Also known as coupon, it refers to the annual variable interest paid to investors by the Issuer as a remuneration for the investment made in the Bond issue.

Investments’ value

Current value of the Bonds held in the Portfolio valued at Market Price.

Initial Player Value

Estimated value of the Player at the date of issue by applying the Algorithm. In the event of sale of the player before the expiry of the Bond, the Initial Player Value will be compared to the transfer price of the player. Should the latter be higher than the initial value, the club will generate a capital gain and the bondholders’ bonus will materialize.


The company that issues the Bonds and receives the financing from the investors. The Issuer can be the Club itself or one of its subsidiaries.