European football clubs do not prefer their participation in stock markets. The first initial public offering of a European football club (Tottenham) was back in 1983 (Ruparelia, 2014). Then, more than forty other clubs have experienced a venture in the stock market (Aglietta, et al., 2010). Most of the football clubs though, made that decision when the situation of the world economy was much better than now. These days only few clubs continue to exchange their shares.

The investors usually avoid purchasing shares of football clubs. As history showed, it is more possible for loyal fans to purchase rather than people