We would like to share the latest monthly performance fact sheet for the Football Finance Note (attached).
Having just returned from London, I am pleased to report a real buzz amongst the big Clubs, during this years EPL ‘Summer Transfer Window.’
The final week of July should produce frenzy of deals, before the window slams shut until January 2018. FFN hopes to participate in this deal flow.
For your convenience, I have summarised the commentary for the month of June below:
June saw the NAV rise to 1029 after last month’s cash distribution was paid out to all FFN investors, for partial year 2016. AUM remains at US$56m across all currency classes, with the USD class now at ~93% fully invested. I met with our partners in London, as well as the funds new Non-Executive Chairman, Lord Michael Grade. Lord Grade is very well placed to take FFN to the next level, given his high level contacts and relationships in both the TV and Football world. During our meeting, we discussed the new FCA regulated fund structure, an EPL requirement from next year, and the tremendous opportunity to invest in other sports, with attractive margins and equally secure income streams. Once the new fund structure for FFN has been finalised, I will be reaching out personally to all FFN investors to discuss.
I also had the opportunity to visit my old stomping ground in the Channel Islands, Jersey. A remarkable island producing outstanding business and very keen to partner with Asia. My old colleagues were kind enough to introduce me to their network of Trust Companies, Asset Managers, Banks and Family Offices. Lots of Football business was discussed and I look forward to developing FFN with a number of firms across Jersey, Guernsey and the Isle of Man.
Chelsea FC will be visiting Singapore during the last week of July and will be playing both Bayern Munich and Inter Milan at the National Stadium. I will be hosting our investors at the Inter Milan game and look forward to a good match in preparation for kick-off of the new EPL season on 12th August.
You can now follow FFN on Facebook, Linkedin and even our Whatsapp chat group. We look forward to hearing from you.
With Best Regards,