Appetite for European football increases as US lenders eye opportunities

20 October 2020

Photo: PA Images FC Barcelona's president Josef Bartomeu and vice-president Jordi Moix earlier this month secured financing for their €815 million Camp Nou redevelopment in the form of a 30-year plan with global investment bank Goldman Sachs.

MSD Capital's recent involvement with European football is symptomatic of a wider trend, according to financing intermediaries who believe US financiers are here to stay.

Despite the pandemic, hedge funds and private equity firms believe in clubs' long-term risk profile in part due to football's usually stable income flows.

League-led financing - such as in the case of the EFL or the LFP – is expected to expand in the coming months.

Emil Gjerding Nielson and Mads Meisner

Clubs have been stretched to the limit because of the coronavirus pandemic that continues to disrupt the world of football, but, as some suffer, others see opportunities.

Since the beginning of the year American interest in financing clubs has increased, both from hedge funds, private equity firms, family offices and banks, according to financing intermediaries spoke to.

Do you want to read this article?

Get instant access by signing up for a 7-day free trial

No credit card, no commitments and it will expire automatically.

You will receive a link that activates your trial in an email.