Football - continuing to grow in value - but what's the impact on the rest of us?

Football is still growing in value as a leisure activity which drives domestic, in-bound and out-bound visits - and the UK continues to punch above its weight in this area.  The recent report  "Football Clubs‘ Valuation: The European Elite 2017" explores what's happening.  Media rights in particular are allowing the most valuable businesses to defy the economic fundamentals which affect most other sectors.  As in many areas, it can be a different story for the "Haves" and the "Have nots" - but with 10 out of the top 32 clubs accounting for 2/3rds of the value - the picture was not quite as skewed as I'd expected - particularly with the virtuous circle of success breeding success that's so familiar.  There are always some relative minnows out there trying to find a way through to the top table - but it can be a hard challenge to sustain.  It will also be interesting to see whether a weaker pound starts to undermine the UK's position of strength.  No sign of that yet as far as I can see.

As for Football's impact on Tourism and Hospitality more generally - any collateral impact is surely more limited.  There may even be an argument that this leisure activity is increasingly sucking spending power out of other parts of the leisure economy.

Anonymous