Barcelona and the value of a football club to its local economy

WHEN A football club moves out of its traditional home, such as West Ham’s transition to the Olympic stadium at Stratford or Atlético Madrid’s relocation to the Wanda Metropolitano, the local economy is bound to suffer. The restaurants, fast food outlets and bars that, for decades, have depended on the micro-economy that existed around the […]

Like it or not, football has to be more aligned to finance

SINCE THE launch of both the FA Premier League and UEFA Champions League, the football industry has undergone significant change, characterised by unprecedented revenue growth, bloated competitions, globalisation and expanded franchises. Football has become a business that attracts new owners and new sponsors as the world’s most popular sport becomes a compelling proposition for investors […]

Football has always been about money, but the stakes are now much higher

THERE were around six main football stories in the sports section of the newspaper I was reading as I grabbed an espresso at my favourite coffee bar in my home town. All six had a big emphasis on the financial side of the game: transfers (Gareth Bale), clubs in trouble (Bury), sponsorship and, more modestly, […]

Bury may be the first sad domino to fall

FOOTBALL in Bury now depends on the creation of a so-called “Phoenix Club” after the club was expelled from the English Football League. Bury is a relatively tiny club (average crowd 2018-19: 4,044), one that sprung-up when industrial Britain was creating the roots for the people’s game. Football enthusiasts have always known the basic keynote facts […]