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May 23, 2023

XXI Century Capital’s New Football Fund

An investment company sets up an exclusive fund for European football

XXI Century Capital, the investment company founded by Thomas Zilliacus' Mobile FutureWorks Group, has announced its latest venture—a multibillion-dollar fund focused exclusively on football investments in Europe. The newly formed subsidiary, XXI Century Football Capital (XXICFC), will be registered in Singapore and headquartered in Milan, Italy. To ensure unparalleled insights into the best investment opportunities, XXICFC has assembled a high-powered advisory board composed of renowned figures from the global football community.

Thomas Zilliacus, President of XXI Century Capital, expressed the company's rationale for focusing on European football investments. "In March, we made a serious bid to acquire Manchester United. However, the selling process has not unfolded as expected. As a profit-oriented investment company, we meticulously evaluate assets before making investments that align with our return targets. Given the current price levels discussed for Manchester United, it no longer meets our criteria". Zilliacus added, "We have now shifted our attention to other prominent clubs, primarily in continental Europe, that show strong potential for delivering superior returns to investors. We are optimistic about the value we find in certain markets and believe we can invest in clubs that offer remarkable returns while providing fans with exceptional entertainment".

The company's vision is to create a lasting impact on European football by nurturing clubs that thrive both financially and in terms of fan engagement. In line with their commitment to engaging fans, XXICFC aims to establish long-lasting football clubs that compete in the final stages of the Champions League. They plan to offer fans the opportunity to become owners of the clubs through special purpose vehicles (SPVs). These fan-owned companies will have a significant role in decision-making processes, fostering a sense of ownership and involvement, thus completely altering the experience of live sporting events.

Kriti Swarup
Kriti Swarup
Content Writer at TechNews180
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