The detail behind the investment.
Transaction mechanics, portfolio design, research and the questions behind our selection process.
01 /How one loan works
Clubs pay to access contracted income sooner.
One illustrative loan
- What does the portfolio provide?
- €200k for 4 months
Cash to cover the club’s current expenses.
- What repays the loan?
- A €300k sponsorship payment
Already contracted, due in 4 months.
- How does the portfolio earn?
- The club pays a financing charge
The portfolio collects that charge alongside repayment of its €200k.
Illustrative, assuming full, on-time collection. Financing income is before fees, costs and credit losses.
Payment split and assumptions
- Payment collected
- €300,000
- Principal returned to portfolio
- €200,000+ agreed financing charge
- Balance for the club
- €100,000Less the same financing charge
Simplified illustration, not an actual loan or an indication of pricing. Assumes full, on-time collection with no other deductions. The charge is intentionally unspecified; investor distributions follow the vehicle’s terms.
A contract in the public record
€500k per season in a three-season municipal sponsorship. This is a research example, not a Mass Rising borrower or transaction. The underlying source is not linked in this material; the example does not establish eligibility for financing.
What public records can establish
- The payer
- The instrument
- The term
- The headline contract value
What private diligence must establish
- A current signed instrument
- The legal payee
- Performance to date
- Invoice and payment status
- Existing assignments
- Priority and setoff
- The net collectible amount
- Repayment mechanics
02 /The V1 portfolio
How we put your capital to work.
One allocation into a managed portfolio of short-term loans. Each loan has its own payer, payment source and repayment date.
- Target portfolio
- €8m
- Target credits
- 15–25
- Loan duration
- 3–9mo.
- Maximum per club
- ≤10%
Proposed portfolio design · not current holdings
Earn from financing
Clubs pay for earlier access to contracted income. Those financing charges generate portfolio income, before fees, costs and losses.
Spread the exposure
Combine selected credits across Spain, Portugal and LatAm, with a proposed 10% limit per club.
Leave loan selection to us
Mass Rising sources and assesses each credit, then manages it through collection. You participate through one vehicle.
Different clubs. Different repayment dates.
Illustrative mix
SponsorshipSpain4 months
League paymentPortugal6 months- Commercial contractSpain3 months
The aim: spread exposure across clubs, payers and payment dates, rather than rely on a single repayment.
03 /A recurring opportunity
The income is contracted. The bills cannot wait.
TV and sponsorship pay in instalments. Wages, tax and operating costs arrive every month.
One club. One season.
4 payments of €240k. Monthly bills of €70k.
Red marks cash needed to pay the bills, before financing.
Illustrative season · zero opening cash · financing charges not shown
- July: Income 0; Bills €70k; Month-end cash · € thousands: -70 (Before financing charges). Cash runs short. Advanced: €140k.
- August: Income 0; Bills €70k; Month-end cash · € thousands: -140 (Before financing charges). Cash runs short.
- September: Income TV rights €240k; Bills €70k; Month-end cash · € thousands: +30 (Before financing charges). Principal repaid: €140k.
- October: Income 0; Bills €70k; Month-end cash · € thousands: -40 (Before financing charges). Cash runs short. Advanced: €110k.
- November: Income 0; Bills €70k; Month-end cash · € thousands: -110 (Before financing charges). Cash runs short.
- December: Income Sponsorship €240k; Bills €70k; Month-end cash · € thousands: +60 (Before financing charges). Principal repaid: €110k.
- January: Income 0; Bills €70k; Month-end cash · € thousands: -10 (Before financing charges). Cash runs short. Advanced: €80k.
- February: Income 0; Bills €70k; Month-end cash · € thousands: -80 (Before financing charges). Cash runs short.
- March: Income TV rights €240k; Bills €70k; Month-end cash · € thousands: +90 (Before financing charges). Principal repaid: €80k.
- April: Income 0; Bills €70k; Month-end cash · € thousands: +20 (Before financing charges).
- May: Income 0; Bills €70k; Month-end cash · € thousands: -50 (Before financing charges). Cash runs short. Advanced: €50k.
- June: Income Sponsorship €240k; Bills €70k; Month-end cash · € thousands: +120 (Before financing charges). Principal repaid: €50k.
Left unfunded: pressure to borrow at high cost or delay bills.
With Mass Rising
Advance against a verified payment.
Collect repayment and the agreed financing charge when it arrives.
