Lazard follows up ABS football hat-trick with proposed £50m Leeds Utd deal

23 Aug 2001

Although the UK Premiership football season only started last weekend, three clubs have already scored in the asset backed securitisation market, with Leeds United planning a £50m deal backed by ticket receivables.

The deal, which is expected to be priced in the coming weeks, follows August issues by Ipswich Town and Leicester City, and a Southampton deal in April. The flurry of football securitisation transactions is being driven by the clubs' need to expand their grounds into larger, revenue ...

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