As part of the financial training, the football players will go through a series of several meetings, with Yaniv Pagot, who was recently appointed director of the trading department, derivatives and indices on the stock exchange And has a rich background in the capital market. Topics to be addressed in the meetings, among others, will include financial management of the pension and savings funds, savings and investment products, risk diversification, management according to a budget and more.
Football players, as well as other athletes, are in a difficult challenge in terms of financial management, given the fact that their sports career is naturally quite short and lasts about 12-15 years. This unique characteristic underscores the need for the importance of financial tools and proper conduct in the long run.
As you may recall, the Stock Exchange signed a sponsorship agreement with the director of the football leagues for three years in 2019. As part of the agreement, the official name of the Premier League is “The Stock Exchange League” and in addition, the stock exchange and the manager maintain various collaborations, including the new financial training program provided to players at no cost.
Itai Ben Zeev, CEO of the Tel Aviv Stock Exchange, told FUNDER: “We invest a lot of effort in connecting the stock market to the general public and increasing its involvement and participation in the success of the Israeli economy through the capital market. Will contribute to the players and provide value for the connection between sports and the Israeli capital market. ”
Erez Kalfon, Chairman of the Football Leagues Administration: “We consider it extremely important to impart economic knowledge for prudent management through the financial instruments of the active players in the Stock Exchange League. The training is important not only for the active career period of the player, but especially for the day after. , And wishes the players and the professional team a fruitful and useful training. “