Basketball has seen quite a lot of changes since its invention by James Naismith in 1891 and spread across the world. Many rules and tactics have been introduced, resulting to a sport that is one of the most popular worldwide today. One great feature is the 3 – point field goal, that plays a major role in games of all levels.

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)....