(Bloomberg) – Manchester United PLC’s surprise announcement of plans for a new 100,000-member stadium of the new 100,000 people was easy. Now you need to find the money.
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The bankers discuss how difficult it can be to borrow 2 billion ($ 2.6 billion dollars) to create a huge space. According to the people who are familiar with the financial market, lending is among the £ 1 billion pounds. This leaves a cavity that can be filled with capital, they said that any transaction would be private, not determined.
However, the latest stadium developments – a number of like Barselona’s Spotify Camp Nou – debt, and manchester should be able to grow the capital required by the cultivation of the United United. There is also a potential potential from a new British government that pushes economic growth.
Manchester United Director General Omar Berrra said it would review all the options for financing. The club struggles in the square in recent years, and already loaded with £ 1 billion, the club is considered one of the world’s largest football teams, the club is unlikely to be short.
Goldman Sachs Group Inc and JPMorgan Chase & Co., as a matter of solutions, it is likely that this is likely to fight the opposition in the fight against the club to manage the club. Bank of America Corp., a lender that lends more to the club and is another probable candidate of the financier of new stadiums for other teams such as Tottenham Hotspur and Real Madrid.
Manchester United has not yet officially spoken with lender, and the structure of any funding can vary depending on the financing of credit markets and the potential state and the club’s performance in the square.
“If the stadium operations are conservatives, more attractive to investors than the teams,” he said. “Income created by the stadium tends to be more solid than clubs that rely on the selling or other variable substances.”
The call is a change of credit markets since the last lifted debt of Manchester United. Central after the increase in inflation in recent years, the loan was more expensive, although the central banks are now reducing interest rates.
The current debt is expected to be re-financed as part of any transactions to raise funds for the club’s stadium, and this makes interest-bearing payments more careful than loading.
If necessary, it is not known where there is any capital. Ratcliffe spent about $ 1.5 billion to obtain almost one-third of Manchester United, and since then, the workers have been cut and tried to control the employees. Meanwhile, the Glazer family is still the majority owners.
Manchester United, Goldman Sachs, Jpmorgan and Bank of America refused to comment.
Football clubs, on the influence of profit from the market of the media rights market, along with the impact of profit from the media rights market, increases the impact of the player’s income to bring income. Reconstructions in the stadium also vibrate the club financing, Morningstar DBRS recorded a record earlier this year.
The structures of the highest level clubs can achieve an investment-level credit rating, “Morningstar DBBRS Gutierrez and Michael Goldberg said,” The Special Purpose Institution of Financing Organization (Stadko) said.
Creative options
A separate enterprise, which is provided with ticket sales in the new stadium, can be an option. Waiting, project financial loans, third party units, different means such as municipal support, the third municipal support will have to raise debt.
In 2015, the club raised $ 425 million in 2027 bonds, benchmark interest rates are historically lower than 3.79%. Bank of America, plus £ 300m of £ 225 million in additional convertible credit facilities. In addition, the clubs for players owe about 300 million pounds.
The owner of the local Rival Manchester City pays 7.4% to some loans sold in the US credit markets, and lending is less likely to offer Manchester United Terms, and one of 6% -7%.
Moreover, in the last ten years, for example, in stadiums such as Atletico Madrid, Tottenham Hotspur and Juventus, the secondary team in Morningstar has grown 2.3 times faster than the average team. Manchester United’s income in the match was 137.1 million TL in the 2023/24 season.
Ratcliffe has already pursued ticket prices and warned the fans that the club needs to grow further. Such news, INTORTUNEUNE Revenue: The team is currently in the top 14 of the 14th team in the highest level of English football, if this level continues at the end of the season in May, is in the worst finish.
The plans of a new stadium to build years are an attempt to get acquainted with modern devices built by some European clubs. Ratcliffe spoke to build a reference to the house of England’s home in London. After the completion, the refinancing in more attractive terms can occur, the people said.
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