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Institutional · July 2026
Global
Club
Credit.
The money clubs have already earned — advanced today by the fans who fill the stadium. Issued with Securitize, sold at retail through regulated rails, lived on Socios.com.
Programme
Global Club Credit
Instrument
Tokenized receivables notes · RWA
Issuance
Securitize · Official Partner
Rails
Chiliz Chain · Socios.com
Status
Institutional overview — not an offer
Socios.com — Global Club CreditInstitutional · 02 / 13
Why now

Football already runs on credit. The rails to retail it just went live.

$31B
Real-world assets live on-chain as of Q1 2026 — up ~35% in a single quarter
No.1
Private credit — the largest tokenized asset class of all, ahead of US Treasuries
Jul 2026
Securitize lists on the NYSE and tokenizes $295M of its own shares on day one
£3B+
Future transfer installments owed to Premier League clubs alone — paper banks discount every week
Clubs already borrow against everything they are owed — transfer installments, broadcast money, prize money. But the lenders are banks and specialist funds, and the fans never see the paper. Every rail needed to change that — issuance, settlement, distribution, regulation — is now live, licensed and proven at scale. Credit is the biggest lane in tokenization. Football is the biggest fandom on earth. Nobody has connected them.
RWA market data, Q1 2026 (Securitize Form 425 / SEC) · tokenized private-credit data, 2026 · Securitize NYSE listing, 2 Jul 2026 · Premier League transfer-installment data, Feb 2025
Socios.com — Global Club CreditInstitutional · 03 / 13
The asset

A club is a portfolio of contracted cash flows. Most of it hasn't been paid yet.

What a club is owed
Prize moneyUEFA distributes €3.3B every season across its club competitions — published schedules, single obligor, paid in euros
TransfersFees are paid in installments over years — £3B+ outstanding in the Premier League alone, owed club-to-club under FIFA-enforced contracts
Media rightsLeague and broadcast distributions — the collateral behind Serie A's €415M MediaCo bond market
SponsorshipMulti-year contracted fees from global brands — front-of-shirt to sleeve to training kit
Why it finances well
ContractedSigned obligations with payment schedules — not projections, not ticket forecasts
EnforcedFIFA's overdue-payables regime and registration bans make football debts unusually well-behaved
Hard currencyUEFA pays in euros wherever the club plays — natural protection for clubs in soft-currency leagues
Self-liquidating12–36 month tenors that pay themselves down — and every new season writes a fresh book
A pilot pool takes only the cleanest paper: competition prize money and transfer installments — short, euro-denominated, and owed by the strongest obligors in the sport.
UEFA 2024–27 club-competition distributions (€2.47B UCL · €565M UEL · €285M UECL per season) · Premier League transfer-installment data, Feb 2025 · Inter Media & Communication notes (2022)
Socios.com — Global Club CreditInstitutional · 04 / 13
The gap

Football borrows.
Banks earn.
Fans watch.

A
Clubs already factor everything
Transfer installments, broadcast distributions, prize money — advanced by specialist banks as routine treasury practice, season after season.
B
The buyer list is closed
Bilateral bank facilities and 144A bonds — minimum tickets in the millions. There is no fan-sized door into the club's paper.
C
Fans are the natural lender
The most loyal capital a club will ever have — on-platform, KYC-verified, in 100+ countries. Today the spread on their club's paper is earned by someone else.
Future transfer installments owed to Premier League clubs alone
£3B+
Club paper the average fan can hold
€0
Banks discount this paper every week of the season. Global Club Credit opens a second door — the club's own receivables, in fan-sized notes, priced like a shirt.
Socios.com — Global Club CreditInstitutional · 05 / 13
The model
The club's own receivables.
Advanced by its own fans.
Not equity
Nothing leaves the cap table. No valuation debate, no governance question, no dilution — the fastest yes in football finance.
Not a Fan Token™
Fan Tokens™ are engagement. This is a fixed-income security — coupons, a maturity date, regulated custody.
Not new leverage
Not another loan stacked on the balance sheet — a true sale of money already earned, with obligors paying the vehicle directly.
Equity opens the cap table. Credit opens the treasury.
The second product on the Global Fan Equity rails — same SPV discipline, same issuance partner, same retail bundle · works for every club with contracted receivables, which is every club
Socios.com — Global Club CreditInstitutional · 06 / 13
Structure — one deal, seven flows

How the money moves. €10M, illustrative.

