Hedge Fund Seeks to Raise $500 Million to Invest in Football

Football is continuing to find new ways to attract money, with a London-based hedge fund teaming up with a sports-focused investment bank to create a product that aims to profit from clubs trading players.

Fasanara Capital, which oversees $4 billion of assets, will work with boutique Tifosy Capital & Advisory to lend to clubs, targeting a maximum fund size of $500 million. Investors will be paid back from future income streams, such as player transfers or ticket sales.

Once the playground for high net-worth individuals, sports investing has morphed into its own asset class in recent years, with private ...