FT News Briefing A tournament to compete with the Champions League, is Clubhouse worth $4bn?
Apr 19, 2021
A staggering $5.4 trillion in global savings since the pandemic offers a glimmer of hope for post-Covid spending. Meanwhile, Europe's top football clubs are in turmoil, contemplating a daring breakaway Super League to compete with UEFA. The audio app Clubhouse faces a tough road ahead, juggling its $4 billion valuation against fierce competition and an uncertain revenue model. These discussions dive into the shifting dynamics of both sports and tech, reflecting larger trends in consumer behavior and workplace culture.
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Global Savings Boost
- Consumers accumulated $5.4 trillion in savings during the pandemic.
- Increased consumer confidence and spending could significantly boost global output.
European Super League
- Twelve top European football clubs plan a breakaway "Super League," backed by JP Morgan.
- This move aims to replace the Champions League and grant clubs more control over revenue.
Clubhouse Growth
- Clubhouse's invite-only exclusivity initially fueled its popularity but may hinder future growth.
- The app's value proposition weakens as its user base expands and conversations become less focused.