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Europe's top soccer teams turn to US bond market for funding
Such bonds are the most recent "esoteric" securities being sold in US securitisation markets
Published Sun, Jan 17, 2016 · 09:50 PM
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New York
EUROPEAN soccer teams are turning to the US bond market for funding that could help them buy and trade more players.
London-based XXIII Capital sold last week US$73 million of bonds backed by media-rights payments and player-transfer fees from clubs in Europe's largest soccer leagues, including UK's Premier League, Germany's Bundesliga, Spain's La Liga, France's Ligue 1 and Italy's Serie A, according to Kroll Bond Rating Agency.
The bonds pay investors through cash stre…
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