23 Capital, a leading capital and solutions provider to the Sports, Music and Entertainment (SM&E) sectors, has announced the opening of its fourth international office, with a dedicated sports team based in Barcelona.
This growth and rapid expansion further leverages 23 Capital’s position as one of the world’s leading cross-border European lenders to the football industry.
With the company’s head-quarters in London, and offices in Los Angeles and New York, 23 Capital’s Barcelona team works with many of the leading teams and associations in European football and across other sporting sectors including tennis, cricket, rugby, F1, Formula E, MotoGP and basketball.
Jonny Nye, Managing Director of Sport at 23 Capital, and former Nike EMEA Sports Marketing Director, leads the Global Sports team based out of Barcelona, who have extensive experience structuring capital solutions across multiple asset classes, incorporating highly visible and predictable IP cash flows including broadcasting rights, player receivables, licensing agreements and sponsorship income.
Jason Traub, CEO and Co-Founder 23 Capital said: “Spain is one of the largest markets in world football, so it was essential that 23 Capital have a specialist sports team operating in one of the great sporting capitals’ of the world. Following the incorporation of SRG SL into 23 Capital, we are delighted to have Jonny and a dedicated sports team on board to continue exploring the business opportunities presented by the digital transformation shaping the industry.”
Jonny Nye, Managing Director of Sport 23, Capital said: “Spain is host to many of the most successful, dynamic and active clubs in European football, which makes it a natural place for the sports industry to gravitate to. 23 Capital’s Barcelona office provides its international clients with the deep sector expertise they need, which when combined with our ability to fund, creates a powerful proposition.”