Patrick Harverson of the Financial Times explains why football clubs are suddenly eager to become listed on the Stock Exchange
Six years ago, Newcastle United tried to sell shares, but the club couldn’t give them away such was the lack of interest among fans and financial investors. In the next few months Newcastle will try it again. Only this time things will be a little bit different. The queue to buy shares in NUFC plc will stretch from St James’ Park, across the Tyne Bridge and down the M1 to London where pension funds, insurance companies and other blue-chip City institutions will be lining up around the block for a piece of the Toon pie.