European Super League: why punishing the breakaway 12 could backfire badly

By Adrian R Bell, Chair in the History of Finance and Research Dean, Prosperity and Resilience, Henley Business School, University of Reading
Andrew Urquhart, Associate Professor of Finance, ICMA Centre, Henley Business School, University of Reading
Chris Brooks, Professor of Finance, Henley Business School, University of Reading

The football world has been rocked by the announcement of a breakaway European Super League (ESL). The majority think it a bad idea, from governing bodies Fifa and Uefa through to national bodies such as the FA and English Premier League.

The same goes for the fan groups at the six English clubs that comprise half of the ESL’s initial…

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