The American businessman, John Textor, says he is studying the IPO of the company that manages the Brazilian club Botafogo and the Crystal Palace, from England.
In an interview with the program CNN Soft Businesswhich airs this Thursday (3) at 10:30 pm, he talks about the public offering of shares (IPO) in the United States as a way of attracting funds for sports and, in particular, for football clubs that it’s in front.
For Textor, the amount being invested in Botafogo may increase with the entry into the capital market.
“People are impressed with the amount of money being allocated to help Botafogo. But that’s the smallest percentage of the money available to this team, if we access the capital market, and if we can actually bring that capital into new stadium and gym facilities, for example. I believe it is a new opportunity for football”, he says.
The businessman also says that the possibility for the public to buy shares increases the “feeling of ownership of the fans of the teams”. “Passionate fans can own a team,” he says.
In Brazil, despite the millionaire transactions involving teams and players, many clubs are systematically in the red. The 15 largest Brazilians owe, together, R$ 10 billion, double what they collect.
the episode of CNN Soft Business explains, starting at 10:30 pm, everything about the SAF (Soccer Anonymous Society) Law, which facilitates the transformation of clubs into companies — a process that Botafogo, bought by Textor, and Cruzeiro, acquired by the former, recently went through. -player and businessman Ronaldo Nazário.
Source: CNN Brasil
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