Would you like to invest in the next Ronaldinho? Do you like to have a share in the seemingly recession-proof $20 billion soccer industry? Then it seems the $100 million “Hero Global Football Fund” is for you.
Launched as a venture by EIS Asset Management (an Emirates NBD subsidiary) and UK-based Hero Investments, the fund, based in Jersey, will invest in young players from mainly Africa, South America and Asia and will get a carry fee as those players gets transferred. (Advisory board of the fund include former Executive Director of the English Football Association, a former referee and a former Liverpool professional footballer)
Why now and why Middle East? Well, they seem to have tried to launch the fund back in 2006, but these days you won’t grow fast unless you are somehow connected to Middle East money: Emirates NBD has committed $40 million to the fund. (You can purchase our directory to find out more about other investment firms in the Middle East)
As an individual you can get in as well … But do you have minimum $100,000 in cash?
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