Brazilian soccer clubs have traditionally been structured as non-profit associations, led by powerful club presidents elected by the club’s members every three or four years. Long-term financial planning has often taken a back seat to populist promises focused on short-term, on-field success; these promises are typically made with an eye on the next election cycle.
Continue readingWhy American billionaire Joseph DaGrosa thinks now is the right time to invest in European football | CNN
As seasons resume across Europe, matchday revenues remain on hold as fans are kept away from stadiums, and in the Premier League, Deloitte estimates that rebates on broadcast and commercial deals – together with the lack of ticketing revenues – will result in a permanent loss of almost $650 million (£500 million) for clubs.
Continue reading