Padel Business

Another actor in crisis — wants to raise millions: ”Risking bankruptcy”

PDL United Group has launched a new issue of shares to raise more capital. The company wants to raise nearly €34 million this month. Otherwise, it risks bankruptcy. 

The over-establishment of the Swedish padel market is striking. Padel Alto has previously reported on We Are Padel's (WAP) restructuring. Now one of We Are Padel's major competitors in Sweden, Padel United Group (PDL United), is threatened with bankruptcy.  Swedish Breakit was the first to report on the news. 

The biggest actor in Sweden, in number of clubs, starts a new issue of shares which will be carried out in two stages until 23 December this year. Firstly through an offer to buy preference shares at a subscription price. 

In addition, a directed issue to existing shareholders will be carried out:

"To the extent that the dir

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