Football is changing due to a new breed of chairmen. David Conn, author of The Football Business, outlines how the game is being affected by those who own the clubs
Beneath the high-pitched hype, English football presents some stark realities. Sir John Hall, former tireless warrior of the ‘Geordie nation’, made £100m for himself and his family out of Newcastle United when it floated on the Stock Market in April. He is now living mostly in Spain. Martin Edwards, chief executive of Manchester United plc, bought into United for £600,000 in 1978. He has recently made £33m cash from selling some of his shares, and retains a 15 per cent stake in United, worth around £60m.