Eagle Football Wants to Borrow $300 Million to Help Pay Off Ares

Eagle Football Holdings Ltd., one of the world’s most active soccer investors, is seeking to borrow about $300 million to help pay off part of a loan from Ares Management Corp. as part of a broader recapitalization plan, people with knowledge of the matter say. said.

The company is working with Toronto-Dominion Bank’s TD Cowen unit to gauge the appetite of lenders, including private lending firms, the people said, asking not to be identified because the information is private. At least some of the proceeds will be used to pay down part of the roughly $500 million debt package Eagle took out from Ares to support its takeover of French team Olympique Lyonnais, the people said.