Although it may seem novel to the general public, the phenomenon of investment funds in the world of football It has been operating for many years now. It was born in Latin America, mainly in Argentina, Brazil, Mexico and Uruguay, although in a more rudimentary version in which the place of investment funds was occupied by "companies" and has gone from being a growing phenomenon to becoming a real problem for FIFA, UEFA and the various national associations. They verify with concern how the control that the national associations exercised in a well-known way in the matter of transfers begins to be diluted and complicated by the appearance of new (financial) actors who demand prominence and singing voice.

These investment funds are nothing more than financial organizations that in one way or another are linked to investment banks, normally and their objective is to obtain capital gains at the time of the transfer of a player in which they have invested money in exchange for a participation in the federative rights of the same. It is a risky business, for the future that does not always end well, so all the necessary "precautions" are taken to reduce those risks and that is where things really start to get difficult, because each member of the chain defends his plot as a belly-up cat, usually at the cost of seeking the greatest capacity for influence and decision and placing himself in the “pole position”For when the expected moment arrives.

These funds are created to attract future figures in countries with soccer markets for export and they seek to “protect, protect and“ sustain ”the players They go to cracks and to clubs that cannot pay what they offer from Europe, for example. In a first stage, the fund is well received because it injects the necessary money for the player to calm down and live well while acquiring prestige and notoriety and the club can have a project of figure that otherwise could not sustain or maintain. The problems usually come when the long-awaited millionaire transfer to Europe knocks on the door. Although everything is written, as it is a negotiation with several bands, each one seeks to bring the ember to the sardine of their interest with all kinds of maneuvers, pressures and influences.

FIFA and especially UEFA do not look favorably on this type of practice because they understand that it takes away financial control in the clubs and does not allow them to set limits on management and levels of indebtedness that they consider reasonable. The truth is that he is not without reason. Between this and the clubs bought and managed by tycoons with fortunes of doubtful or illicit origin, they have a task ahead of them and it will not be easy for things to be done the way these international organizations want. Of course, everything can get much more complicated if we pay attention to aspects such as that we can add that, sometimes, the advisers and partners of the fund are superagents of the players that it manages or former directors of large clubs with interests in all plots or that the aforementioned funds operate from tax havens or from the city of London itself, although sometimes it seems that there is not much difference ... Yes, it is to worry, because football needs transparency, exemplarity, professionalism and preparation for the best and most effective management possible and these operations cast shadows, doubts and mistrust on the international football scene.

Much more even if we have as a sample the button of the NEYMAR case, all against all to the court or we see FALCAO in a difficult race to understand from the football point of view or if we check the kangaroo jumps in the stratospheric race of JAMES, etc, etc. Of course, to be objective, it should not be forgotten that the AT. MADRID was able to enjoy the aforementioned Colombian striker and other players thanks to these funds or that there are teams in our league that are in the first division thanks to these operations or that the greats of Portuguese football survive and do excellent business based on these practices for a long time. . There are those who think that they help balance the competition and stand up to the greats, but it seems to me that the matter has more shadows than lights and the consequences are usually devastating when they are discovered after a while.

The solution that funds have the ability to decide only financially and not sports is an illusion that I do not think will materialize. How and who are they going to tell the managers of the investment fund that same thing if he is the one who puts in the money, sometimes even pays the player, finances the club or gives the player on duty, in an operation similar to what it would be a finance lease? As we know it, the issue is difficult to solve. It is a remedy for teams that do not have money, that are deeply in debt or want to earn money with "atypical" operations, something that they hardly achieve. The great president of Real Madrid, Mr. Santiago Bernabeu said decades ago "if football were a business, the banks would be in it for many years." It continues to be the case, because this fund is not exactly "good" banking, but investment banking and "very financial" and we all know where that way of doing things has led us. More austerity, more quarry, more patience and professionalism, more training and rigor and we would avoid many of the funds, for sure.

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