Transfer activity within MCO groups declines as multi-club ownership loses momentum
IMAGO | Nottingham Forest and FC Midtjylland are part of multi-club ownership groups that have been among the most active in internal transfers.
The Recap
Internal transfer activity between clubs within MCO structures is declining across top leagues globally. A Danish MCO centered around FC Midtjylland illustrate both the potential and limitations of the model.
Data Insight
Internal MCO transfers peaked at 103 deals in 2023/24 but have since fallen to 82, with related transfer fees following a similar downward trend.
Why It Matters
The development contrasts with a core rationale behind multi-club ownership of gaining a competitive edge through internal player development and transfers.
The Perspective
Declining activity within the MCO model raises questions about its long-term scalability and strategic relevance.
15 April 2026 - 3:32 PM
The Europa League round of 16 fixture between FC Midtjylland and Nottingham Forest was not only a clash between two clubs that had surprised during the group stage – Midtjylland by securing an impressive third-place finish, and Forest by struggling.
It also brought together two of the most active multi-club ownership (MCO) groups of the past five seasons, measured by transfers between clubs within their networks.
Get smarter in minutes. Straight to your inbox
21-day free trial
Activate instantly with the link we’ll send you.
