Banca System Pioneers Football Securitization in Italy
Banca System’s Innovative Move Strengthens Entertainment Finance
Banca System has made history by orchestrating Italy’s first-ever football credit securitization, marking a significant stride in the country’s sports financing landscape.
Operation Details: Purchasing Credits for €1.2 Billion
“In this transaction, Banca System served as the arranger and senior underwriter, structuring and coordinating an innovative securitization of credits originating from professional football clubs worldwide,” as per a release.
The securitization was facilitated through the establishment of a special-purpose vehicle, ElevenPoint Sports, which bought approximately €1.2 billion in credits stemming from footballer transfers, audiovisual rights, and relegation compensation.
Expanding Banca System’s Business Model
This securitization is part of Banca System’s expansion strategy in the non-traditional asset class segment, aligning with their Strategic Plan 2024-26 and representing their originate-to-share model.
Banca System’s Factor division will expand its international presence in the entertainment sector, bolstered by a strategic partnership with global investors specializing in sports and entertainment.
Focus on High-Potential Segments
Simone Russa, Structured Solutions of Banca System
