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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (37314)	7/19/2008 7:44:09 AM
From: elmatador	Respond to of 217865

“Instead of investing in the stock market or real estate,” Julio Mariz, Traffic’s president, said, “these people are investing in buying the economic rights to football players.” Armed with 20 million reals of their own money (about $12 million) and another 20 million reals they hope to get from investors, Traffic is buying up contracts of young soccer players all over Brazil. They then lend the players to teams, who pay the players a salary and also allow them to showcase their talents. If they are recruited by a big European team, Traffic and its partners reap the largest share of the transfer fee. (The player, as usual, gets any signing bonus, and an often hefty salary.) ... Brazilian clubs embrace the new investor model because the clubs get to raise cash without having to trade their players as quickly or as often. And when they do, inevitably, trade the players, the huge sums, as much as $50 million, guarantee the clubs’ survival. nytimes.com