football industry

Industry Awards 2020TW
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WFS Industry Awards now open to applications until 18 October
WFS Industry Awards now open to applications until 18 October 2333 1313 WFS Live

This year’s WFS Industry Awards are now open to applications and will take place virtually at WFS Live on Friday, 27 November.

With applications now open, the deadline for submissions is 18 October.

The WFS Industry Awards were created exactly to acknowledge and reward the achievements of executives, managers, sponsors, agencies, media, NGOs and so many other professionals whose talent, passion and dedication help make football the world’s greatest game and a thriving industry.

Since the inception of the WFS Industry Awards in 2017, the ceremony has been a part of World Football Summit’s annual congress in Madrid.

Unfortunately, this year the event has been suspended due to the Covid-19 pandemic, but there are even more reasons to celebrate the work of the industry.

During the past months football has faced the biggest challenge of its history – one that is being overcome thanks to the talent, commitment and brilliant work of outstanding professionals.

This year they deserve to be rewarded more than ever, and with the invaluable support of our partners we are committed to doing so, and that is why we have decided to maintain the WFS Industry Awards.

The winners of each category will then be announced on 16 November and they will have the chance to be interviewed on our digital stage in a 20-minute session that will be part of the WFS Live Conference Programme.

There are also two new categories to make sure all professionals have the chance to join our Hall of Fame: Best Digital Platform and Outstanding Innovation Initiative.

As such, the WFS Industry Awards 2020 categories read as follows:

You can find information on how to participate, HERE.

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And the finalists for the 2020 WFS StartCup by GSIC are…
And the finalists for the 2020 WFS StartCup by GSIC are… 2048 1021 WFS Live

4D Sight (USA), BBox Sports (Netherlands), Beyond Sports BV (Netherlands), IDOVEN (Spain), Immersiv.io (France), iSPORTiSTiCS (Brazil), Pico-Get Personal (Israel) and Sport Buff (United Kingdom) are the eight finalists of the 2020 WFS StartCup by GSIC, the startup competition that aims to locate the best ‘sportech’ projects and/or startups with innovative solutions that can impact the sports industry in general, and football in particular.

These eight startups were selected after an online pitch that took place on Thursday July 9th during Day 4 of WFS Live powered by Ronaldo, a virtual event that gathered 158 industry leaders and over 3,400 attendees from 120 countries. They will all take the stage again in the next edition of WFS Live for a final pitch after which the jury will decide the winner.

The eight finalists come from seven countries (two of them are from the Netherlands) and three different continents. The majority of them are focused on providing fan engagement solutions for football properties through AI, AR, VR, Machine Learning and other technology tools.

The winning project will receive one year of free membership to the Global Sports Innovation Center powered by Microsoft and a scholarship to the GSIC Institute’s Master in Digital Transformation. All the selected finalists will receive two complimentary passes for the next edition of WFS Live, which will take place in Q4 of 2020.

This is the fifth edition of the WFS StartCup. Thermohuman, 3D Digital Venue,  YBVR and GameReady, winners of the four previous editions respectively, have since gained great notoriety in the sportech ecosystem. The 2020 WFS StartCup by GSIC registered 90 candidacies from 30 countries. The jury shortlisted 16 pre-finalists that had the chance to pitch during WFS Live powered by Ronaldo.

The jury of the 2020 WFS StartCup by GSIC is composed by relevant industry professionals such as Paul Bragiel, Managing Partner at Bragiel Brothers, Iris Córdoba, General Manager at GSIC, Danny Cortenraede, President & Business Owner at Wannahaves, Edson Crevecoeur, Vice President, Strategy & Data Analytics at 601 Analytics, Andrew Gilligan, Head of Research & Insights at City Football Group, Aaron Gourley, Editor at FC Business Magazine, Charlie Greenwood, Founder and CEO at Sports Loft, Samuel Jackman, Chief Development Officer at VenueNext Europe, Mathieu Lacome, Head of Research & Development at Paris Saint-Germain, Sebastián Lancestrémere, WW DT Partnerships & Sports Industry Managing Director at Microsoft, Sam Li, Head of International at Sina Sports, Thomas Lim, Deputy Chief at Sport Singapore, Massimo Marinelli, CEO at Aser Ventures, Rohn Malhotra, Co-founder at SportsTechX, Unmish Parthasarathi, Founder & Executive Director at Picture Board Partners, Fredda Rodríguez, Head of Digital and Emerging Technologies at CONCACAF, Minerva Santana, Director of Innovation and Global Development at LaLiga and Luis Vicente, Group CEO at Eleven Sports.

