Many football supporters long to own a part of their club. Share ownership can help bring fans closer to their team, and could also even bring in a bit of income. It can also be a way of protecting prized community institutions from cowboy owners who might bet the house in the pursuit of glory, only to withdraw support when the sums don’t add up.
The vast majority of UK football clubs are, however, either privately owned or run by supporters’ trusts. For many clubs, the costs and transparency linked to being listed on a stock exchange are deemed to outweigh the benefits of access to shareholder funds.
There are a handful of listed football clubs in the world. Manchester United (US:MANU) and Scotland’s Celtic (CCP) are the UK’s two major listed clubs, while German giant Borussia Dortmund (Ger:BVB) and Italy’s Juventus (Ita:JUVE) are among foreign football titans whose shares are available to buy on exchanges. Many of their investors will have no interest at all in their on-pitch endeavours, supporting these institutions solely based on their investment potential.