Football is fast becoming a money-spinning machine. Unlike the game solely driven by passion back in the 70s, today’s football swims with hard cash.
Today, we have elite players earning whopping millions. Even punters now make a mouthwatering fortune studying and staking on top bookmaker app offerings, for example, betting on top football fixtures after reviewing 4Rabet App Main Info.
Admittedly, a big slice of the money that flows in football nowadays can be traced to the game-changing investments some of the world’s biggest banks have made in football.
Yes, we are talking heavy millions. Specifically, this article will discuss three banks that have invested heavily in football.
Goldman Sachs
Goldman Sachs is known to be one of the banks with the most affluence in the U.S, with a reputation for smart and massive investments.
Founded in 1869 by Marcus Goldman and Samuel Sachs, Goldman Sachs stands as a public financial giant amassing over $47 billion in revenue.
Goldman Sachs delves into other financial branches other than the traditional financial services that involve saving and withdrawing valuables.
Its financial divisions include asset management, consumer and wealth management, global markets, and investment banking. Goldman Sachs splits fractions of itself into 3 subsidiaries and it is known for its investment prowess.
When it comes to investing in football, Goldman Sachs is one of the top dogs. They are the most known and have made several investments across various clubs, including Chelsea, Tottenham Hotspur, Arsenal, etc, and also across football leagues.
Back in 2022, Goldman Sachs and Barcelona closely negotiated a $1 billion deal to reduce the Spanish giant’s debts.
JP Morgan
JP Morgan is another popular bank in the U.S. By market capitalization, JP Morgan also stands as the biggest bank in the world, which is also public.
The bank was founded on December 1, 2000, by the coming together of 4 financial institutions.
JP Morgan boasts a wide array of financial products, which include insurance, wealth management, investment management, mortgage loans, risk management, banking, and many more.
JP Morgan has split into three subsidiaries to accomplish all of its financial diversification. Since its launch, JP Morgan has managed to generate over $132 billion in revenue.
JP Morgan is also known for carrying out large financial services that include loans and investments, and one way they do this is by delving into football investment.
As seen before, this investment institution has thrown its weight around hosted English and Italian football leagues while also investing in all the football clubs competing in the European leagues.
Notably, during the failed Super League bid by the biggest European football clubs, JP Morgan offered to invest over $4 billion to finance debts incurred by some of the biggest European football teams.
Wells Fargo
Wells Fargo is one of the top banks in the United States and is listed among the Big Four of the country. Founded in 1929 by Henry Wells and William Fargo, Wells Fargo has amassed over 5,200 branches and 13,000 ATMs. they serve worldwide and are a public type of financial institution.
Since its launch, Wells Fargo has garnered over $73 billion in revenue. Just like other banks in the league, Wells Fargo also offers tons of financial products, including asset management, insurance, mutual funds, wealth management, credit card, commodities, mutual funds, risk management, investment management, and many more.
Also, Wells Fargo is split into seven subsidiaries that handle the different lines of financial products they offer.
Wells Fargo is also one of the banks that are invested in football just as they are also invested in stocks, bonds, and mutual funds.
Back in 2013, Wells Fargo penned a long-term sponsorship deal with the MLS (Major League Soccer), pumping wads of cash into developing the league.
Among other organizations, banks are also knee-deep into investing in football. The English Premier League and the Italian Serie A are a few examples of the football leagues you would mostly find top banks throwing themselves into.