Legia launches €2m investment fund to finance new transfers

Dariusz Mioduski

By Jaroslaw Adamowski
January 28 – Legia Warsaw has collected €2 million from a group of investors with the aim of financing new transfers in the current window. The Polish club aims to repay its investors with the profits which are to be generated once the footballers are transferred to other clubs, according to Dariusz Mioduski (pictured), the majority shareholder of Legia Warsaw.

“We want to use tools which will enable us to develop the club, but without taking risky actions and letting external investors in,” Mioduski told local news site Sport.pl.

“Given what standards we currently have in Poland, the fund can be considered an innovative tool. We want to be the leaders in every possible way, and perhaps other Polish clubs will benefit from this experience as well.”

The businessman, who became Legia’s majority shareholder in early 2014, said that the interest rate on funds allocated to the financial scheme will be higher than the rates which are currently offered by Polish banks to owners of savings accounts.

“The money from the fund will be spent on acquiring several footballers,” Mioduski said. “We believe that even if some of them will not [be good investments], others will, and the final outcome will be positive.”

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