LaLiga promotes a joint loan of € 67M to eleven clubs

LaLiga has announced, through a statement, that eleven Spanish clubs will benefit from a joint loan of 67 million euros with the British investment fund Rights & Media Funding Limited. The clubs, mostly from LaLiga SmartBank, although they have not been disclosed, will have this financing for a period of five years, a longer term than they usually have with other individual financing operations.

This is the first joint financing operation with several Spanish clubs, for which a process of selecting funders was carried out to which between 15 and 20 investment funds and international banks (from the United States, United Kingdom and Germany) presented themselves and in which the London fund Rights & Media, which had already worked with Spanish teams, prevailed.

“Obtaining this type of loan is clear proof of the financial stability and confidence in the future of Spanish clubs and LaLiga “, said José Guerra, general director of LaLiga, for whom this operation “opens the door to a new financing channel in which clubs can access the market in a coordinated way” to obtain “more attractive conditions.”

“LaLiga, in its role of protecting the economic stability of professional football, facilitated the access of interested clubs to an innovative financing tool that will cover the liquidity needs of participating teams, optimizing its financing conditions and enhancing its capital structure “explains the statement drawn up by the football association.

The operation, promoted by the financial services company JB Capital Markets -chaired by Javier Botín, external director of Banco Santander and brother of the president of the entity, Ana Botín-, who was the one who proposed the operation, it has been carried out with the legal advice of the Pérez Llorca law firm, as well as with the help of Bryan Cave Leighton Paisner LLP, lawyers for the investment fund, and Toda & Nel-lo Abogados in Spain .