RETAIL Fans & diaspora KYC-verified on Socios.com 100+ countries · packs from €99 BACKSTOP Institutional anchor Chiliz Group network — underwrites THE ENGINE Receivables SPV bankruptcy-remote · one class of notes COLLECTION WATERFALL 1 servicing & fees 2 reserve account 3 coupons + principal 4 residual → club issued with Securitize · ERC-3643 ORIGINATOR The club keeps 100% of its equity — no dilution, no new leverage WHO PAYS The obligors UEFA · buying clubs · sponsors — owe the club under contract 1 assigns €10M true sale 2 fund the notes 3 backstop · sell-out 4 advance ≈ €8.5M day one 5 pay €10M as it falls due 6 coupons + principal 7 season perks — delivered on Socios.com, re-charged every year OBLIGORS PAY THE SPV — NEVER THE CLUB
Cash Legal · assignment Perks · engagement
Illustrative pilot — €10M face of prize-money + transfer receivables · advance ≈ 85% of face · tenor 12–36 months · FIFA Art. 18ter compliant · not an offer
Socios.com — Global Club CreditInstitutional · 07 / 13
Protections

Engineered like a bond. Guarded like one.

True saleReceivables leave the club by perfected assignment into a bankruptcy-remote SPV — the fan's claim survives anything that happens at the clubDay one
Overcollateralisation€10M of face buys a ≈€8.5M advance — the buffer absorbs slippage before any noteholder feels it≈15%
Reserve accountFirst collections fund a coupon reserve before anything else moves in the waterfallStep 2
Direct payObligors pay the SPV's account, never the club's — central distributions by competition bodies make this native to footballNative
UnderwrittenChiliz Group's institutional network backstops every raise at the underwriting level — the round closes, without a junior trancheSell-out
One class of notesNo tranching — the instrument travels as a plain note, not a securitisation position, keeping the EU retail door open by designRetail-clean
Permissioned transfersERC-3643 on Chiliz Chain — KYC'd wallets only, jurisdiction rules enforced at the token layer, 24/7 regulated secondaryOn-chain
FIFA Art. 18terClub-level receivables only — never player economic rights. The third-party-ownership ban stays untouchedCompliant
EU Securitisation Reg. 2017/2402 Art. 3 restricts retail sale of tranched positions — the single-class structure is deliberate · final structuring per counsel in each market · FIFA RSTP Art. 18ter (2015)
Socios.com — Global Club CreditInstitutional · 08 / 13
Official partner — Securitize

The issuance rail
is signed.

Chiliz has signed Securitize as the official issuance partner of the programme. The platform that carries BlackRock's credit on-chain now carries football's.
Register
SEC-registered transfer agent — the noteholder register lives on-chain; coupons flow to holders as scheduled
Markets
Broker-dealer + ATS — a regulated primary raise and a regulated secondary market, in one stack
Scale
$4B+ tokenized under management — the largest RWA issuance platform, trusted by BlackRock, Apollo and KKR
×
Official partnership · 2026Issuance · Transfer agency · Markets
Public-markets grade — proven on itself
2 Jul 2026Lists on the NYSE as SECZ at a $1.25B valuation — a $400M raise via Cantor Equity Partners II
Same dayTokenizes $295M of its own shares — the first US company to list and tokenize its stock at once
BUIDLBlackRock's ~$3B tokenized fund — the largest on-chain fund in the world — runs on Securitize rails
Every Club Credit series ships on public-markets-grade rails from day one — the registry, custody and compliance stack Wall Street already trusts with its credit.
Securitize · NYSE listing 2 Jul 2026 (SECZ) · SEC filings · BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
Socios.com — Global Club CreditInstitutional · 09 / 13
The retail bundle — business model
Fans buy the pack. The premium is the business.
One retail product: a yield note on the club's receivables, a season of benefits on top — coupon 6–8% illustrative, premium re-charged every season. Illustrative shelf:
Fan€99
€74
Note · Series 26/27
€25
Season
Members' content · club ballots · digital badge · store discounts
Ultra€499
€374
Note · Series 26/27
€125
Season
Ticket priority · kit drop · open trainings · fan-club perks
Legend€2,499
€1,874
Note · Series 26/27
€625
Season
Hospitality · signed shirts · squad access · away-day priority
The rollover cycle
Yr 1
Buy the pack €99
Season
Coupons land through the year
Yr 2
Note matures — roll into the new series +recharge €25
∞
Every season writes a new series
€2.5M / season
100,000 packs × ~€25 blended premium — repeating every season, split club × Socios.com. On top of the advance. Illustrative.
The note pays out. The season is sold again every year. Benefits ride on the membership fee, not the security — the instrument stays clean.
Socios.com — Global Club CreditInstitutional · 10 / 13
Proof

Football receivables already carry billions. Institutions keep it all.