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Day 5 highlights: Drogba, Carney, Collina, Infantino, Ronaldo, and more
Day 5 highlights: Drogba, Carney, Collina, Infantino, Ronaldo, and more 1236 566 WFS Live

Day 5 of WFS Live was packed with action and relevant discussions. African leaders such as CAF General Secretary Abdelmounaim Bah or football legend Didier Drogba discussed the best strategies for the game to continue growing in the continent, Pierluigi Collina, Chairman of FIFA’s Referee Committee, addressed how VAR is changing the game for the good, and FIFA President Gianni Infantino shared his plans for the future with Ronaldo Nazário in a unique live conversation. And as a special treat for our Spanish fans, we had Vicente del Bosque, Fernando Hierro, David Villa and Juan Mata sharing their memories on the 2010 World Cup, in which the Spanish National Team conquered the world with their unique “Tiki Taka” style.

Gianni Infantino on hosting the FIFA Women’s World Cup every two years
“One idea that came in this period, and even before as well, is that maybe we should organise the Women’s World Cup every two years instead of every four years. For the next Women’s World Cup in 2023, we had a lot of interest around the world. We’ll go to Australia and New Zealand. Then, what happens next? Should we go to South America? Or maybe Europe or North America want to organise it again? Why not South America? Why not Africa? So, we need to see what we can do.”

Ronaldo Nazário on fighting against racism every day
“The fight against racism is not just a fight for black people, it’s everybody’s fight. We have to fight it every day. Nobody is born racist, but somehow people learn to be racist. We have to fight to teach those who learn that when kids. But, it’s everybody’s fight.”

Santiago Solari on the mental challenges faced by players during the Covid-19 lockdown
“During the lockdown, players have had to rely heavily on self-discipline and self-motivation. They have worked for weeks without the control of any staff and without the motivation of the daily competition and also without their teammates. For the first time in their careers, they’ve experienced the harshness and the loneliness of the preparation for an individual sport, which is much more difficult.”

David Villa on why Spain has to quit looking for the new Xavi and the next Iniesta
“It would be a huge mistake to try to find the new Xavi, the new Iniesta, the new Villa or the new Casillas. Spain has great players and great coaches. They are different to the ones that won the World Cup in 2010, but they are perfectly capable of building an excellent team. If we want to succeed in the future, we have to stop comparing the current players with the past players. If we do so, Spanish football has an enormous potential.”

Didier Drogba on the need to educate football players in Africa
“Education is the key. We need to educate the players because, for example, in Ivory Coast some of them don’t know how to read, how to write. Education is vital, it is crucial because you can’t focus just on creating good football players. This is a career that lasts 10, 15 perhaps 20 years, but after that there is a life and the move can be very difficult.”

Karen Carney (Visa) on the importance of long-term partnerships in women’s football
“When I first started playing I don’t think there was any partners, there wasn’t really big sponsors. Nobody really cared if I’m honest. Then, as England started to get to major tournaments, you saw sponsors and partners drop in at key times, maybe a year before the tournaments and then they would drop out. There wasn’t really any consistency. And what I noticed since now is that for instance with Visa’s seven-year partnership, which is incredible, Nike, Barclays… This stops those peaks and troughs of coming in at the key moments and then dropping out. How can the women’s game ever really develop like that? Visa’s seven-year plan shows confidence in the game and it shows believe and that’s massive for other brands as well.”

Pierluigi Collina (FIFA) on how VAR is forcing referees to change their mentality 
“Referees today grew up as referees without VAR, so this generation is in a process of big change. They have to adapt their mentality. To be clear, a referee on the field of play has been educated to defend the decision taken against everybody. Today he has to change this mentality because he has to understand and accept that his decision on the field can be overruled based on something that can be shown on the monitor. It’s a matter of mentality.”

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Gianni Infantino: “It’s time to speak about the international calendar, nobody is happy with it”
Gianni Infantino: “It’s time to speak about the international calendar, nobody is happy with it” 1242 570 WFS Live

FIFA President Gianni Infantino is keen to engage in dialogue with clubs and federations over the future of football’s calendar, a calendar that has already been completely shaken up by the Covid-19 pandemic. This is one of the main issues that Infantino addressed as he appeared in the closing session of WFS Live powered by Ronaldo, a Q&A which was hosted by Ronaldo himself.

