• Other Financial Issues

    The benefits and perils of taking a football club onto the stockmarket.

    Football clubs have a choice of ownership models, here we will look at the two most common corporate identities for investors. On 23rd August 2018 Manchester United plc became the first football club in the world to be worth $4 billion. We know this because their share price finished that day at a record high price of $24.60 on the New York Stock Exchange, where the club’s shares are publicly traded. OnO At around about the same time as United went through this price threshold there were rumours that Liverpool and Chelsea had been subject to takeover bids for about £2 billion, but the actual price is unknown, because both…