Multi-club ownership is rising fast, but not everyone’s a fan
Multi-club ownership is the hottest trend in global football. It allows owners to spread their costs and risks, discover and develop talent across a network of clubs, and offer sponsors worldwide opportunities with a single partner. But as the FT’s sports editor Josh Noble explains, not everyone’s a fan, and critics worry about loose regulation and potential conflicts of interest.
The takeover of Newcastle United in a deal led by Saudi Arabia’s sovereign wealth fund has been welcomed by many of the club’s fans. But it’s hardly been a straightforward deal.
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