Ricardo Guimarães Helps Brazilian Athletes Through BMG Funding

 

Football is a huge sport in Brazil, which is why the BMG Bank goes above and beyond to help their investors. This bank has already made a name for them by utilizing the countries payroll loan model, but they are still branching out into other sorts of investment. It began back in 2008; Mining Bank was the one who made the first investments in the football players. BMG saw that it was a good source of interments, and soon they joined the ranks. Their president, Ricardo Guimarães, ensured that he could help those who didn’t have the best economic rights as players. He looked to those in the Brazilian Championships and wanted to help at least five teams in the initial division. The goal was to give them a sponsorship contract.

In 2009, investment funds were created as part of the fund shares. More than 50 athletes profited from this venture. It was over $50 million in equity. Many of the characteristics that have been included have increased the relationship of BMG and the various Brazilian sports clubs. The process is really interesting. First, the bank loans money to the individual football teams. The teams often need cash to cover their massive expenses. If and when the team has a hard time repaying the loan they have, BMG rescues their loan. They will take a piece of the athletes’ interest. The basically own the rights to these players. When the players go to on the auctioning block, the bank will get the money they gave them for the loan from the player’s sales.

Most sports teams have capital, but very few have cash. They see it as a win-win situation when they enter into an agreement with BMG. Since this bank is in the football business, they know all about the associations. Though they are very silent about which partnerships they own interest in, Bench Press does know about these relations. Ricardo Guimarães is the president and CEO of BMG. He has made no formal statement to the press regarding his support of athletes. The relationship between the bank and BMG’s football investments were verified by Hyssa Moises. While Moises is not an employee of the bank at this time, he knows that the fund’s advisor has no authority to disclose the players’ names; the legal department is the only ones that could do such a thing.

Brazilian football has BMG on their side, but they are just one of many investors. BMG is interested in various sports to diversify their assets.