Soccer Invest Fund
Soccer Invest Fund was a Portuguese association football private investment fund, the second Portuguese football fund after Benfica Stars Fund relaunched the industry. It was managed by MNF Gestão de Activos - S.G.F.I.M., S.A. (literally MNF Asset Management). It was reported that João Frederico Lino de Castro, ex-member of Sporting CP Board of the General Assembly,[1] was one of the administrators of the fund,[2] which himself a non-executive administrator of MNF Capital.[3][4]
The fund started operation in May 2011; at first 14,500 units of the shares were issued to investor and the startup capital of the fund was €1,450,000. The fund was planned to issue 100,000 units and scheduled to end the subscription period on 13 January 2013 (two years after obtaining the permit). It was liquidated in 2016.
The fund made its first transaction in July, acquired João Moutinho's 37.5% rights, Ukra and André Castro 15% rights for about €4.8 million, but in late July (announced on 3 August) Moutinho's 22.5% rights were sold back to Porto for €4 million; the fund also adjusted the fair value of its 15% rights of Moutinho to €2.66 million (4 million divided by 22.5% times 15%) and combined with the asset value of the two Porto youngster, made the fund net asset increased to €3,662,533.25 at the end of July (from €1,439,498.31 in June and that month issued unit had €1,450,000 nominal value).[5]
In August, the fund issued more units to 15,700, and also acquired 25% rights of Jorge Fucile form other investor and 11% of Juan Manuel Iturbe from Porto, which Porto's share on Iturbe was dropped from 60% in May 2011[6] to 49%. In September the units increased to 21,200. In December, the fund acquired Djalma and sold 20% of Fucile.
MNF Gestão de Activos director António Aranha declared that the fund would buy players from Portugal and the rest of the world and was not dedicated to one club.[7]
Investments
[edit]| Date | Players | Nationality | Percentage | Price | Acquire from | Departed date | Departed team | Departed price (adj.) |
|---|---|---|---|---|---|---|---|---|
| ca. July 2011 | João Moutinho | Portugal | 22.5% | €2,516,250 | "Mamers BV" | 3 August 2011 |  Porto |
€4M[8] |
| ca. July 2011 | João Moutinho | Portugal | 15% | €1,677,500[9] | "Mamers BV" | 30 January 2013 | Porto |
€3.3M[10] |
| ca. July 2011 | Ukra | Portugal | 15% | €300,000 | Porto[11] | ca. July 2012 | ca. €203,750[12] | |
| ca. July 2011 | André Castro | Portugal | 15% | €300,000 | Porto[11] | ca. June 2012 | ||
| ca. August 2011 | Jorge Fucile | Uruguay | 20% | €440,000 | ? | ca. December 2011 | Porto |
€1M[11] |
| ca. August 2011 | Jorge Fucile | Uruguay | 5% | €110,000 | ? | 2014 | ||
| ca. August 2011 | Juan Iturbe | Argentina | 11% | €1,062,500 | Porto[11] | 2014 | ||
| ca. June 2012 | Juan Iturbe | Argentina | 4% | |||||
| ca. December 2011 | Djalma | Angola | 25% | €500,000 | Porto[11] | 2015 | ||
| ca. July 2012 | Eduardo Silva | 10% | €101,875[12] | 2014 | ||||
| ca. July 2012 | Mikel Agu | Nigeria | 10% | €101,875[12] | 2015 | |||
| Total | €7,070,000 | |||||||
References
[edit]- ^ "Governing Bodies". Sporting CP. 2011. Archived from the original on 27 October 2011. Retrieved 26 January 2014.
- ^ "F.C. Porto: 4 milhões por 22,5% de Moutinho". Mais Futebol (in Portuguese). 3 August 2011. Retrieved 12 August 2011.
- ^ "Membros - MNF Capital". www.mnfcapital.com.
- ^ "Equipa - MNF Gestão de Activos". Archived from the original on July 17, 2011. Retrieved August 12, 2011.
- ^ "CMVM - Sistema de difusão de informação - Fundos / Gestão de ativos". web3.cmvm.pt.
- ^ "Relatório e Contas Consolidado 2010/2011 (3º Trimestre)" (PDF). FC Porto (in Portuguese). Retrieved 20 September 2011.
- ^ "Gestora MNF lança fundo para apostar em jogadores de vários clubes | Económico". Archived from the original on 2012-03-30. Retrieved 2011-08-12.
- ^ "COMUNICADO" [Communication] (PDF). FC Porto (in Portuguese). 3 August 2011. Archived from the original (PDF) on 24 December 2011. Retrieved 12 August 2011.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2012-12-24. Retrieved 2012-09-19.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Comunicado" [Announcement] (PDF) (in Portuguese). FC Porto. 30 January 2013. Archived from the original (PDF) on 23 September 2013. Retrieved 8 February 2013.
- ^ a b c d e "Archived copy" (PDF). Archived from the original (PDF) on 2012-03-23. Retrieved 2012-03-05.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ a b c "Relatório e Contas (31.12.2012)" (PDF). Soccer Invest Fund (in Portuguese). CMVM. 28 March 2013. Retrieved 26 January 2014.
External links
[edit]- Fund Regulation (in Portuguese)
- Entry at CMVM (in Portuguese)