Nissan seeking to promote its soccer membership as monetary issues proceed – report


Monetary issues proceed to plague Nissan, which is reportedly seeking to promote its majority stake within the Yokohama F Marinos soccer membership.

Based on The Nikkei, Nissan has begun on the lookout for corporations to purchase its 75 per cent share within the soccer membership. The newspaper’s sources say Nissan has approached a number of corporations already, and is seeking to have a closing checklist of potential patrons by the top of 12 months.

If all goes to plan, Nissan hopes to finish the sale a while in 2026. It’s unclear how a lot cash promoting the Marinos will rake in. There’s no phrase on whether or not Nissan plans to resume its naming rights to the workforce’s 75,000-seat dwelling stadium, which lapse in February 2026.

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Nissan’s funding the Marinos was secure below earlier restructuring plans, however the depth of the Japanese automaker’s present disaster has pressured CEO Ivan Espinosa, who was appointed in April this 12 months, to go away no stone unturned as the corporate slashes prices and raises funds.

The Yokohama-based agency has been skating on skinny monetary ice for about two years. The magnitude of its issues grew to become clear in Might when it introduced a lack of ¥670.9 billion (A$7.1bn) for the monetary 12 months ending March 2025.

As a part of Mr Espinosa’s Re:Nissan restoration plan, it’ll reduce its world workforce by 15 per cent or 20,000 folks, and shut seven of its 17 automotive vegetation. Nissan has additionally paused growth of autos and expertise due for launch after March 2027, requested suppliers to just accept late funds, and could promote its world HQ.