Who we work with - and how to become a client.
Nordic Estates Asset Management was established for one purpose: to manage wealth for professional footballers. We do not accept other client groups. The questions below are those we most often receive during initial conversations.
Who can become a client of Nordic Estates Asset Management?
Our mandate is limited to professional footballers - typically active players in Danish and European leagues, as well as recently retired players who wish to structure their career wealth for the long term. We do not work with other sports or client groups.
Onboarding takes place after an initial conversation with the partner team, a review of your financial situation, and a mutual assessment of whether our model and horizon align with your expectations.
How much capital do I need to become a client?
We do not have a fixed minimum threshold, but our model typically works best when a minimum of DKK 5–8 million in equity can be allocated over a 5-year horizon. Smaller portfolios can be established but offer limited diversification across properties and geographies.
For younger players without significant accumulated capital, we often work with a gradual build-up, where monthly transfers from salary income accumulate equity towards the first acquisition.
What does the initial process look like?
The first conversation is confidential and entirely non-binding. We are happy to travel to you - at the club's training ground, at home, or at a suitable venue in the country where you play. We regularly travel to England, Germany, Italy, Spain, France, the Netherlands and the rest of Europe. The meeting can equally be held at our head office in Bredgade or via video call - whatever suits you best. We review your situation, your horizon, and your goals, and explain our mandate and fee structure in detail. If there is mutual interest, we will prepare a written proposal.
The actual establishment – company formation, banking relationships, KYC, legal agreements – typically takes 4–8 weeks from signed mandate until the first acquisition is ready.
What it costs - and how we earn our money.
We operate on a transparent management fee structure without hidden revenues. All fees, terms, and potential conflicts of interest are documented in writing before a mandate is signed.
What does it cost to be a client?
We operate on a transparent management fee structure — typically a percentage of assets under management — without hidden commissions, retrocessions, or product fees from third parties. The specific structure is agreed individually and documented in writing before engagement.
The fee covers ongoing management, reporting, coordination with banks and advisors, and ongoing strategy meetings. Transaction-specific costs (solicitor, brokers, registration fees, structural surveys) are invoiced at cost and documented.
Do you receive commissions from banks or developers?
No. We work exclusively for the client. We do not receive retrocessions from banks, commissions from brokers, or hidden fees from developers. This policy is embedded in our business model and is a prerequisite for avoiding conflicts of interest.
If a counterparty offers us a discount or bonus in connection with a transaction, the amount is always credited directly to the client.
What is the minimum investment horizon?
Our model is built on a minimum horizon of 10–15 years, and preferably 20+. Property investments are illiquid and expensive to trade in the short term; registration duties, financing costs, and transaction fees mean that a short horizon systematically undermines returns.
We do not accept mandates from clients who expect to realise the portfolio within the first few years.
How the portfolio is built - a genuine partnership.
Every property is owned in a partnership between the player and Nordic Estates Asset Management. The player is the controlling owner and has the final say, and we put our own capital into every single transaction.
How is ownership structured?
Each property is held in a separate special purpose vehicle (SPV) under a personal holding structure, established for the client. The player is the majority owner of the SPV, and Nordic Estates Asset Management co-invests its own capital as a minority partner in every single transaction.
The construction is deliberate: the player retains controlling influence over every material decision - acquisition, divestment, refinancing, distribution - while our co-investment ensures we carry real economic exposure on the very same deal we recommend. We only profit when the client profits.
The structure is documented in a consolidated ownership register, which is updated with each transaction and reported to the client quarterly.
Why an SPV structure and not direct private ownership?
Private ownership is simple – but exposes the entire wealth to risks associated with a single property (a large compensation claim, structural damage, a tenant dispute). With SPV structures, the risk is limited to the individual property, and the rest of the portfolio remains protected.
The SPV form also makes it operationally straightforward to have two owners - the player as the majority and Nordic Estates Asset Management as the co-investor - in every transaction without commingling with other properties or the client's private wealth.
Who makes the investment decisions?
All acquisitions, disposals, and major refinancings are approved by the client in writing, based on a proposal from our investment committee. We do not have 'discretionary' authority to act on material decisions without the client's consent.
Ongoing operational decisions (tenancies, minor maintenance, daily administration) are handled by the management team within clearly defined mandate frameworks.
What happens when things go wrong - the plan for difficult years.
The model is built to endure through cycles, injuries, and unexpected career changes. The questions below concern contingency planning, not the standard scenario.
What happens in case of injury or career termination?
The model is designed precisely for this scenario. The liquidity buffer covers 12–24 months of operating expenses and repayments without rental income. The portfolio's cash flow is designed to function independently of your club salary.
In the event of a longer interruption or career termination, the strategy is adjusted – typically by pausing further acquisitions, focusing on debt repayment, and allowing the portfolio to mature towards the distribution phase earlier than planned.
What if I transfer to a foreign club?
The Danish corporate structure remains unchanged. We coordinate with international tax advisors regarding your new country of residence and ensure the portfolio is correctly structured in relation to double taxation agreements. The properties continue to be managed in Denmark.
We have experience with club transfers to the major European leagues as well as selected overseas destinations and have a network of local tax advisors we can draw upon in each relevant country.
What if the property market experiences a sharp decline?
Our conservative loan-to-value ratio at acquisition is chosen precisely to absorb significant market corrections without stressing the structure. The liquidity buffer ensures we are not forced to sell in an unfavourable market.
Historically, Danish and Nordic property markets have proven to be among the most stable in Europe, but we plan as if a correction is probable, not improbable.
What happens if Nordic Estates Asset Management closes?
The client's assets are completely separated from Nordic Estates Asset Management A/S's own balance sheet. Properties, bank accounts, and companies are owned by the client's own holding structure, and the management can be transferred to another manager without affecting ownership.
Our agreements and documentation are designed to ensure continuous operation even with a change of manager, and we have safekeeping and administration agreements with independent third parties that continue independently of us.
Supervision, audit, and transparency - non-negotiable aspects.
We are a Danish regulated financial company and operate under Danish financial legislation and the applicable rules of Finanstilsynet (Danish FSA).
How are you regulated?
Nordic Estates Asset Management A/S is regulated by Finanstilsynet. Finanstilsynet registration number: FT23401. We are subject to ongoing reporting, periodic inspections, and the capital, governance, and anti-money laundering requirements that apply to Danish financial undertakings.
Our compliance function is separate from the business, and we have an independent external auditor who audits both our own balance sheet and client reporting annually.
How is the portfolio reported?
The client receives a quarterly written report with full transparency: portfolio market value, debt, equity, cash flow, operational performance per property, comparison with plan, and comments from the management team.
In addition, at least two annual physical strategy meetings are held, where the overall picture is reviewed, and where the client has the opportunity to ask questions directly to the partner team.
Who audits the accounts?
Both Nordic Estates Asset Management A/S and the client's holding structure are audited by recognised, state-authorised auditing firms. The client is free to choose an alternative auditor for their own structure, and the auditors have direct access to all underlying documentation without our intervention.
What happens to my information?
All client relationships are subject to enhanced confidentiality. We never comment on existing or former client relationships, and information is only shared with third parties where necessary to execute a specific transaction, and always after the client's written consent.
Our data processing is subject to GDPR and Danish data protection legislation. The full processing is described in our privacy policy.
Is your question not on the list?
The partner team answers all written inquiries confidentially within two banking days.