The Brazilian legend asked the FIFA president about football’s calendar going forward and Infantino pointed out that it has already been shaken up due to the several months of inaction that the pandemic caused. Given that so many found the balance between club and national team matches problematic even before the crisis, now is the time for dialogue.

As Gianni Infantino said: “When you speak about it, you find out that nobody is really happy with the current international match calendar. You have national team games in September, October and November, then in March and then in June. You have players who have to travel halfway around the world back and forth for these games. I think it is time to speak about it.”

“It’s important to listen, to get input, to get opinions, to find the right balance,” he continued. “It’s important for us that we find the right balance between clubs and national teams. And not only a few clubs in Europe and a few national teams in Europe and Brazil and Argentina, but much wider than that. All over the world. We need to make sure that when we rethink our competitions at FIFA level, and also at national level, that we take the experiences we’ve had now with this crisis on board and we see how we can make football more impactful.”

“Nobody is really happy with the current international match calendar. You have players who have to travel halfway around the world back and forth for these games. I think it is time to speak about it.” – Gianni Infantino, FIFA President

The new-look FIFA Club World Cup will have a place in the new calendar, even if FIFA already agreed to move it from the summer 2021 slot. Ronaldo asked why not all in the football industry have been on board with the plans to revamp and expand this Club World Cup, and Infantino responded as so: “I don’t know why they’re afraid. Maybe because it would become the best club competition in the world very soon. I think it’s an example of something I’ve said before. When we decided to do the new Club World Cup, we decided at the same time to stop with the Confederations Cup and the current Club World Cup. I think we are the only sports body in the world that doesn’t just add, but that replaces and makes something that is more relevant and more interesting.”

Delving into the impacts of COVID-19 on the world of football, Infantino told Ronaldo about how FIFA is trying to help organisations around the world and how a relief fund of 1.5 billion dollars has been created. Even still, there are no one-size-fits-all solutions.

One of the repeated themes of the WFS Live week, which was held from July 6th to July 10th, was the issue of women’s football and how the impact of the coronavirus crisis could be even harsher for the women’s game. FIFA are aware of this, as Infantino explained.

“Women’s football is a top priority for FIFA and we have created a specific task force and working group to deal with questions about women’s football in this particular crisis,” he revealed. “We have committed 1 billion dollars from the next four years to be invested by FIFA in women’s football and, in spite of the crisis, we’ll continue with this investment of course. As part of our relief plan, we’ve invested in women’s football as well. So, I think we should not use coronavirus to put women’s football aside. On the contrary, we have to help women’s football even more because it has a bright future.”

“Maybe we should organise the Women’s World Cup every two years instead of every four years”, Ganni Infantino – FIFA President

Moving on to that future, Infantino suggested that the FIFA Women’s World Cup could become a biennial event. He said: “One idea that came in this period, and even before as well, is that maybe we should organise the Women’s World Cup every two years instead of every four years. For the next Women’s World Cup in 2023, we had a lot of interest around the world. We’ll go to Australia and New Zealand. Then, what happens next? Should we go to South America? Or maybe Europe or North America want to organise it again? Why not South America? Why not Africa? So, we need to see what we can do.”

The conversation between Ronaldo and Infantino concluded with some thoughts about football and footballers’ role in social movements, such as Black Lives Matter. Infantino explained that he is fully behind players voicing opinions on such matters, saying: “Players are people. So, for me, it’s normal and natural that they express their views. I’m definitely a defender of freedom of expression, always with respect and never with disrespect or with violence. But, whenever a football player is expressing their views or opinions in a respectful way or the right way then obviously this has to be welcomed because it has an impact in society and we want football to have a positive impact in society.”

Ronaldo completely agreed with that sentiment and called for education to play a role. As the Brazilian concluded: “The fight against racism is not just a fight for black people, it’s everybody’s fight. We have to fight it every day. Nobody is born racist, but somehow people learn to be racist. We have to fight to teach those who learn that when kids. But, it’s everybody’s fight.”

