Soccer Invest Fund

Soccer Invest Fund (ISIN: PTMNSIIE0007) is a Portuguese association football private investment fund, the second Portuguese football fund after Benfica Stars Fund relaunched the industry. It is 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] is 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).

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 did not dedicated to one club.[7]

Investments

Date Players Nationality Percentage Price Acquire from Departed date Departed team Departed price (adj.)
ca. July 2011 Moutinho, JoãoJoão Moutinho Portugal 22.5% €2,516,250 "Mamers BV" 3 August 2011 Portugal Porto €4M[8]
ca. July 2011 Moutinho, JoãoJoão Moutinho Portugal 15% €1,677,500[9] "Mamers BV" 30 January 2013 Portugal Porto €3.3M[10]
ca. July 2011 Ukra, Ukra Portugal 15% €300,000 Porto[11] ca. July 2012 ca. €203,750[12]
ca. July 2011 Castro, AndréAndré Castro Portugal 15% €300,000 Porto[11] ca. June 2012
ca. August 2011 Fucile, JorgeJorge Fucile Uruguay 20% €440,000 ? ca. December 2011 Portugal Porto €1M[11]
ca. August 2011 Fucile, JorgeJorge Fucile Uruguay 5% €110,000 ? 2014
ca. August 2011 Iturbe, JuanJuan Iturbe Argentina 11% €1,062,500 Porto[11] 2014
ca. June 2012 Iturbe, JuanJuan Iturbe Argentina 4%
ca. December 2011 Djalma, Djalma Angola 25% €500,000 Porto[11] 2015
ca. July 2012 Silva, EduardoEduardo Silva 10% €101,875[12] 2014
ca. July 2012 Agu, MikelMikel Agu Nigeria 10% €101,875[12] 2015
Total €7,070,000

References

  1. ↑ "Governing Bodies". Sporting CP. ca. November 2011. Archived from the original on 2 November 2011. Retrieved 26 January 2014. Check date values in: |date= (help)
  2. ↑ "F.C. Porto: 4 milhões por 22,5% de Moutinho". Mais Futebol (in Portuguese). 3 August 2011. Retrieved 12 August 2011.
  3. ↑ http://www.mnfcapital.com/pt/page/membros
  4. ↑ https://web.archive.org/web/20110717195857/http://www.mnfactivos.com/pt/page/membros. Archived from the original on July 17, 2011. Retrieved August 12, 2011. Missing or empty |title= (help)
  5. ↑ http://web3.cmvm.pt/sdi2004/fundos/carteiras/fim/dtlcart_fim.cfm?num_fun=%24%23%24WT%23P%20%20%0A&data2=%2A%23D%5BB%23-A%20%281%3C%22Q%40%20%20%0A
  6. ↑ "Relatório e Contas Consolidado 2010/2011 (3º Trimestre)" (PDF). FC Porto (in Portuguese). Retrieved 20 September 2011.
  7. ↑ http://mobile.economico.pt/noticias/gestora-mnf-lanca-fundo-para-apostar-em-jogadores-de-varios-clubes_109695.html
  8. ↑ "COMUNICADO" [Communication] (PDF). FC Porto (in Portuguese). 3 August 2011. Retrieved 12 August 2011.
  9. ↑ http://web3.cmvm.pt/sdi2004/fundos/docs/A102899-FRC0717701293020120630.pdf
  10. ↑ "Comunicado" [Announcement] (PDF) (in Portuguese). FC Porto. 30 January 2013. Retrieved 8 February 2013.
  11. 1 2 3 4 5
  12. 1 2 3 "Relatório e Contas (31.12.2012)" (PDF). Soccer Invest Fund (in Portuguese). CMVM. 28 March 2013. Retrieved 26 January 2014.

External links

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