Marc Patrick Schneider und Simon Karlin zu alternativen Clubfinanzierungsmodellen vs. Third Party Ownership
Alternative club financing models VERSUS third party ownership regulations
How can you engage investors for the benefit of capital-seeking clubs in a profitable way? Which legal boundaries exist in particular in acquiring and possessing economic third party rights of single players?
I. Introduction – Club financing and investment in professional football
Funding of capital by using corporate finance is currently all over the place. In times of advanced internationalization and commercialization of sports general classic bank financing is no longer the favorite choice. Rights distribution and conventional sponsoring as the clubs day to day business are no longer sufficient. Consequently, the club’s officials (are forced to) discover new paths of financing. The up-coming instruments are in particular the issuance of bonds, but also asset backed securities and private equity deals. Further on the focus shifts to the player as an investment – in Germany and abroad.