Glenda hits the finance-raising trail
You may remember Glenn Hoddle as the sophisticated, non-tackling England midfielder who went on to manage the national team (with little success). Now Hoddle has turned into an entrepreneur, looking to raise share capital for his new football academy.
There is some excellent business studies material in a BBC website article today. it describe how Glenn Hoddle is trying to raise several million to fund the startup of his Spanish football academy.
You would think that Hoddle would have plenty of high net worth contacts who might be persuaded to invest. Time will tell.
I like the table on the BBC article that highlights the potential revenue/income streams that Hoddle hopes his new business will attract:
Outsourcing - clubs may send players for training
Sponsorship - companies can sponsor the academy
Signing-on, trial and loan fees for clubs signing graduates
Agent fees - the academy can manage its graduates careers
Development fees - paid by clubs when graduates pass milestones
TV programming - making of reality TV programmes
I bet the business plan makes interesting reading. Read more about it here
http://www.glennhoddleacademy.com/introduction.html
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