Atlético continues to work on propping up its financial situation that, as has happened to the rest of the clubs, has suffered a severe blow with the pandemic. The club approved a capital increase in June and has now obtained a 300 million euro loan from three US funds, Barings, Metlife Investment Management and Prudential, to refinance their short-term debt, as advanced The confidential.
This information counts that with this money the 200 million that are owed to Inbursa can be refinanced, the bank of Mexican magnate Carlos Slim, as well as other funds They also contributed money to the club, which was in a difficult situation, especially until the last Shareholders' Meeting. Prudential and Baring, two of the lending funds, they also supported Barça at the time.
In this meeting of June 25 the capital increase of 181.8 million was approved, that allows the entry of another North American investor, Ares Management, through Atlético HoldCo, the company that brings together the shares of Gil Marín and Cerezo's club. This process, plus this latest loan, means the club can continue the sports project while minimizing the effects of the crisis due to the pandemic. For example, the renewal of Simeone and some other pending such as Marcos Llorente, as well as the signing of Rodrigo de Paul.