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Arsenal to enter £260m securitisation deal

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Arsenal is to enter into a deal to enable the club to borrow money from investors using future ticket sales as security.

The north London-based club plans to borrow £260m to pay off the debt it accumulated when building its new home, the 60,000-seat Emirates Stadium.

Credit rating agency Standard & Poor’s (S&P) said that the securitisation – the process in which a company borrows funds against future cash flow – was the first of its kind in the country.

Robert Robinson, S&P’s credit analyst, said: “In contrast to other corporate securitisations where there are numerous potential customers of the asset-owning company, in this transaction Arsenal is the sole stadium user. The debt-service repayment is entirely supported by match-ticket revenue.”

Arsenal will move to the Emirates Stadium next season, after 93 years at Highbury. Details: www.arsenal.com

Photograph: Future ticket sales at the 60,000 Emirates Stadium will help pay off the debt accrued by building it

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Arsenal is to enter into a deal to enable the club to borrow money from investors using future ticket sales as security.
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