News from Cass Business School

Football finance is suffering a crisis similar to the banking crisis

Prof Stefan Szymanski says owners and managers gamble on success

Wednesday, 3 March, 2010

Sports economist Professor Stefan Szymanski says the current football finance crisis engulfing top clubs such as Manchester United and Portsmouth is similar to the recent banking crisis.  He says owners and managers in the UK and other international football markets are buying players they can’t afford and are gambling on success.
Professor Szymanski explained his views for this week’s Cass Talks interview.  Cass Talks is a series of free video and audio interviews uploaded weekly each Wednesday, presented by BBC Business Reporter and current Cass EMBA student, Alex Ritson.
The interviews are an opportunity to hear Cass faculty give their perspective on current business and finance news stories, global issues affecting the business world and new research coming out of the School.
Listen, watch and download Guy Fraser-Sampson’s interview and see other Cass academics share their opinions at:

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