Ares Management, a private equity firm, has injected $75 million in preferred equity into Lionel Messi's Inter Miami soccer club. The loan will be used to aid the construction of the Miami Freedom Park stadium complex and support expansion initiatives. This investment follows Ares' previous $150 million investment in Inter Miami and coincides with the team's growing popularity due to Messi's addition.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $75,000,000
• Lender: Ares Management
• Landlord: Inter Miami - Lionel Messi & Jorge Mas
• Loan Type: Equity
• Date: 08/09/2023
• Address: Northwest 37th Avenue - Miami Freedom Park
• Market: Miami

Ares Management's involvement in the loan transaction further solidifies their support of Inter Miami's development plans in Miami. The injection of $75 million in preferred equity will contribute to the successful completion of the Miami Freedom Park stadium complex. With Lionel Messi's addition to the team, Inter Miami has garnered increased attention and popularity, making this investment all the more significant for the club's future growth.