Goldman Sachs will contribute a 1 billion euro syndicated ($1.17 billion) loan to private equity firm CVC’s planned 2.7 bln euro investment in Spain’s top football league, LaLiga, two sources familiar with the matter said on Wednesday.
Online newspaper El Confidencial first reported Goldman’s involvement in the proposed deal, which is due to be voted on by LaLiga’s member clubs on Thursday and which has drawn fierce opposition from Real Madrid and FC Barcelona.
The league said last week that the deal, called “Boost La Liga”, would strengthen clubs and give them funds to spend on new infrastructure and modernisation projects as well as increasing how much they can spend on players’ salaries.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.