Goldman Sachs (GS) is preparing to raise up to 250 million euros ($292 million) in debt to support the renovation of Spanish football club Real Betis Balompie SAD's stadium, Bloomberg News reported Thursday, citing sources with knowledge of the matter.

The exact financing structure is still being developed, but details may be finalized by the end of the year, the media outlet reported.

The funding model could reportedly resemble the one used for Valencia CF's stadium, which combined a loan and a long-term bond with a 28-year maturity.

A Real Betis spokesperson informed Bloomberg that the club is working on the plan and added that the stadium costs will be paid through the extra revenue it brings in.

Real Betis and Goldman Sachs did not immediately respond to requests for a comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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