Goldman Sachs Leads £125 Million Loan to Crystal Palace
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Selhurst Park, London.Photographer: Jordan Pettitt/PA ImagesGoldman Sachs Group Inc. is leading a £125 million ($168 million) loan deal to Premier League club Crystal Palace, in part to help finance the redevelopment of the club’s stadium, according to people familiar with the matter.The new loan replaces a previous financing arrangement from another backer. The terms of the Goldman Sachs loan are more favorable and offer a longer repayment period tied to the stadium redevelopment, the people added. The prior loan had been secured against the club’s broadcast income.