Real Betis restructure their long-time debt after the agreement reached with Pricoa
The Club will receive 65 million Euros to be repaid in six years, which will substantially improve their working capital position
Real Betis Balompié have signed an agreement with Pricoa Private Capital. The Club will receive 65 million Euros from the American private capital company. Real Betis will have six years to return the investment. This debt restructuration operation will improve Real Betis' financial situation, especially their working capital, due to the long-term nature of the loan.
The agreement with Pricoa is proof of the trust the financial market has in the future of the Club. Like many football clubs globally, Real Betis have been recovering from performance acutely impacted by pandemic-related lockdowns. The strengthening of financials, in tandem with strong sporting success, has facilitated the Club's access to long-term financing.
Ramón Alarcón, CEO of Real Betis, showed his satisfaction with the deal. "We are very happy with this transaction. A company such as Pricoa Private Capital understood Real Betis' business plan to perfection. We would like to outline the confidence showed by Pricoa in the way the Club is run, the strategic plan, and the Club's management team."
Real Betis have especially valued Pricoa's experience in the sector, the wide range of
financing solutions, and the strength of the company.
About Pricoa Private Capital:
For nearly 100 years, Pricoa Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we are known for building enduring local partnerships based on a steady and patient commitment to our partners' long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of nearly US$96.6 billion (as of 12.31.22)