Jockey Club agrees BTG-backed plan to settle São Paulo city debt
By The Weekly Edge desk ·
Summary
Jockey Club de São Paulo said it had agreed financing with BTG Pactual to address debts owed to the city. It estimates an upfront payment of R$ 228 million by 30 October, with the plan also envisaging a new private club and an 85,000-square-metre public park.
Why it matters
The financing links municipal debt settlement with a planned private club and public park.