Could Equity Release Help To Fund Sporting Talent?

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Focus Admin
21st September 2021

The British teams’ success in the Tokyo Olympics and Paralympics, winning a total of – respectively – 65 and 124 medals, including 63 gold, has made the country proud. The athletes’ modesty during interviews illustrates their commitment and hard work, supported by skilled trainers, as well as family, during years of arduous development and overcoming injury challenges.

Encouraging sporting talent brings huge benefits in terms of fitness and mental wellbeing, helping youngsters from diverse backgrounds to embrace social engagement, and have aspirations as they recognise their abilities.

Schools and sports clubs foster talent as much as they can, but those who have the greatest potential need more expensive equipment – in some cases, tailored prosthetics – and specialist coaches, as well as transport to and from training sessions and events, if they are to achieve their ambitions.

All this costs a lot of money; some grants are available but families make sacrifices to fund their children from an early age, when that genuine talent has been identified, combined with essential competitive spirit and determination to succeed.

One source of funding could be equity release. Before making such a commitment, it would be important to debate the young person’s sporting future with his or her parents as well as expert training and management teams, assessing outcomes to date. If a decision is taken to proceed, then agree a financial plan, with targets, to cover a set period.

Substantial earnings can result from nurturing genuine talent, however unexpected or premature; we are seeking brilliant teenagers across tennis, cricket, football, swimming – all of whom are role models for the next generation.

If you are interested in pursuing such a funding option for a young relative, contact Premier Equity Release, where our advisers can explore the most appropriate deals.