Director / Editor: Victor Teboul, Ph.D.
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Newcastle United: buying a football club can still be lucrative – with the right business tactics

By Christina Philippou, Principal Lecturer, Accounting and Financial Management, University of Portsmouth
Share this article
Many Newcastle United fans cheered the announcement on October 7 that their club had finally been sold for £305 million. The sale, to a consortium headed up by Saudi Arabia’s sovereign wealth fund, adds to a long list of clubs bought by the mega-rich, including Manchester City (owned by Sheikh Mansour), Arsenal (Stan Kroenke) and Chelsea (Roman Abramovich).

But why do wealthy people or states buy football clubs in the first place? What is it about owning a team in a volatile and generally

Read complete article

© The Conversation -

Follow us on ...
Facebook Twitter