The Trend of Major Soccer Clubs Investing in Stadium Renovations

7min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Major soccer clubs are investing in stadium renovations to upgrade facilities and create year-round entertainment districts. This trend is fueled by a wave of investment from the US and a slowdown in TV rights revenue. Financing for these projects is typically obtained through commercial banks, posing challenges for smaller teams.

A pile up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks, and European football clubs are pouring money into transforming stadiums. Plus, the FT’s Joe Miller explains why another bad bet by SoftBank could be trouble for the Japanese group.

Mentioned in this podcast:

SoftBank’s Gen Z social media bust: was IRL the next Facebook or a fraud?

The European football clubs turning stadiums into cash cows

Largest US banks set to log sharp rise in bad loans

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.