The largest ticket receivable securitization to be undertaken by a F.A. Premier League football club was concluded in a deal lead-managed by Lazards in September 2001. The GBP60 million bond issue by Leeds United Football Club, is the fifth ticket receivables securitization to be undertaken by an U.K. football club.
Other football clubs, which have tapped the securitization market, include Ipswich Town, Southampton, Newcastle United and Leicester City. There have been similar type deals done in Italy, which have been mainly privately-placed and these deals are also popular in the U.S., however they tend to be larger transactions because, aside from ticket receivables, they are also securitizing naming rights and media flows.