Champions League final 2024: the romantic ideal of fan ownership meets the corporate reality of modern football

By Simon Chadwick, Professor of Sport and Geopolitical Economy, SKEMA Business School
Paul Widdop, Associate Professor of Sport Business, Manchester Metropolitan University

The 2024 Uefa Champions League final could be described as the perfect match for football purists, with fan-owned Real Madrid against Borussia Dortmund, where supporters have a majority ownership stake. Unlike last year’s event, neither side is owned by a Gulf state or massive foreign corporation.

Instead we have a Spanish team which boasts nearly 100,000 “socios”…

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