Investors Take Stakes in Up to 1,100 Soccer Players, KPMG Says http://t.co/bAZbewwziI via @BloombergNews
Investors Take Stakes in Up to 1,100 Soccer Players, KPMG Says
Investors have acquired stakes in the transfer rights of as many as 1,100 soccer players in Europe from cash-strapped teams, according to a report by auditor KPMG Europe LLP’s Spanish unit. Champions League squads Atletico Madrid and Porto are among those that have turned to selling stakes in team members to raise finance as an alternative to bank loans.