Real Betis has reached an agreement with the American banking entity Goldman Sachs to refinance 125 million euros of debt. In this way, the green and white team activates a lever to provide greater liquidity and solvency to the entity, just as Barcelona has already done in Laporta.
This lever allows the Betis Completely refinance your previous debt. The Andalusian entity states in its official statement that “it obtains additional resources to comfortably face its ordinary working capital and other anticipated needs of the company.”
Last August, the Betic team carried out a capital increase of 42.9 million euros. “It Real Betis “has successfully closed its capital increase of 42.9 million euros,” the club stressed. “It does so with the incorporation into the shareholding of the 766 partners who requested it and formalized the required procedures within the set deadline,” it added. And Betis is not the first club in the Tebas League to use levers to gain liquidity.
The last leverage made by Barcelona did not go well, but Tebas made it happen. “Barcelona did the Libero thing [el fondo que les iba a pagar por 40 millones correspondientes a la compra del 10% de Barça Vision y que no pagaron] on August 30 before a notary with the agreement of the auditor, where Orpheus Media, of Jaume Roures, and Socios.com bought 50% for 60 or 70 million, I don’t remember well. They had paid 10 million euros each,” Javier Tebas began in an interview with Jordi Wild on YouTube.
The Andalusian club closed the accounts for the first half of the 23/24 season, on December 31, 2023, recording a net result of 10.2 million euros.
“The stadium is a fundamental pillar that will allow us to increase these revenues. It will have independent financing that will be paid for with the increases in revenue that will be generated,” said Federico González Feria about the new Real Betis stadium.
Statement from Real Betis
Betis announced this Monday that it has reached a financing agreement with Goldman Sachs for a value of 125 million. This agreement will improve the club’s liabilities, in addition to ensuring sufficient liquidity, solvency and financial depth for the coming years.
In this way, the green and white team manages to restructure the debt, with a maturity of 10 years, a principal amortization deferral of 3 years, as well as obtaining resources to meet its capital.
This agreement with Goldman Sachs allows us to complete the transformation of the club’s long-term capital structure. In addition, it is also working with this bank to finance the stadium, which will generate an increase in revenue sufficient to achieve self-financing.
Federico González Feria assesses this agreement and sees the new stadium as a way to consolidate the club’s finances: “The stadium is a fundamental pillar that will allow us to increase these revenues. It will have independent financing that will be financed with the increases in revenue that will be generated.
