Real Madrid Set to Borrow $390 Million in Private Debt Market
- Real follows rival Barcelona in tapping private debt this year
- Private debt investors increasingly keen to finance top clubs
Europe’s most successful football club is raising the money through a private debt-issuance.
Photographer: Gonzalo Arroyo Moreno/Getty ImagesThis article is for subscribers only.
Real Madrid FC is set to borrow about €370 million ($390 million) from institutional investors to help finance the renovation of its iconic Santiago Bernabeu stadium, according to two people familiar with the matter.
Europe’s most successful football club is raising the money through a private debt-issuance, which will be paid back with funds from ticket revenues in what is called a waterfall payment structure, said the people, who asked not to be identified as the discussions are private.