A selection of Gianni Infantino’s quotes :

On altering transfer market rules to allow players to finish 2019/20 with their current clubs:
“With different laws in different countries and with different interests in different countries, and also with different clubs, we had to find some reasonable and flexible rules and we amended our regulations on a temporary basis for this period for the transfers in order to, mainly, protect the integrity of the competitions. It’s important that if a player starts a competition with a club that they finish the competition with that club as well, or at least that we protect the integrity in the sense that this player cannot go on June 30th to play for another club in the same competition and play the last few matches there. Because this, of course, would not be fair from a sporting point of view.

On the busy schedule facing world football over the coming years:
“The Champions League will be finished at the end of August and then we’ll immediately have national team games and then the new season starts and then it ends with the Euros and the Copa America. Then we’re already into 2021/22 and then that’ll be the year of the World Cup. So, it’ll be a very right schedule for the next couple of years. We have to realise that the core of football is the players. I think some people in some management positions have forgotten that, certainly in the past and maybe some as well in the present. We have to realise that, at FIFA, we are here to make sure that the stage is set for the main actors, which are the players, to shine. We need to be very careful and very mindful about this, about the health of the players. For this reason, for example, I’m happy that the IFAB agreed with the proposal of FIFA for there to be five substitutions for this period.”

On holding matches behind closed doors:
“To watch these games without spectators is sad. It’s sad. Of course, it’s better than nothing, but… I was saying before that the players are the heart of the game, but the fans are the soul of the game. I think that without fans it’s like without players. It’s not really football. In this moment, it’s not possible because of health reasons. But, we need to work to have the fans back in the stadiums as soon as it’s possible from a health point of view.”

On FIFA’s role in education:
“There are many many topics that we can speak to children about through football and we can help in the education of children. So, FIFA is investing in the Football For Schools Programme 100 million dollars to give 700 million children around the world the possibility not only to play football, but mainly to have, through football, the possibility to learn a few skills which are important for their lives.”

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Day 4 highlights: Simon Oliveira, Al Guido, Joe de Sena, the WFS StartCup and more
Day 4 highlights: Simon Oliveira, Al Guido, Joe de Sena, the WFS StartCup and more 1097 521 WFS Live

Day 4 of WFS Live powered by R9 saw leading social media experts discuss why athletes are becoming powerful influencers and why this trend is only just starting. Successful entrepreneurs like Alejandro Agag (Extreme E) or Joe de Sena (Spartan Race) exchanged views on what football can learn from other sports, whilst Barça’s Marta Plana and Pixellot CEO Alon Werber addressed the crucial role of technology in the “New Normal”. Plus, we had the semi-finals of the WFS StartCup by GSIC.

Simon Oliveira (KIN Partners) on who can become the LeBron James of football:
“If you look at the audiences of Messi, Ronaldo or Neymar I think they have the power of a Ferrari in their hands but they’re still learning to drive. They have enormous potential, some individually have more than the combined audience of The New York Times, The Washington Post and the LA Times put together. However, I think where LeBron was very clever was he very much identified what the content slate would be from his perspective. It was built around American black culture and things that he was passionate about. I think any footballer going to this are needs to be very clear as to what their identity is and what the content stream and platform should be for.”

Al Guido (49ers) on the need to embrace user-generated content
“We have 20 people on our content team capturing 49ers and other sports every single day. However, we have 10 million fans all over the world capturing 49ers content, so you have to embrace it. User-generated content is just another form of our 49ers Studio team. Last year, Live Nation and Ticketmaster had more reaction for tickets going on sale for the NFL season based on user-generated 30-second advertisements versus studio-recorded production quality, because people want to be in the action, they want to see what happens there.”
Alon Werber (Pixellot) on how automation and AI can save clubs post-Covid
“A lot of clubs in the world live on venue tickets and are going to lack revenue streams in the coming season, in which there are going to be severe restrictions on stadium attendance. Bringing quick and low cost production to allow them to continue connecting with their fans via a subscription model or through sponsorship deals can be almost a matter of life or death for these clubs in the coming season. At Pixellot we’ve been engaging AI and computer vision to film, produce and stream completely automatic games for 4 years and today we are installed in around 8,000 fields of 16 different sports. Last January we were producing live 100,000 hours of life events.”
Ricardo Dias (Ambev) on bringing content to people’s homes
“It’s time to stay at home. We are taking the opportunity to create new occasions for consumption. We are investing in e-commerce, lives and bringing them to people’s homes. It was not part of the plan, but it will certainly add a lot of value in the future.”
Diogo Kotscho (Orlando City SC) on creating and engaging digital communities

“At Orlando City, what worked was creating and engaging an entire community. As a result, today it is easier to see Orlando City flags, shirts and stickers around than Orlando Magic, the traditional NBA team and more related to tourism. We brought Kaká in the first year, which was important to start our journey with the fans.”