Cash flows and illustration assumptions
Illustration, not a live club or loan offer. Zero opening cash; all receipts and costs occur on schedule. Financing flows show principal only: financing charges reduce cash retained and must be included in a real funding plan. No interest savings or grant eligibility are assumed.
| Month | Income | Bills | Cash | Advanced | Principal repaid | With Mass Rising |
|---|---|---|---|---|---|---|
| Jul | — | −70 | -70 | 140 | — | +70 |
| Aug | — | −70 | -140 | — | — | 0 |
| Sept | 240 | −70 | +30 | — | 140 | +30 |
| Oct | — | −70 | -40 | 110 | — | +70 |
| Nov | — | −70 | -110 | — | — | 0 |
| Dec | 240 | −70 | +60 | — | 110 | +60 |
| Jan | — | −70 | -10 | 80 | — | +70 |
| Feb | — | −70 | -80 | — | — | 0 |
| Mar | 240 | −70 | +90 | — | 80 | +90 |
| Apr | — | −70 | +20 | — | — | +20 |
| May | — | −70 | -50 | 50 | — | 0 |
| Jun | 240 | −70 | +120 | — | 50 | +120 |
If wages, tax or social-security obligations go unpaid, certain federation support payments can be withheld. RFEF’s Programa Futuro makes these payment conditions explicit. RFEF Programa Futuro · §3.4 ↗
Specialist capital is already financing football.
A dedicated fund. An institutional strategy. A growing financing market. Three concrete reference points for the category.
A dedicated football fund
Outfield
R$100MReported fund sizeIts FIDC Futebol was created to advance future club revenues in Brazil.
Read source ↗Institutional participation
Domain Capital
$8.3BFirm-wide assets under managementLaunched a European football-credit strategy focused on transfer and media-rights receivables.
Read source ↗A wider financing market
Fasanara
>€4BEstimated annual financing marketEstimates a sports-financing opportunity spanning receivables, squad-backed facilities and other contracted revenues.
Read source ↗
Different markets and mandates; these are category references, not Mass Rising performance or endorsements.
Our focus: smaller credits in Spain, Portugal and LatAm.
V1 targets €10k–€2m loans against identified club payments — a focused entry point into this broader market.
Research scope
The working research spans clubs, contractual payments and financing windows in Spain and Portugal. Mapped income, potential financing needs and an underwritten loan book describe different stages of the work.
Working origination examples
The amounts below are potential credits sized before diligence. They are not approved loans, commitments or portfolio assets. Timing is from the working pipeline and must be reconfirmed.
Primera Federación
Spain · Sponsorship
- Payment identified
- €620k
- Potential credit
- €275k
- Timing window
- 96 days
Liga 3
Portugal · Public
- Payment identified
- €410k
- Potential credit
- €180k
- Timing window
- 4 mths
Segunda Federación
Spain · League payment
- Payment identified
- €1.1m
- Potential credit
- €450k
- Timing window
- 7 mths
Liga Portugal 2
Portugal · Sponsorship
- Payment identified
- €780k
- Potential credit
- €325k
- Timing window
- 5 mths
04 /Selection & risk
What makes a loan financeable.
Five questions guide the proposed selection process.
The payer
Who owes the money, and can they pay?
The entitlement
Is the payment earned, documented and legally payable?
The claim
What is collectible after other claims and deductions?
The collection
How does the payment reach the portfolio?
The club
Can the club fulfil its obligations until payment?
When repayment falls short
Payer delays, disputes and collection failures can delay distributions or cause losses. Each loan needs a defined monitoring and recovery process.
No live repayment history yet. Capital is at risk.
05 /Practical questions
Questions about the proposed investment
A few details about participating in V1.
How do returns and access to capital work?
Returns come from financing income after fees, costs and credit losses. Review net-return assumptions, fees, minimum allocation, distributions and redemption provisions during diligence; final terms belong in the investment documents. A 3–9 month loan is not a promise of investor liquidity on that schedule.
Who is eligible?
V1 is intended for eligible professional or accredited investors. Eligibility depends on the final vehicle and your jurisdiction, and is confirmed during diligence. An application is not an investment commitment.
Can I choose individual credits?
The proposed V1 model is a pooled portfolio selected by Mass Rising. You can discuss individual-credit interests with the team, but a separate deal-by-deal option is not being offered here.
What reporting will I receive?
Reporting frequency and contents will be set out in the investment documents. The diligence conversation covers loan exposure, repayment progress, payment delays and portfolio costs.
What happens after I apply?
The team reviews fit and eligibility, usually within a working day. Qualified applicants receive the V1 brief and a founder conversation, followed by diligence before any allocation or commitment.
The founding investor group
Explore the first portfolio with us.
Get closer to the opportunities, the proposed structure and the people doing the work.
Apply for V1 accessAbout two minutes · no commitment
Inside the investor conversation
- Portfolio approach & opportunities
- Transaction mechanics & risks
- Proposed structure & next steps
Introduce yourself
Your investment profile and how to reach you.
Review the materials
Qualified applicants receive the V1 portfolio brief.
Meet the founders
Discuss the opportunity, then continue into diligence.