Benfica Stars Fund
Encyclopedia
Benfica Stars Fund is a football investment fund. It was set up by "ESAF – Espírito Santo Fundos de Investimento Mobiliário S.A.
" in 2009. At first the fund had 8,000,000 unit with €5 each.
s in 2000s. Moreover, S.L. Benfica is the last Portuguese big-three which set-up a investment fund. The team sold part of economic rights of 12 players to the fund, in exchange for cash. If Benfica sold the players, Benfica would gave back a percentage of transfer fees received to the fund. In October 2009, SL Benfica invested €6m to the fund, accounted for 15% of total units. The club then sold more players to the fund, made the subscription in turn became a injection of asset instead of cash.
After the sale of David Luiz
in January and Fábio Coentrão
in summer 2011, the fund acquired 5 players from Benfica instead of keeping cash for €6.135 million.
As an asset, the rights were amortized proportionally according to the length of contract (between players and club). Moreover, the fund also bore the admission fee related to player transaction, tax arose, agent fee and FIFA solidarity mechanism (5% of transfer fee, distribute to youth clubs) proportionality to the ownership ratio. Thus, to make the fund profitable, the club had to sell the player above the fee that the fund acquired. The Club had to ask the fund if the club had to sell the player below the reference price of the fund.
Espírito Santo Financial Group
The Espírito Santo Financial Group is a portuguese holding company with headquarters in Luxembourg, founded in 1984. The group represents the interests of the Portuguese Espirito Santo Group, which has major investments in Portugal and Europe, Americas, Africa and Asia.The company is listed on the...
" in 2009. At first the fund had 8,000,000 unit with €5 each.
History
Benfica Stars Fund is the fourth investment fund of Portuguese football, after First Portuguese Football Players FundFirst Portuguese Football Players Fund
First Portuguese Football Players Fund was a investment fund dedicated for football. Unlike Serie A and Premier League, third-party ownership is allowed in Portugal. Clubs sold part of the economic rights of their current players to the fund for cash to re-invest on new signing. Clubs also...
s in 2000s. Moreover, S.L. Benfica is the last Portuguese big-three which set-up a investment fund. The team sold part of economic rights of 12 players to the fund, in exchange for cash. If Benfica sold the players, Benfica would gave back a percentage of transfer fees received to the fund. In October 2009, SL Benfica invested €6m to the fund, accounted for 15% of total units. The club then sold more players to the fund, made the subscription in turn became a injection of asset instead of cash.
After the sale of David Luiz
David Luiz
David Luiz Moreira Marinho , known as David Luiz, is a Brazilian footballer who plays for Chelsea in the Premier League...
in January and Fábio Coentrão
Fábio Coentrão
Fábio Alexandre da Silva Coentrão is a Portuguese footballer who plays for Real Madrid in Spain, and the Portuguese national team.Mainly a left back, he can also operate as a left winger, and occasionally as a central midfielder....
in summer 2011, the fund acquired 5 players from Benfica instead of keeping cash for €6.135 million.
As an asset, the rights were amortized proportionally according to the length of contract (between players and club). Moreover, the fund also bore the admission fee related to player transaction, tax arose, agent fee and FIFA solidarity mechanism (5% of transfer fee, distribute to youth clubs) proportionality to the ownership ratio. Thus, to make the fund profitable, the club had to sell the player above the fee that the fund acquired. The Club had to ask the fund if the club had to sell the player below the reference price of the fund.
Investments
| Date | Players | Nationality | Percentage | Price | Departed date | Departed team | Departed revenue (adj.) |
|---|---|---|---|---|---|---|---|
| Brazil | 25% | €4.5M |  Kingdom of England ChelseaChelsea F.C. Chelsea Football Club are an English football club based in West London. Founded in 1905, they play in the Premier League and have spent most of their history in the top tier of English football. Chelsea have been English champions four times, FA Cup winners six times and League Cup winners four... |
€6.25M + €0.5M (value of Matić Nemanja Matic Nemanja Matić is a Serbian footballer who currently plays as a midfielder for Benfica. He also has 2 caps for the Serbian national side.-Career:... ) |
|||
| Portugal | 50% | €1.5M | in current squad | ||||
| Portugal | 25% | €0.375M | in current squad | ||||
| Argentina | 20% | €4.4M |  Real MadridReal Madrid C.F. Real Madrid Club de Fútbol , commonly known as Real Madrid, is a professional football club based in Madrid, Spain. The club have won a record 31 La Liga titles, the Primera División of the Liga de Fútbol Profesional , 18 Copas del Rey, 8 Spanish Super Cups, 1 Copa Eva Duarte and 1 Copa de la... |
€5.0M + Bonus | |||
| Spain | 20% | €3.4M | in current squad | ||||
| Portugal | 25% | €2.0M | in current squad | ||||
| Portugal | 25% | €2.0M | in current squad | ||||
| Portugal | 25% | €0.375M | in current squad | ||||
| Argentina | 40% | €1.4M | in current squad | ||||
| Uruguay | 20% | €1.2M | in current squad | ||||
| Portugal | 25% | €0.5M | in current squad | ||||
| Ghana | 25% | €0.375M | in current squad | ||||
| Paraguay | 20% | €4.0M | in current squad | ||||
| Portugal | 20% | €3.0M | Real Madrid Real Madrid C.F. Real Madrid Club de Fútbol , commonly known as Real Madrid, is a professional football club based in Madrid, Spain. The club have won a record 31 La Liga titles, the Primera División of the Liga de Fútbol Profesional , 18 Copas del Rey, 8 Spanish Super Cups, 1 Copa Eva Duarte and 1 Copa de la... |
€6.0M | |||
| Brazil | 30% | €1.5M | in current squad | ||||
| Algeria | 20% | €0.4M | Fulham Fulham F.C. Fulham Football Club is a professional English Premier League club based in southwest London Fulham, in the London Borough of Hammersmith and Fulham. Founded in 1879, they play in the Premier League, their 11th current season... |
~€0.511M | |||
| Uruguay | 30% | €1.35M | in current squad | ||||
| Brazil | 40% | €3.0M | in current squad | ||||
| Brazil | 50% | €3.0M | in current squad | ||||
| Brazil | 15% | €1.035M | in current squad | ||||
| Argentina | 10% | €0.6M | in current squad | ||||
| Argentina | 20% | €2.025M | in current squad | ||||
| Argentina | 10% | €1.175M | in current squad | ||||
| Spain | 20% | €1.3M | in current squad | ||||