The Political Economy of Football V2

Arsenal have ruled out a significant expansion of Emirates Stadium which would have potentially increased its capacity to 80,000. The club have spent more than two years exploring ways to upgrade their stadium, which opened in 2006 and has a capacity of 60,704, but have been put off by costs and logistical difficulties. Any significant works may have also required a temporary move to an alternative home ground, leading the club to instead pursue a “continued evolution” of the stadium, rather than a grander revamp. The Emirates was the biggest Premier League ground in London when Arsenal moved from Highbury 20 years ago but its size, facilities and earning potential have been surpassed by Tottenham Hotspur’s stadium, which opened in 2019, has a larger capacity of 62,850 and hosts other events such as NFL and rugby matches and music concerts. Arsenal told a supporters’ meeting that they would make smaller changes to the stadium. “We shared a commitment to the continued evolutio...

Britain's leading business paper the Financial Times reflects on the week's events at Manchester City in its Scoreboard newsletter. 'Legal experts have billed City’s chances of overturning the verdict itself a serious uphill climb. But with the club insisting it will pursue all avenues available, many expect the case to run and run. One lawyer described this week’s events as being more like the “end of the beginning” rather than anything approaching an ending. This is all pretty miserable for the Premier League. City, after all, are currently top of the league. Bookmakers currently rate the club as the second most likely to be crowned champions and the fourth most likely to be relegated. The uncertainty hanging over the competition will weigh heavily. In the short term, it’s hard to see much of a knock to the Premier League’s business. If anything, the soap opera may well make the action on the pitch even more enticing for subscription-paying fans. But if every result again...

Tottenham Hotspur, who epitomise the trend, have staged 29 concerts at their plush home in the last two years, with Beyonce, Lady Gaga and Jay Z among those to take over a stadium opened in 2019. Liverpool have also shown an increasing willingness to repurpose Anfield. The last two summers have seen concerts staged over eight nights, hosting Bruce Springsteen, Dua Lipa and the Foo Fighters. None of this is new to Manchester City, either. Aside from the years that have brought redevelopment work to the Etihad Stadium, concert season has become part of the club’s development strategy, with artists such as Ed Sheeran, Coldplay and One Direction among their guests. Arsenal are another to have dipped their toe into those waters, along with Newcastle United, Aston Villa, Sunderland and Ipswich Town. Almost half of the Premier League’s 20 clubs have staged at least one concert in the last three years. “The clubs have to sweat this capital asset,” Ian Nuttall, sports and enter...

There have also been notable changes off the pitch as well as on the pitch at Crystal Palace.  The most visible is the demolition of six houses in a neighbouring street as Palace continue their preparation for the redevelopment of Selhurst Park, their home of 102 years, knocking down the more modern add-ons to the Main Stand and erecting a glass hospitality building. There has also been further infrastructure development with the purchase of land near the existing training ground, the use for which the club is still debating.   Then, on the eve of the first home game of the new season, the club’s ultras, the Holmesdale Fanatics (HF), announced they would be stepping back from activity inside the stadium as an organised group. It is nine years since the stadium improvement plans were first announced, and five since it was originally due to be completed.    Preliminary works were undertaken in 2024 and enabling works continued last summer with club offices relocate...

Aston Villa’s board comprises three of the club’s stakeholders.   Wes Edens and Nassef Sawiris took full ownership in 2019 and sit on the board as Villa’s statutory directors.  Sawiris is more involved on the football side, regularly updated by manager Unai Emery’s senior aides, including director of football operations, Damian Vidagany, with Edens based in North America. In December 2023, V Sports — the ownership group led by Sawiris and Edens — entered into an agreement with investment company Atairos to become a partner, its interest headed by Michael J Angelakis.   The relationship meant V Sports would initially continue to own 100 per cent of Villa and remain in control of all club-related decisions, but the deal with Atairos would see it become a minority partner and Angelakis come in alongside Sawiris and Edens. Shortly after Atairos’ partnership was ratified, four new directors were confirmed on Villa’s board, joining Edens and Sawiris: the Atairos chairm...

Most of the football business news these days seem to be about legal actions or the possibility of them. David Sullivan, the West Ham United co-owner, is suing the BBC for £150 million ($197.8m) over a Panorama documentary in which he was accused of sexual misconduct.   Sullivan is seeking damages after issuing a High Court defamation claim over the programme, ‘Predator: The Billionaire Football Boss’, which aired on June 8. The documentary, made by the BBC with The Times, featured allegations made by seven women about Sullivan’s conduct during the 1980s and 1990s.  Sullivan has denied any wrongdoing. As well as £150m in damages, Sullivan is seeking a court order requiring the removal of the show from BBC platforms and preventing further publication of the allegations — in line with section 13 of the United Kingdom’s 2013 Defamation Act. The BBC declined to comment when asked by The Athletic.   In Sullivan’s claim, which has been seen by The Athletic , he contends...