Financial strategy how does it affect a football clubs performance on the pitch
Word count-1204 Financial strategy: how does it affect a football clubs performance on the pitch? Introduction and Literature review Following the spectacular plummet of Leeds United, one of the most stable mid table teams since the premiership began to relegation this season, some ask the question how much does football now rely on finance? Chelsea on the other hand who were in the same position five years ago have been bailed out of their financial distress and are now reaching the heights of Europe. With all this evidence some would suggest that teams in the premiership do not need good management or good coach’s just good financial advisers to help them succeed on the field of play. The influence of market forces has critically been felt through the ascension of televised football matches. This has dramatically increased the financial value of football clubs. Clubs like Manchester United have capitalised on this finance. ... G 2000) certainly believes that the early floatation of the club in 1991 helped them gain a lead on the other clubs and this is why they were able to become such a dominant force in the Premiership. If the examples of Chelsea and Manchester United are the truth why then does top a top football finance lecturer Wyn Grant (2004) say Leeds united is “the classic example of what happens when a business man who supposedly knew better… paid for the price of excessive ambition”. He goes on to say “any one who has the money can buy a football club and behave as irresponsibly as they want”.