The soccer teams, in addition to moving astronomical figures in the negotiations of their players, also invest in the stock market. Find out here which Latin American teams do it
It is no secret to anyone that the soccer world not only moves masses but also millions of dollars. However, the profits go beyond the purchase and sale of players, or the money behind the ticket offices and the prizes. Currently, the stock market has become an ally to add any number of zeros in their accounts.
Leer en español: Estos son los equipos de fútbol que cotizan millones en la bolsa
The first team in the soccer world which has reference to start trading on the stock market was Tottenham in 1983, but the desire reached it until 2012 when it stopped doing it, despite the fact that great teams from Holland, Denmark, France, Italy, and Turkey joined, among others.
This 'trend' for making money through this modality has been replicated in South America by clubs such as Colo-Colo from Chile, Estudiantes de la Plata, Boca Juniors and Vélez Sarsfield from Argentina and Libertad from Paraguay, to name a few.
Latin American soccer teams in the stock market: the winners and losers
But how has the performance of the teams in the region in this area? The 'soccer stock' in Latin America has left winners and losers in every movement of the stock market product of various actions, such as the location of teams in the positions table, the negotiations of players or their presence in international events.
You can also read: Do you know which are the most expensive players in Latin America's football leagues?
According to the virtual investment magazine Apertura, Colo-Colo from Chile debuted in this field in 2005, while its 'archrival', the University of Chile, decided to invest in the stock market in 2008. The 'classic' in the stock market, during the 2017 Clausura Tournament, left a fall of 5.88 percent of the value of the shares of Blanco y Negro SA, due to the loss of the leadership in the positions table.
In the same period, Azul Azul appreciated 10 percent, thanks to its results. For its part, another 'big' team from Chile, the Catholic University, which entered the market in 2009, raised about 25 million dollars thanks to its administrator: Cruzados SADP.
The other side of the coin is lived in Argentine soccer as a result of the highs and lows of its economy, added to the fact that clubs are legally structured as civil associations, so they cannot sell their shares. However, this was not an impediment for some cast to be seduced by the stock market in the last two decades with the Buenos Aires Stock Exchange.
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This was the case of the 'Xeneizes' that, in the hands of the current Argentine president Mauricio Macri who at that time was serving as president of Boca, received 14 million dollars for the purchase of players. This thanks to the common investment fund that lasted about six years.
For their part, Vélez and Estudiantes de La Plata requested the payment of deferred payment checks, a key element when it comes to going public. Other movements that leave some profits to Latin American teams is the online investment, such as InvertirOnline, one of the main institutions in Latin America.
Since 2000, it has been operating in Argentina, Uruguay, Colombia, the United States and Chile, with 300,000 people registered on its website; and it borders the 400 thousand operations of purchase of shares, vouchers, and different investment funds through the Internet, which confirms that the soccer business is inside and outside the court.
LatinAmerican Post | Jorge Hernández
Translated from "Estos son los equipos de fútbol que cotizan millones en la bolsa"
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