‘Buying a football club is in a way similar to buying a Picasso’
In the past five years, 12 of the 24 professional clubs in Belgium have been sold, and four of them are currently on sale. This ‘takeover wave’ gives the impression that a football club is an interesting investment. According to Thomas Peeters, sport economist at Erasmus School of Economics, this is due to the fact that the revenues of the football industry in Europe grew sharply over the period of 35 years.
‘This attracts investors, but everything will be crucial to the future growth of the football industry. In this sense, it remains a risk investment. Buying a football club is in a way similar to buying a Picasso. Football clubs' revenues may have increased, but profits are limited because costs have also risen. A Picasso on the wall does not generate a cash flow either, but with some luck it will be worth more in ten years' time.’
Click here for the entire article in the Belgian Newspaper Het Belang van Limburg, 16 November 2017.
Click here for the entire article in the Belgian Newspaper Nieuwsblad, 21 November 2017.
See below the entire article in the Belgian Newspaper de Standaard, 21 november 2017.