Press announcement

The press has reported the setting-up, in August, of a new investment fund, aiming at investing in football players, has been set up. Sporting Portugal Fund will invest in Sporting SAD's players. Its initial capital amounts to 15 million Euros and has been totally subscribed for.

Vieira de Almeida & Associados (VdA) provided legal assistance to the fund manager in the setting up of the Sporting Portugal Fund. The lawyers involved were Pedro Simões Coelho, a partner in the Banking & Finance practice group, responsible for the collective investment schemes area, together with Orlando Vogler Guiné and Pedro Bizarro.

This transaction follows VdA's former assistance in setting up the first ever Portuguese domiciled investment fund named Benfica Stars Fund - Fundo Especial de Investimento Mobiliário Fechado, aiming at investing in Benfica SAD' players, which was a flagship transaction.