Visser, Jelmer de (2021) The impact of a full Premier League-takeover on house prices. Master thesis.
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Thesis impact Premier League club takeovers on nearby house prices.pdf Download (495kB) | Preview |
Abstract
For the last two decades, football became a billion-dollar industry. Nowadays, a lot of clubs are owned by private (foreign) investors. Football clubs became large organizations with a strong brand. In England, 90% of the clubs in the Premier League and the Championship are owned by private majority investors. Experts think that these money-injecting private investors are the only competitive business model in nowadays football and expect more takeovers in the future. Because of the investments in players and facilities, takeovers do have a positive impact on the team performance. This attracts more fans to the stadium which attracts more amenities to the area around the stadium. It also could bring optimism and civic pride to the area. This could increase local house prices. But when the performances do not meet the high expectations it can cause pessimism and decreasing house prices. Because of the possible takeover of Newcastle United by a Saudi investment group, Stripehomes released an article where they stated that on average takeovers cause an increase in house prices of 15%. This study checks the impact of full takeovers on nearby house prices by using the difference in difference method. This study has found no evidence to support the statement of Stripehomes. However, there are indications that the source of income of the new owner plays a role in the impact of the takeover on house prices.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. |
| Date Deposited: | 18 Mar 2021 13:06 |
| Last Modified: | 18 Mar 2021 13:06 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3454 |
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