Valencia CF has successfully secured a refinancing deal worth €186 million ($196 million) for their existing debt. Goldman Sachs Group Inc. played a key role in this transaction.
The purpose of this strategic move is to support the Spanish football club's efforts to obtain funding for a new stadium in preparation for the 2030 FIFA World Cup. Valencia CF is currently working with their advisors to develop initial plans for raising the necessary capital for the construction of the new arena.
This refinancing initiative is a significant milestone for Valencia CF as they aim to strengthen their financial stability and infrastructure ahead of the prestigious international tournament.