Goldman Sachs Working With Betis to Fund Football Stadium

Goldman Sachs is working on a plan to raise as much as €250 million ($292 million) in debt to fund the refurbishing of Spanish football club Real Betis Balompie SAD’s stadium, according to people familiar with the matter.

The financing structure hasn’t been decided yet but a plan could be outlined by year’s end, said the people, asking not to be named as the matter isn’t yet public. The structure may be similar to the one the US bank arranged for the revamp of Valencia CF’s stadium, which included both a loan and a bond issuance with a 28-year maturity, the people said.