CVC Capital Partners is planning to raise approximately €2.75 billion ($3.2 billion) in debt financing tied to its sports investments, according to sources familiar with the matter. The private equity firm has a diverse portfolio in sports, including stakes in top-tier Spanish football, English professional rugby, volleyball, and women’s tennis.
The move aims to leverage the value of its sports assets to secure the debt financing, which will likely be used to fund new investments or refinance existing holdings. CVC’s involvement in high-profile sports leagues and events has positioned it as a significant player in the sports investment landscape.
CVC has been actively expanding its sports portfolio over recent years, acquiring or partnering with various leagues and sporting properties. The proposed debt raise indicates a strategic effort to support further growth and capitalize on the rising commercial value of sports franchises and events globally.
Details about the specific terms of the debt or the timing of the fundraising have not been officially disclosed. Industry experts suggest that the move reflects CVC’s continued focus on exploiting the lucrative and expanding sports market.