Synopsis of Module
The Stock Exchange plays a major role in the provision of finance to companies. The module examines this role in relation to the financing of listed football clubs, a recent phenomenon in terms of developing organisations and one which is of personal interest to many students. The performance of football clubs and the effect this has on share prices, both at flotation and currently, are the main focus on this module.
The module will be delivered by a combination of lectures and seminars and will be assessed by assignment.
Aims of Module
The module aims to:
| 1. | To introduce and analyse the role of the UK Stock Exchange as a source of finance for football clubs. |
| 2. | To explore the factors which influence share prices and, in particular, the performance of football clubs both from sporting and commercial view points. |
| 3. | To explore the reasons underlying the flotation of football clubs. |
Learning Outcomes
At the end of this module the student will be able to:
| • | to examine the reasons for listing of football clubs; |
| • | to discuss and examine public ownership, governance and changes in ownership in relation to football clubs |
| • | to identify and discuss the factors which influence share prices; |
Outline Syllabus
Football Sector Overview
| • | current listed clubs and current trends( Premier v Nationwide) |
| • | financial issues facing clubs |
| • | public and private ownership |
Football Club Flotations
| • | the Taylor Report and the Premier League |
| • | the impact of television and financing |
| • | football image and stadia development |
Ownership of Football Clubs
| • | takeover activity; BskyB and Manchester Utd |
| • | return to private ownership |
Capital Markets
| • | Equity markets and efficiency |
| • | Fundamental and technical analysis |
| • | Share price determinants and event analysis |
Players, Wages and Transfers
| • | Post Bosman transfer system |
Summative assessment
Assessment A: Assignment
The weighting of this assessment is 100%
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