The EURO 2020 rekindles investors interest in sports
The postponement of the EURO 2020 tournament to June 2021 has not dented the excitement surrounding the sport across the continent. The event, the first to feature as many as 11 host countries from Scotland to Azerbaijan, coincides with the rebooting of economies and the vitally important tourism and leisure sectors.
With this, investors are taking a positive view on looking out for investment opportunities in the sporting world, which contrasts with recent consensus that the world of sports had been consigned to the bottom drawer of the market.
However, apart from the more traditional sectors, the current interest of investors in the world of football is growing. Among them is Luis García, a fund manager at MAPFRE AM who, through the MAPFRE AM Behavioral fund, has invested around 25 percent of the portfolio in sports-related companies.
In an article for Citywire, Luis is of the opinion that "Spain would be a fantastic place to invest in football due to the financial control mechanisms designed by La Liga", adding regretfully that currently "there are no Spanish clubs listed on the stock exchange".