Champions League final 2024: the romantic ideal of fan ownership meets the corporate reality of modern football
Unlike last year’s event, neither side is owned by a Gulf state or massive foreign corporation.
- Unlike last year’s event, neither side is owned by a Gulf state or massive foreign corporation.
- And while Real Madrid doesn’t trumpet its ownership model quite so much as its Spanish rivals Barcelona, fans continue to play an important role in its governance.
- Football fans of clubs in other countries may envy this kind of involvement and ownership.
- This state-of-the-art, 85,000-seat venue was funded via a series of loans from lenders including JP Morgan, one of the biggest financial institutions in the world.
Fan fair
- Earlier this season, these fans staged protests against the potential sale of Bundesliga television rights to a US private equity company and the ongoing commercialisation of football.
- Alongside these investors is German sports apparel brand Puma, a long-time co-owner and partner of Borussia Dortmund.
- For purists, the Champions League final at Wembley stadium on June 1 might seem like a rare opportunity to celebrate European values and fan democracy in football.
- But this is an idealistic notion, which fails to acknowledge how deeply embedded global financial and geopolitical networks have become in the beautiful game.