Mutuality for Football Clubs? Lessons from the Financial Sector.
dc.contributor.author
Adams, Andrew T
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dc.contributor.author
Armitage, Seth
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dc.date.accessioned
2007-08-03T08:10:06Z
dc.date.available
2007-08-03T08:10:06Z
dc.date.issued
2002
dc.description.abstract
The mutualisation of two English third division football clubs in 2001 and the creation of a number of supporters' trusts has offered hope to supporters of many larger clubs who see mutual status as protection from the vagaries of shareholder ownership and private control. This paper assesses whether mutuality would be of economic benefit for football clubs, drawing heavily on the experiences of mutuals in the financial sector. The economic case rests on the distinctive feature of customer loyalty to a club, which will usually be much stronger than loyalty to a financial institution. However, club members must expect to shoulder some financial risk.
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36312 bytes
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dc.format.mimetype
application/pdf
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dc.identifier.uri
http://hdl.handle.net/1842/1827
dc.language.iso
en
dc.publisher
Management School and Economics. The University of Edinburgh
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dc.relation.ispartofseries
CFMR
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dc.relation.ispartofseries
02.03
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dc.subject
Economics
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dc.title
Mutuality for Football Clubs? Lessons from the Financial Sector.
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dc.type
Working Paper
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