Cardiff-based Gambit Corporate Finance provides British and Irish Lions with strategic advice to protect their financial position from their current tour to South Africa.
This ensures a committed debt facility and emergency financing options.
It is understood that this involves identifying the funding line for the Dublin-based Lions company if the tour is canceled due to Covid.
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While television and commercial transactions continue, Lions confirms that revenues are being impacted by the loss of revenues that would have come from official tours of UK and Irish fans. Gambit has provided and will continue to support the company in addressing this funding issue.
The Gambit team, led by Jason Evans (partner), Simon Marsden (director) and Michael Dunn (executive), identifies and approaches selected private funders, negotiates competitive terms and joins the Lions finance team. It was responsible for providing ongoing strategic guidance. As the situation evolves.
Therma O’Driscol, Chief Financial Officer of British & Irish Lions, said:
“Given the rapidly changing environment we face and the evolving assumptions about pandemic limits, we are pleased to have many funding options available to meet our needs.
Gambit’s knowledge of the funding market provided a solution that exceeded our expectations and provided great comfort to key stakeholders. “
Evans said: “It was a pleasure to work with Therma, her talented team, and Lions’ iconic sports institution. Various potential contingencies against the backdrop of the unique nature of pandemics and organizational requirements. We are pleased to offer some competitive financing options that provide protection against.
“We hope the team will be successful in the final test with Springboks this weekend and look forward to continued success both off and on the pitch.”
British & Irish Lions Turns to Gambit Corporate Finance for Financing Expertise
Source link British & Irish Lions Turns to Gambit Corporate Finance for Financing Expertise