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Day 3 highlights: Ronaldo, Mata, Popal, Verón and more
Day 3 highlights: Ronaldo, Mata, Popal, Verón and more 1242 565 WFS Live

Day 3 of WFS Live powered by R9 saw former and current football legends take the virtual stage to address both on the field and both the field topics. Rebecca Smith and Khalida Popal discussed the best way for women’s football to tackle Covid-19 and continue its growth path during a panel sponsored by Visa, Juan Sebastián Verón explained how a good education boosted him from the youth teams of Estudiantes to the Chairman’s office in a panel sponsored by Johan Cruyff Institute, whilst Ronaldo and Juan Mata shared their experiences as social activists in a panel sponsored by Santander.

Ronaldo Nazário on how Covid-19 will impact football for good organisations:
“Covid-19 is going to make a big impact on foundations and NGOs because the companies that fund these organisations have suffered a big blow and we know that whenever there is a crisis the first thing they cut is donations. What we have to do as foundations is to find solutions, find ways of proposing new projects. With Fundação Fenômenos we are developing channels and platforms to try to identify where people are suffering most in Brasil and do our best to provide assistance. It’s not what we normally do, but it is what is required. There are a lot of communities in Brasil that have no assistance and we have to provide them with an opportunity to overcome this crisis with dignity.”

Juan Mata on players becoming increasingly involved in social causes
“There are a number of reasons that explain why athletes’ voices are becoming more influential. Social media has become a very important tool for professional footballers and athletes in general, and, as we are seeing with all the young players joining Common Goal lately, players are realising that when you are a footballer you have a very powerful platform. When you state your views, people listen, and a lot of players are starting to use that power to speak up for social causes. I think this is already a trend, and I think that it is going to grow even more in the coming years. More players will realise the power they have to reach people, because in that sense nothing matches the power of sports and football.”

Juan Sebastián Verón (Club Estudiantes) on the need for clubs to ensure their player’s education
“At Estudiantes we use football as a vehicle to educate kids. We receive kids from all types of places, some of them with important needs, and it’s important that we ensure that when they leave they have finished secondary school, which is the minimum needed to get a job. I think that’s what the club has to do, and I think the kids have the right to receive that education. They’re going to invest around 10 years chasing a dream that may never come true. If that happens, I want them to know that the club gave them the chance to finish school and go back home with something. If they get to be players, that will be excellent, but if they don’t make it we want them to have another opportunity in life.”

Tatjana Haenni (Swiss Football Federation) on the need for football organisations to talk less and do more
“If you talk to male players, they are usually super supportive and helpful. If you talk to people in society, they are open to women sports. If you talk to people in the economy they see the benefits as well. It’s developing everywhere, but where we still struggle is in places in which changes could be made immediate and that’s sports organisations. These organisations quite often in my opinion do a bit more talking than actually doing. They could really reinforce the case of women’s sports much quicker and put the right structures in place.”

Toni Ordinas (Lillestrøm Sportsklubb), on how Bepro is revolutionising data analysis in football
“During more than 20 years I had the feeling that I just watched the matches, didn’t analyze the matches. With Bepro this has changed. For the first time I have the chance to see what happens on the pitch, what players do and how they interact. In youth football it’s important that we not just look at the physical parameters but also the fundamentals, this is the most important thing when you are developing a player.”

Mic Conetta (Arsenal FC) on using data to build fan engagement
“Clubs have to balance the amount of information that is available to them and really focus on what part of that information is going to drive and build out that fan experience and nurture and develop the relationship with the fans, because you can go down a lot of rabbit holes chasing a lot of data that won’t deliver much value back to either the club or the relationship with the fans.”

Iván Codina (LaLiga), on how LaLiga kept its fans engaged during the Covid-19 lockdown  
“At the beginning our main focus was definitely to show our commitment with the fight against Covid-19, specially with the dramatic situation that we had in Spain. That was our main focus. After that we were also able to provide content around the protocols for clubs to resume training and the restart of competitions, and also on all the initiatives that our clubs carried out around the restart of LaLiga.”

