Spain: 11 Spanish professional clubs collectively obtain €67m loan via LaLiga

"Eleven LaLiga clubs are to jointly receive €67m loan from Rights & Media Funding Limited (a British financial services company)," announced the Spanish League on 10/12/2020. The maturity of this loan contracted collectively by the clubs is five years, i.e. until 2025.

"LaLiga worked with the independent financial services provider JB Capital and Perez Llorca, a pre-eminent law firm in Spain, to invite lenders to participate in negotiations to deliver funding to strengthen the liquidity of football clubs in LaLiga SmartBank, the second division of Spanish professional football, as well as those clubs recently promoted to LaLiga Santander for the 2020-21 season. The project was launched to provide clubs in LaLiga with a tool to help them manage their financial needs in the context of the exceptional circumstances caused by the Coronavirus pandemic," explained the body, which specified that the "innovative joint financing structure" has "attracted the interest of several lenders."

"LaLiga, in its role of safeguarding the economic stability of professional football, facilitated the…