November 27 – The multi-club possession group Eagle Soccer Holdings, led by US businessman John Textor, has introduced $40 million of preliminary fairness funding in direction of a $100 million pre-IPO financing spherical, led by Portuguese funding fund UCEA Capital Companions.
On the finish of October Textor introduced plans to take his Eagle Soccer group public within the US with a $1.1 billion flotation within the first quarter of 2025.
“Eagle Soccer has reached an thrilling inflection level, and this funding brings us one step nearer to our IPO ambitions,” stated Textor.
“We’re thrilled to have the backing of such a revered investor as we execute scalable leisure and expertise methods to enhance our community of world soccer golf equipment.”
Eagle Soccer is having success on the pitch with its golf equipment however off it’s developing towards cashflow issues.
Olympique Lyonnais, one of many France’s most prestigious golf equipment and home title winners seven instances, have been banned from making any signings within the January switch window and will likely be relegated from Ligue 1 on the finish of the season if they’re unable to handle a monetary disaster estimated to require €100 million to resolve. The membership does at present have the business alternative of a very good run within the Europa League.
In Brazil Botafogo are main Serie A by three factors with two video games remaining. Botafogo are additionally within the closing of Copa Libertadores on November 30, with a win qualifying them for the 2025 Membership World cup within the US.
Eagle Soccer additionally owns a forty five% stake in Premier League Crystal palace however has put that shareholding up on the market in favour of shopping for right into a membership the place the group can have administration management.
Eagle Soccer’s enterprise mannequin is predicated on a worldwide pooling of assets, for the monetary and aggressive good thing about all Eagle golf equipment.
“Usually confused as only a soccer organisation, we worth Eagle Soccer as a various leisure and expertise firm that uniquely pursues viewers engagement as its principal enterprise technique,” stated Joao Teixeira, Chairman of UCEA Capital Companions.
“This can be a really revolutionary and disruptive method, within the enterprise of soccer, and we’re excited to help the Firm’s subsequent section of progress.”
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