Debt
3 Arena Journal articles on Debt, spanning 2020–2025 across Markets, Leagues and Venues. Analysis of how debt shapes the business of sport.
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20 FEB2025Markets
Sport’s Debt Maturity Wall
A decade of borrowing at low rates is coming due into a market that prices sporting credit very differently. Refinancing, not revenue, is the binding constraint of the next three years.
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27 APR2023Leagues
Relegation Risk Is a Credit Risk
Lenders to clubs in open leagues are underwriting a revenue stream that can fall by two-thirds on a single result. The instruments used to manage it are not adequate.
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09 JUL2020Venues
Empty Houses: The Long Arithmetic of a Season Without Crowds
Matchday income is the smallest of the three major revenue pillars and the most expensive to lose, because it is the only one that carries the venue’s fixed cost base with it.
Related topics
Other subjects covered alongside Debt