Cases & Deals

Standard Bank provides financing to Manchester City Football Club

Clients Standard Bank Plc

Jones Day assisted Standard Bank Plc in connection with the £29.8 million (US $54.9 million) secured facility to Manchester City Football Club Limited, an English football club, for general corporate and working capital purposes. The facility will also be used to repay existing facilities, secured by an assignment of bank accounts and an assignment of certain receivables, and the subsequent amendment of the facility to facilitate the acquisition by Abu Dhabi United Group Investment & Development Limited of the football club.