A wave of foreign cash is flooding into Brazilian soccer teams in the year since the country allowed its clubs to accept outside investment, Reuters reports.
Why it matters: With some of the best players in the world, Brazil is becoming a soccer M&A hub and potential playground for billionaires hungry for a sports team.
State of play: Three clubs have already taken advantage of the new law, which was signed last August.
What's next: Last May, the top teams in the country agreed to form a new league modeled after the Premier League in the hopes of getting more TV dollars, Reuters reported.
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