Football investors are not interested in buying shares in the Proprietatea Fund - financiare.ro
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News » January, 2011 » 25 January 2011

Football investors are not interested in buying shares in the Proprietatea Fund
25.01.2011, 00:00 | Capital Markets | 876 views



Businesspeople that invest in football don't seem to be too interested in the shares of the Proprietatea Fund. Its coming listing on the Bucharest Stock Exchange does not make it any more attractive to the owners of First League football clubs, who seem to be extremely skeptical about its future.

The owner of FC Braşov, Ioan Neculae, which owns the Roman group of companies, says he won't invest any more money in funds: 'I'm not a fan of investment funds. For instance, I lost quite a lot of money on SIF Transilvania, when the stock market fell. I asked some questions just last week, I talked to my broker and I've decided to stay away. It could be just another bubble. I believe in creating value through manufacturing'.

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