Structured equity refers to a form of funding that typically sits between equity and debt in a company's capital stack and comes with regular payments.Ares, one of the largest providers of private credit, wasin 2020 to be backing Miami-based soccer investor Kapital Football Group in its pursuit of buying an English Premier League club. Kapital was reported a year later to have abandoned efforts to acquire Southampton.
Ares was also reported to have backed two of the failed bids for Chelsea last year, before that club's 4.25 billion pound sale to a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital. Ares recently raised $3.7 billion for a dedicated sports fund with a mandate to invest in leagues and teams.
It was unclear whether Ares has been looking to finance bids for Manchester United through that fund, which has already invested in Spain's Atletico de Madrid soccer club and Inter Miami CF, or another vehicle.acquisitionLast Friday, Manchester United received indicative offers from bidders including chemicals firm INEOS, led by long-time fan Jim Ratcliffe, and Qatari Sheikh Jassim Bin Hamad Al Thani.
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Black Rock bought it.
I got sources saying Man Utd will be sold for £5.6bn ($6.7bn) 🇶🇦