UK Business

the romantic ideal of fan ownership meets the corporate reality of modern football

Written by Simon Chadwick, Professor of Sport and Geopolitical Economy, SKEMA Business School

The 2024 Uefa Champions League final could be described as the perfect match for football purists, with fan-owned Real Madrid against Borussia Dortmund, where supporters have a majority ownership stake. Unlike last year’s event, neither side is owned by a Gulf state or massive foreign corporation.

Instead we have a Spanish team which boasts...

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