Italian Aristocrat’s Fund Sues After Soccer Investment Flops
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Global Eleven, a soccer investment fund whose backers include the son of an Italian count, sued Swiss sports marketer Kentaro, saying it failed to return profits from matches played by five-time world champion Brazil.
“The company is currently in litigation with Kentaro for breach of contract and for non-payment of amounts due and ongoing under those contracts,” Global Eleven’s administrator Nick Hoskins, a lawyer with Bermuda-based Wakefield Quin, said in an e-mailed statement. “Until this matter is resolved, it isn’t possible to comment any further.”