Sporting Portugal Fund is a Portuguese football investment fund dedicated on Sporting CP players. It was managed by "ESAF – Espírito Santo Fundos de Investimento Mobiliário S.A.". At first the fund had 3,000,000 units with €5 each.
FIFA did not allowed third parties to have "significant" influence on players,Article 18bis, which in reverse minority interest was not banned. Sporting closed its relation to previous investment fund in 2007, but "Sporting Clube de Portugal – Futebol, SAD", the company that operation football section of the athletic club, had a negative equity of €29.646 million in 2010–11 season. Co-current with issue bonds, re-capitalization, Sporting had to find an alternative way to improve the financial condition. Benfica had set up a successful Benfica Stars Fund which purchased around €40M from the club. The club gave up a portion of future transfer fee received in return. After months of preparation, Sporting announced the fund would start operate in August 2011.
In August 2011, Sporting announced that the fund had a size of €15 million and opened to subscription. On 18 August, Sporting started to sell new signing, current players and youth product to the fund for cash.
Investments Date Players Nationality Percentage Sporting Retained Price Departed date Departed team Departed revenue (adj.)Other stakeholder Portugal 50% 25% (2011–12 Q4) €1.75M 2013 25% ? Portugal 25% ? €1.0M Brazil 40% 40% (2011–12 Q3) €0.8M 2013 20% ? Ghana 40% ? €0.4M Portugal 40% ? €0.6M Portugal 40% 35% (2011–12 Q4) €0.8M 25% ? Guinea-Bissau 10% ? €0.15M Portugal 40% ? €0.4M Spain 25% 75% (2011–12 Q2) €1.375M Barcelona (20% added value) Spain 20% 75% (2011–12 Q4) €0.95M Sevilla (20% added value)5% ? Peru 20% 30% (2011–12 Q3) €0.6M 50% ? Argentina 15% 35% (2011–12 Q2) €0.525M Quality Sports Investments (50%) Argentina 15% 35% (2011–12 Q4) €0.525M 2013 50% ? Chile 15% 25% (2011–12 Q4) €0.45M Quality Sports Investments (40%)20% ? Netherlands 15% 35% (2011–12 Q3) €0.975M Norwich City €1.5M Quality Sports Investments (50%) Colombia 4% 46% (2011–12 Q4) €0.1M 2013 50% ? Portugal 5% ? €0.05M Portugal 2.5% ? €0.05M Quality Sports Investments (50%) 2013 Portugal 25% €0.625M 2013 Portugal 15% €0.225M 2013 Portugal 15% €0.24M 2013 Guinea-Bissau 15% €0.3M 2013 40% €0.8M Total
See also Third-party ownership in association football
References
External links Entry at CMVM