Newcastle United became the first British soccer team to securitize future ticket income in a deal worth GBP55 million ($85 million) at the end of September. The transaction, arranged by J. Henry Schroders, will be used to replace a GBP40 million-term loan taken out to finance the addition of 15,000 seats to Newcastle's stadium, St. James Park.

The remaining proceeds will cover interest payments on the loan, a contingency reserve of GBP3 million and provide funds for investment elsewhere in the business.

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