American investment company Ares Management has acquired a portion of preferred shares in Inter Miami for $75 million, according to Sportico. The club stated that these funds will be directed towards development initiatives, including the construction of a stadium in the future.
Currently, it is unclear how the acquired preferred capital is structured. The purchased shares may yield a fixed rate of return, a share of the income, or future conversion options into common stock.
Last year, Sportico valued Inter Miami at $585 million, but that was before the signings of Messi, Busquets, and Jordi Alba.
Meanwhile, Jorge Mas, the managing owner of Inter Miami, recently stated that the club’s revenue will double in the next 12 months, and the value will increase to $1.5 billion.
Mas stated that Ares had been an important partner for the past two years, helping to accelerate the growth of Inter Miami. He added that the latest investment came at a pivotal moment for the club, given the planned development of their new stadium.
After signing with Messi, Inter Miami has played 3 matches and secured 3 victories. In these three games, the Argentine scored 5 goals and provided 1 assist.