Dubai launches football transfer funding website

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Tottenham Hotspur's Welsh midfielder Gareth Bale. (Getty Images)

Tottenham Hotspur's Welsh midfielder Gareth Bale. (Getty Images)

A new crowdfunding website allowing football fans to band together to help finance the transfer of top players to their favourite clubs has been unveiled in Dubai.

BuyMyPlayer is described as a sports fan-funding platform and was activated on Wednesday after a six month pilot scheme. Part of the growing crowdfunding phenomenon, fans can pledge to support a bid to transfer some of the world top players to their favourite clubs.

At present, some of the most popular pledges on the site are to transfer Welsh Tottenham Hotspur midfielder Gareth Bale to Real Madrid, Uruguayan Napoli forward Edinson Cavani to Chelsea and Portuguese Real Madrid forward Cristiano Ronaldo to Manchester United.

Once a pledge becomes popular, the website will approach the suggested club to inform them of the backing for the transfer and fans can then pledge real cash to fund the transfer, using the PayPal payment system.

Once the club’s agreed financial amount is met through pledges, BuyMyPlayer will finalise the transfer with the club and the player involved. If the club’s agreed amount is not met, then the transfer is deemed unsuccessful and users will receive a full refund.

“This is the first time that a fan funding initiative allows football fans to show their support in making their clubs more successful in a way which also compliments their clubs. A lot of clubs fall short of making the necessary transfers due to lack of adequate funding; BuyMyPlayer is a channel these clubs can easily utilise,” Faisal Belhoul, chairman of BuyMyPlayer, said at a press conference.

“I am very proud to be part of this revolutionary platform from the start. This is the first time football fans are truly involved in the transfer process for players to the clubs they have been loyal to since they were kids,” said Dubai-based former Spanish international player Michel Salgado, who was unveiled as the website’s first official brand ambassador.

Arsenal player Bacary Sagna was also present to help launch the website.

BuyMyPlayer currently only caters for football but the team behind the website plan to include additional sports such as basketball, rugby and American football in the near future.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: leo50

great idea. Hope it kicks off.

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Dubai mulls rule change to lure more domiciled funds

Dubai mulls rule change to lure more domiciled funds

Proposed rules would create a new class of funds in the Dubai...

Gulf's rift over Qatar may slow investment, reforms

Gulf's rift over Qatar may slow investment, reforms

Analysts suggest dispute may not hurt immediately but could impact...

Dodgy data obscure reality of Gulf's economic boom

Dodgy data obscure reality of Gulf's economic boom

Economists say that as Gulf opens wider to foreign investment...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams