Menu
Finance

Investment Fund Doyen Sports Looking To Invest $273M in Premier League

Doyen Sports, an investment fund that "finances player purchases" for football clubs, wants to expand into the Premier League, according to Tariq Panja of BLOOMBERG. Nelio Lucas, the 35-year-old CEO of Doyen Group's Malta-registered subsidiary, said that Doyen is looking to invest $273M after profiting from its first €100M ($137M) venture. Lucas declined to "identify the central European businessmen who are backing the fund." Doyen lends cash to clubs to sign players, and "expects to be repaid in three years." The teams can "keep the players and repay the debt, or sell the athletes, returning the loan money and a share of any profit from the transfer to Doyen." Lucas said that the setup does not "breach a Premier League ban on funds owning stakes in the economic rights of athletes." Lucas: "We can operate with this model in the Premier League and we're preparing a version of this model especially for the U.K. I'm sure the Premier League sees us with good eyes." While Premier League officials wouldn't comment on Doyen's plans, they said that rules ban "so-called third-party ownership." Doyen said that it "loans money and isn't involved in such ownership" (BLOOMBERG, 5/16).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2014/05/19/Finance/Doyen.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2014/05/19/Finance/Doyen.aspx

CLOSE