Taking on the world: the internationalisation of City Football Group

Author:

Richardson Christopher

Abstract

Purpose Football is at once both a global sport and one that is defined by fiercely guarded local boundaries. For a firm operating within this highly lucrative industry and with ambitions of establishing a strong international presence for itself, a balance must be struck between riding on the game’s global appeal on the one hand and the need to somehow embed itself within particular local spaces on the other. This study aims to analyse how one such firm, the holding company City Football Group (CFG), is going about achieving this. Design/methodology/approach This is a conceptual paper that adopts a broadly inductive approach, building on an extensive analysis of both theoretical research and publicly available secondary data to develop a framework depicting three key strategies associated with CFG’s internationalisation. Findings Three factors are identified as being especially pertinent in CFG’s international expansion: the composition of CFG’s top management team; the attempts to establish a unifying “City identity”; and CFG’s forays into more peripheral leagues around the world after having established itself at the “top end” of the game. Practical implications The framework presented in this paper is particularly oriented towards a practitioner audience. Managers of firms operating in football, as well as in other industries in which the pressure to be both globally integrated and locally responsive is particularly acute, can draw lessons from both the framework and the broader insights presented here on CFG’s global expansion. Social implications Football is widely regarded as the world’s most popular sport, and fans often take matters very seriously when it comes to the club they support. How football clubs are run is, therefore, a matter of considerable societal interest, as demonstrated by various fan protests over the years. As global, multi-club ownership structures like that adopted by CFG become more commonplace, this study will provide football fans with some insight into the strategies of these companies and how their own clubs fit within these ownership models. Originality/value This study addresses an under-researched topic: the international expansion of a prominent football holding company.

Publisher

Emerald

Subject

Strategy and Management,Business and International Management

Reference101 articles.

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2. Agini, S. (2023), “UEFA sounds alarm over risks of multi-club ownership model”, Financial Times, 10 February, available at: www.ft.com/content/ee668cd3-1927-411c-ab7b-dfecb19c9f08 (accessed 29 August 2023).

3. Ahmed, M. (2019), “Man city stake sale breaks valuation record for a sports group”, Financial Times (27th November), available at: www.ft.com/content/1c082178-104b-11ea-a7e6-62bf4f9e548a(accessed 1 October 2020).

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