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Sporting Lisbon Creditors Seek to Exit Ronaldo’s Old Club

  • Novo Banco, BCP appoint Rothschild to seek buyers for debt
  • Portuguese soccer clubs have struggled to fix finances

Photographer: Carlos Costa/AFP/Getty Images

Updated on

Debtholders in Sporting Lisbon are looking to sell out of the historic Portuguese soccer club that unearthed global superstar Cristiano Ronaldo, according to people familiar with the matter.

Lenders Novo Banco SA and Banco Comercial Portugues SA are working with Rothschild & Co. to seek new buyers for the debt they hold in Sporting Clube de Portugal and Sporting Clube de Portugal Futebol SAD, entities that control the club, the people said.