I read an interesting article on Bloomberg this morning that included a small piece on publicly listed football clubs and the transfer market (for those who don’t like/follow football, the UK transfer market is open for one month in January and mid-May to mid-August in the summer) and the effect this can have on their stock price.
Clubs such as Arsenal and Manchester United in the UK are listed (Man U listed in the US), as well as Ajax (Dutch), Borussia Dortmund (German), and Juventus (Italian) are examples of European listed clubs.
I have not done any proper research into this, but based off the article these transfers clearly do have an effect on their stock price. I would be interested in investing money into clubs such as Ajax and Dortmund because they have traditionally been feeder clubs (that is, they have very good academies and some big transfers/names have emerged from these clubs, and therefore the players are great assets and generate a large profit for the club - if you bring a player through your academy the cost is negligible, but they can be sold for millions).
Has anyone else looked into this or have an opinion on this?