Serie A MediaCo notesInter's media vehicle placed €415M of senior secured notes (2022) — repaid early, refinanced privatelyClub receivables carry institutional bond markets today
Barcelona × Sixth Street — 202225% of the club's LaLiga TV rights for 25 years, ~€500M+ paid upfrontFuture receivables sell at scale, decades forward
LaLiga × CVC — 2021€1.994B advanced against 8.2% of league media revenue over 50 yearsReceivables fund entire league transformation programmes
Transfer-fee factoring£3B+ of installments outstanding in the Premier League; specialist banks advance them as routine treasuryThe asset class exists — only the buyer list is closed
On-chain creditPrivate credit is the largest tokenized asset class — and a media-rights RWA pool has run on Chiliz Chain since Dec 2025The rail is proven — including in football, on our chain
Every precedent on this page was bought by a bank, a fund, or a bond desk. The fans have never been offered the paper. That is the product.
Inter Media & Communication €415M 6.75% notes (2022, repaid Jun 2025) · FC Barcelona / Sixth Street (2022) · Boost LaLiga / CVC (2021) · Premier League installment data (Feb 2025) · Chiliz Chain media-rights RWA pool (Dec 2025)
Socios.com — Global Club CreditInstitutional · 11 / 13
Why the Chiliz Group

One group owns the
whole stack.

Distribution
Socios.com — first MiCA-licensed CASP in sport (all 27 EU states) + tier-1 fintech partners
Settlement
Chiliz Chain — ERC-3643 permissioned securities standard + the Assetera regulated venue
Issuance
Securitize — official partner; the NYSE-listed tokenization platform
The EU retail rulebook is strict on tranched securitisations — so the structure stays deliberately simple: one class of notes, protected by overcollateralisation and reserves, never by tranches.
Wherever your fans are, a lane exists
European UnionPlain notes under MiFID II / prospectus regime — single-class by design, retail-eligibleLive
United KingdomPublic-offer platforms live under POATR since Jan 2026; DSS settlement runningLive
United StatesReg A+ ($75M retail), Reg CF and Reg S — with Mar 2026 SEC / CFTC clarityOpen
BrazilThe debênture-fut — a football-specific debt security written into the SAF law itself — plus CVM Res 88 / 160 and FIDC receivables fundsReady-made
Rest of worldReg S global wrapper via Securitize + fintech distributionStandard
A receivables note is a security everywhere — that is the point. It travels on fixed-income rails that already exist in every major market, while Fan Tokens™ stay cleanly on the engagement rail. Two lanes, no collisions.
Socios Europe MiCA CASP (MFSA, Oct 2025) · Assetera alliance (Nov 2025) · UK POATR / DSS · SEC Reg A+ / CF / S · Lei 14.193/2021 Art. 26 (debêntures-fut) · CVM Res 88 / 160
Global Club Credit Programme · What the club gets
This certifies that a fanbase holds more than loyalty. It holds the club's paper.
I
Cash today, nothing sold
An advance on money already earned. The cap table is untouched — no dilution, no governance debate.
IV
The deepest lender register in football
A KYC-verified fan-noteholder CRM — ticketing, retail and sponsorship value compound on top of it.
II
A programme, not a one-off
Every season writes new receivables. Series follows series — issuance becomes a repeatable treasury tool.
V
Treasury discipline built in
True sale, direct-pay obligors, a ring-fenced waterfall — hygiene institutional partners respect.
III
A loyal lender base
Thousands of small noteholders whose coupon rides on the club — capital that renews instead of repricing.
VI
A recurring premium engine
Season memberships re-charge every year — retail revenue that repeats, on top of the advance.
Issued in concept · Malta · July 2026Subject to legal, tax & regulatory structuring per market
Socios.com — Global Club CreditInstitutional · 13 / 13
The runway
30 days
Pick the club and the paper — audit the receivables book, select the cleanest obligors, size the pool and the advance.
60–90 days
SPV and true-sale opinions per market; Securitize issuance workstream; anchor underwriting committed.
Launch window
Packs go on sale worldwide; the advance is wired; the first coupon lands in fan wallets on schedule.
Be more than a fan.
Back the club.
This is SportFi · This is Chiliz 2030