Liverpool owner wanted to give 100 million euros to buy Sporting debt – Sporting

Sporting, specifically its debt, will have been on the radar of RedBird Capital Partners, one of the shareholders of Fenway Sports, which owns Liverpool. According to the newspaper ECO, this fund will have presented a proposal of 100 million euros to buy Sporting’s debt to BCP and Novobanco, which amounts to 240 million euros – which include about 128 million euros in Mandatory Convertible Securities (VMOC). However, underlines the aforementioned source, the fund that has basketball player LeBron James among its investors will have already left the race, and at this moment Sporting itself is the main candidate to buy back its debt, with the support of the Apollo fund. Otherwise, this information had already been advanced, last week, by ‘Bloomberg’, specialized in financial information. In addition to Sporting, Bank of America and the Carlyle fund will also have shown interest. It should be recalled that Sporting has an ongoing subscription period for the bond loan launched by SAD, in the amount of 30 million euros, whose public offering runs until 3 pm on 6 December. This issue has a fixed gross interest rate of 5.25% per year and starts at six million bonds, with a nominal value of five euros, the amount of which can be increased by SAD until this Tuesday. Moreover, the bond loan launched in 2018 has already started to be repaid.

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By Ricardo Granada