4. A Soccer Star
In a remarkable display of financial maneuvering, a Spanish bank involved in financing the world-renowned soccer club, Real Madrid, employed an extraordinary form of collateral—a loan backed by two of the team’s star players, Cristiano Ronaldo and Ricardo Izecson dos Santos Leite. The bank contributed to the substantial acquisition cost of over $111 million for these exceptional athletes. As a safeguard, should the bank face insolvency or the club fail to repay the loan, the players’ contracts would be transferred to the Central Bank of Europe. This audacious arrangement illustrates the intricate interplay between sports, finance, and risk management in the realm of high-stakes lending.
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