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,[1] 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.[2] 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.[3]
In August 2011, Sporting announced that the fund had a size of €15 million and opened to subscription.[4] On 18 August, Sporting started to sell new signing, current players and youth product to the fund for cash.
^Article 18bis, "Regulations on the Status and Transfer of Players - 2010" (PDF). FIFA. Archived from the original (PDF) on January 25, 2011. Retrieved 8 March 2012. No club shall enter into a contract which enables any other party to that contract or any third party to acquire the ability to influence in employment and transfer-related matters its independence, its policies or the performance of its teams.
^"Relatório e Contas do Exercício 2010/2011" (PDF) (in Portuguese). Sporting CP. 9 September 2011. Retrieved 8 March 2012.
^"COMUNICADO" [Communication] (PDF). Sporting CP (in Portuguese). CMVM. 8 July 2011. Retrieved 8 March 2012.
^"COMUNICADO" [Communication] (PDF). Sporting CP (in Portuguese). CMVM. 10 August 2011. Retrieved 8 March 2012.
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