Arsenal Securities
Barclays Capital and The Royal Bank of Scotland were lead managers on the £260 million ($523.5 million) Arsenal Securities deal, a unique transaction that saw London-based soccer club Arsenal securitize future ticket receipts and other income, such as merchandising and broadcasting rights, to refinance its new Emirates Stadium in North London. At RBS, the deal was headed by James Miller, head of corporate securitization in London. Barclays’ team comprised Henry Cooke, managing director, and Jonathan Conway, associate director, from the real estate group; and John Mayhew, director, and Duncan Brett, associate director, of the utilities and infrastructure team. Allen & Overy finance partner Gareth Price led the team advising the lead managers.