Bloomberg and The Washington Post quote Richard Davies on multiclub ownership in world sports
A growing trend in global football is groups of investors buying up not just one but several teams in different leagues or countries. Some 289 teams are now part of multiclub groupings, compared to 242 at the end of last year, according to sports consultancy CIES, also known as Centre International d’Etude du Sport.
A recent policy change might open the door to bigger groupings. Proponents of multiclub ownership cheer the long-term benefits of cost synergies, the sharing of talented players and the potential to strike more lucrative sponsorship deals. But some critics argue there are potential drawbacks.
Richard Davies, Partner in our Commercial team, provides comment for Bloomberg on this rising trend. His comments also appear in The Washington Post.
"If multiclub ownership becomes more prevalent in different sports, the regulators of those sports will inevitably look again at their rules", he says.
Read the full article in Bloomberg here or in The Washington Post here (Subscriptions required).
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