ECONOMY | 22.04.2021
The failed attempt to set up a new European competition has revealed the growing interest of investors in football market. Luis García, fund manager at MAPFRE AM, estimates that valuations of listed football clubs would be positively affected because of higher revenue, higher stability and better financial control.
The recent report Perspectivas España 2021, prepared by KPMG and CEOE, highlights the challenge facing companies to boost their competitiveness in the sector after a bittersweet year due to the pandemic impact. Experts say that digital transformation will depend fundamentally on the capacity of employers to update their knowledge bases and skillsets.
After registering historical numbers in main stock indexes, the market experienced one of its most complicated days of 2021 on April 20, suffering a drop of nearly 3 percent. Alberto Matellán, MAPFRE Inversión’s chief economist, affirms in an interview on Radio Intereconomía that these one-day moves “are usually noise”, and encourages investors to keep calm in moments like this.
This article in Barron’s analyzes the merger deal reached between MSG Entertainment and MSG Network, which has been criticized by Jonathan Boyar, CEO of Boyar AM, the fund management firm with whom MAPFRE AM maintains an alliance. It points out that the proposed deal has “absolutely no strategic rationale” and, according to Boyar, the Dolan family, which controls both companies, is “grossly” undervaluing the network division.