Although the main targets are Premier League and European Championship footballers, the new vehicle will also seek to attract elite sportspeople from other sports, such as tennis, and also private investors from the media, reports the Cinco Dias newspaper.
Still without an official name, the new vehicle will have a minimum subscription of 500,000 euros and its main objective is to offer a profitability of 6%. The plan is to reach a total capital of 200 to 300 million euros, as the society wants to leverage all operations using its own funds and the bank debt in equal measure, presupposing thus an investment capacity varying between 400 and 600 million euros.
According to the Spanish daily, up to now the future SOCIMI has already acquired a car park, the branch of a bank and offices in Barcelona, and are finalising the purchase of a hotel.
In geographical terms, the investment plan will focus on the markets of Madrid and Barcelona. “We will focus on business deals up to 20 million euros in value, as it is an area of the market that the large funds do not enter, and, for this reason, there is less competition”, Cinco Dias were informed by sources from Solventis.
The financial group is already following through the marketing process for this investment vehicle, promoting it strongly amongst European and Latin American sportspeople and trainers who have a strong presence in the Spanish market.