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    Benfica Stars Fund.

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    Knoblauch

    Number of posts: 576
    Age: 28
    Supports: Sport Lisboa e Benfica
    Favourite Player: Saviola.
    Registration date: 2007-03-01

    Benfica Stars Fund.

    Post by Knoblauch on Thu Feb 25, 2010 12:49 pm

    What this means is a group of wealthy individuals and financial institutions got together to set a company. This company has, until now, given to Benfica €30million, to buy percentages of players.
    In this moment, they have bought percentages between 20% and 50%, of seventeen players.
    For example, they gave to Benfica €4million to have 20% of David Luiz. If/when we sell him, we have to give 20% of the fee to them. Sounds good business doesn't it?
    But, there is one down side. If someone bid €20million or more for David Luiz, we have two choices, or we must except the bid, or we must pay immediately 20% of the value of the bid to the company.
    This could provide a big problem for us after the world cup, when we could, if our players do well, receive bids for two or three. And we would struggle to buy back the percentages, meaning that we could be forced to sell.


    All said and done, it's a very good exercise for us, and the unique way we had of being able to keep our good players and sign others like Ramires and Javi Garcia. Which, as Porto gets good prize money from the champions league every year, and we get almost nothing, we desperately needed to be able to compete equally with them.

    fcb

    Number of posts: 40150
    Age: 101
    Supports: FC Barcelona
    Registration date: 2006-08-11

    Re: Benfica Stars Fund.

    Post by fcb on Thu Feb 25, 2010 12:53 pm

    It's certainly an interesting concept, but what's crucial is that the wealthy individuals/financial institutions have the club's and players' interests at heart. ie. they are preferably fans of the club. Otherwise we could see some very messy situations like Tevez.

    Knoblauch

    Number of posts: 576
    Age: 28
    Supports: Sport Lisboa e Benfica
    Favourite Player: Saviola.
    Registration date: 2007-03-01

    Re: Benfica Stars Fund.

    Post by Knoblauch on Thu Feb 25, 2010 1:03 pm

    The individuals are «Benfiquistas», the financial institutions are just after a profit.
    But the rules are well written, and Benfica has everything under it's power, provided they can pay back the percentages.

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