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Thursday, July 06, 2006
Hedge Funds Investing in "Athlete Futures"

At the Sports Economist blog, Skip Sauer has some interesting thoughts stimulated by a Wall Street Journal article about a European hedge fund that invests in "transfer rights" for young, potentially undiscovered soccer players. The fund profits when athletes' contracts are bought by more prominent, weathly franchises.


I think this is a very interesting subject, especially because it is unlike anything in America. We do not "buy" athletes as they do in Europe. Instead, we "try" to give education to our children. As we know, that changes with money; e.g. Mayo and his teammate.

The investment of a young soccer (football) player is a wise investment. It is shameful that some cultures resort to this at such a young age.

However, the passion of european and south american countries revolve around this idea, that players are part of their country and develop at a young age.

This is a passion that is not found in United States soccer. Soccer in the United States needs to chage its identity. We need to have players who will die for their country and grow as a professional at an early age. Too many soccer players in this country are from yuppy households who only look to get a college scholarship.

If that is the case, US will never be a power in soccer b/c that is too late in the development of a player. The US has to start developing players at a younger age like in Europe (12-14 years old). I do not agree with putting a "stake" or "investment" in them like Europe, but it is a more professional, pressured environment.

Until that point, or something similar we will be a 2nd tier soccer nation.

Also, this idea of buying and selling young talent will never happen in the US - it is a completely foreign concept.

Anonymous Anonymous -- 7/12/2006 10:01 PM  

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