Column: Buying a professional football team? Ten lessons learned: #1 - Don't underestimate the due diligence process
1 July 2020
Alexander Janssen was involved on the ownership side of two clubs, one in Belgium and the other in Spain, where he learned that the football industry is not only extremely competitive but very different to the business environment that he used to work in.
Janssen has written ten columns about the insights he gained from being involved with those two clubs. This is the first.
As a successful consultant with deep knowledge of turnarounds, he inexplicably experienced a sudden disregard of the discipline and long-term mindset that normally characterised his every move.
In this column the Dutchman reflects on the due diligence process when buying a club. Janssen learned the hard way that there are quite a few pitfalls when it comes to structuring such a process.
This is my first post of a series of ten on the lessons learned when taking over a professional football club. The lessons that follow are all based on real-life experiences.
The moment to buy a club will most likely be during the summer break, in between seasons. The entire takeover process has to be completed within a very short time window of four to six weeks. From an operational perspective, the summer break is a hectic time for the management and the technical staff, as the organisation needs to prepare for the next season.
Do you want to read this article?
Get instant access by signing up for a 7-day free trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.