London-based finance firm opens fourth international office in Barcelona

A London-based sports, music and entertainment (SM&E) capital provider has announced the opening of its fourth international office in Europe.

23 Capital has today announced the launch of its latest office in Barcelona as part of its ongoing international expansion.

The Fitzrovia-based firm, which has offices in Los Angeles and New York, specialises in financing solutions exclusively across the sports, music and entertainment sectors.

23 Capital’s new Barcelona office will act as a base of operations for the firm’s sports activities, housing a specialist sports team headed up by former Nike EMEA sports marketing director Jonny Nye.

Commenting on the announcement, Jason Traub, CEO and co-founder 23 Capital explained: “Spain is one of the largest markets in world football, so it was essential that 23 Capital have a specialist sports team operating in one of the great sporting capitals’ of the world.

“Following the incorporation of SRG SL into 23 Capital, we are delighted to have Jonny and a dedicated sports team on board to continue exploring the business opportunities presented by the digital transformation shaping the industry.”

Jonny Nye, managing director of sport at 23 Capital added: “Spain is host to many of the most successful, dynamic and active clubs in European football, which makes it a natural place for the sports industry to gravitate to.

“23 Capital’s Barcelona office provides its international clients with the deep sector expertise they need, which when combined with our ability to fund, creates a powerful proposition.”