No way, lads
Article Abstract:
Newcastle United shares will commence trading on April 2 1997. The club plans to build a new stadium which will cost an estimated 65 million pounds sterling. A youth program will take some years to bring returns and the club may also have to invest in its team. In addition to concerns about the club's planned investments, the flotation has been affected by concern over corporate governance. The shares price is likely to be boosted by fans of the soccer club but it is unclear whether institutional investors will retain their shares.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Media moguls take the field
Article Abstract:
US sports teams tend not to be listed on the stock market, while UK teams are moving into the market. US sports clubs tend not to make much money and American Football league franchises are only awarded to teams that are privately owned. US entertainment and media groups such as Walt Disney have taken an interest in US sports clubs. UK clubs tend to own stadiums and other assets besides players so can benefit from higher revenues, and regional loyalties tend to be strong in Europe which ties clubs to localities.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Out of toon
Article Abstract:
Newcastle United football club is carrying out a share issue at a time when shares in soccer clubs have become popular. The club has a number of advantages such as good players, numerous fans and 30,000 holders of season tickets. There is concern as to where the club could find growth opportunities. No planning permission has been received for a new stadium. The cost of building a stadium would be a heavy burden without additional funds from investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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