Minority stakeholder in Dortmund, Lyon and Ajax: Earnings outlook for football clubs remains positive for the long-term despite impact of coronavirus

The coronavirus pandemic has contributed to the undervaluing of football clubs across Europe.

Luis García Álvarez oversees the MAPFRE AM Behavioral Fund, who in March acquired a stake in Dortmund thanks to their lower valuation, adding the club to a portfolio which also includes Lyon and Ajax.

As in other industries, those with strong management and a healthy balance sheet will come out on top after the crisis.

Generally, a psychological barrier is preventing investors from buying into football despite its huge potential for growth.