One of the opportunities we see to generate returns in the current low interest rate environment is through direct lending. With perfect timing for the 2016 European Cup, Jean-Yves Chereau discusses the compelling opportunity we see in his insight piece Football Finance: An Attractive Alternative Investment Opportunity.
Some people believe football is a matter of life and death. I am very disappointed
with that attitude. I can assure you it is much, much more important than that.
Bill Shankly, Liverpool manager 1959-74
Football and finance are two words that do not usually go together – certainly not for investors like us looking to preserve and increase wealth over the long-term. Yet the particular structure and challenges of the football industry have yielded an opportunity for highly secured direct lending to football clubs that has become an attractive source of uncorrelated, low-risk, fixed income returns to us. The UEFA Euro Cup 2016 has just started and football is on the front page of every paper. Let us make an investment case.