Sporting Lisbon Creditors Seek to Exit Ronaldo’s Old Soccer Club

Debtholders in Sporting Lisbon are looking to sell out of the historic Portuguese soccer club that unearthed global superstar Cristiano Ronaldo, according to people familiar with the matter.

Lenders Novo Banco SA and Banco Comercial Portugues SA are working with Rothschild & Co. to seek new buyers for the debt they hold in Sporting Clube de Portugal and Sporting Clube de Portugal Futebol SAD, entities that control the club, the people said.

Some of the debt will convert into equity should it fail to be repaid in 2026, the people said, asking not to be identified discussing confidential ...