Ale Xavier (Desimpedidos) on how Covid-19 is forcing media companies to reinvent themselves 
“In the pandemic, more than ever, we need to reinvent ourselves, produce different content related to sports and leverage tools that already existed but we didn’t know how to use. We also need to make the best use of all available platforms.”

Dani Alves (Brasil National Team) on the need to come together to make real impact
“Individual voices don’t make much of an impact. They need to be together and in different parts of the world. All lives matter. We are in 2020 debating about the same things and haven’t evolved yet. We have to position ourselves as humans and not as football players or a sports athlete in general.”

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Experts call for women’s football to receive more investment during the Covid-19 crisis
Experts call for women’s football to receive more investment during the Covid-19 crisis 1237 588 WFS Live

While the coronavirus crisis has impacted sport at all levels, the effects on women’s football have been especially severe and this is why industry experts have called for there to be even more investment in the women’s game than in the men’s game at this time. Given the weaker fundamental structures of women’s football, equal investment wouldn’t even be enough. Instead, the argument is that there’s a need for the authorities to put greater resources into women’s sport.

This was one of the main talking points during the ‘Women’s Sport: The Necessary Steps For A Progressive Future’ panel during WFS Live powered by Ronaldo, which was moderated by Alexandra Gómez Bruinewoud, senior legal counsel at FIFPro. It had Tatjana Haenni, director of women’s football at the Swiss Football Association, Bex Smith, global director of the women’s game at COPA90, Khalida Popal, founder and director of the Girl Power Organisation, and Jorge Garbajosa, president of the Spanish Basketball Federation, as guests.

As Gómez Bruinewoud explained: “At FIFPro, we have been studying women’s football in general, but also we’ve put a little bit more interest on the effects of COVID-19 on women’s football. Of course, as everyone who is interested in football in general and in women’s football in particular, we were really really worried about what would happen. We did some research and what we’re encouraging and suggesting is that actually, in this moment, it’s not enough to say ‘ok, we’ll invest the same in women’s football’, which is not even the case by far anywhere. It should be even more! They need extra support because the structures are weak and the basis is still not there.”

In certain countries, solid structures are in place and Smith raised the positive example of the DFB, the German federation. She said: “I think the structures need to be in the right place. If you have the right structures then a great example of that is what the DFB did with the solidarity fund that the top four clubs then distributed and it actually went to women’s football because that was the equitable thing to do.”

Such a positive example is rare, though, and the panelists agreed with the need for financial backing of women’s sport at this time. “To really convince the last people who are still not seeing the opportunity and the potential, we need some money coming into women’s football and you can actually make a business case, but you need a decent plan,” said Haenni.

It’s not only about financially supporting women’s sport during the times of COVID-19. It’s about doing so at all times. Encouragingly, Garbajosa revealed that the Spanish Basketball Federation were thinking about this issue even before the pandemic and they realised that there was a need to not just fund women’s basketball equally, but to actually allocate a little more to the women’s game.

“We are investing a little bit more in women’s basketball than in men’s basketball,” Garbajosa told the WFS Live audience. “In terms of the commitment of the men’s basketball players with the women, here in Spain in our federation it is 100 percent. When they get a bonus, the bonuses for the men and the women are completely equal. The money that they get for every day that they practice or play games is completely equal also. It’s a matter of being fair because the effort they show on the court every day is the same so they have to get the same from our federation.”

Ultimately, having more women in leading roles will help to bring about the positive changes that are needed and this was another takeaway that the panelists agreed upon. “I think it’s very important to create more job opportunities and educational opportunities for women to gain the skills to be more involved in developing the women’s game, as we need more women,” Popal concluded.

This panel took place during the third day of WFS Live, which is running from Monday July 6th to Friday July 10th. It is still possible to buy a ticket here, with all net proceeds to be donated to Fundação Fenômenos and the Common Goal COVID-19 Response Fund.

Quotes from the ‘Women’s Sport: The Necessary Steps For A Progressive Future’ panel

Tatjana Haenni, on the business case for women’s football:
“I think women’s football is a business case. I think it’s the biggest growth opportunity in terms of participation, sponsorships, partnerships, media partnerships. If you don’t have a proper business plan and investment behind then you just don’t get the results as quickly as you can. If I look at the FIFA Women’s World Cup as an example. It still doesn’t have its own sponsorship packages. It’s not unbundled as far as I know. That might have reasons for it because maybe the contracts are so long that they can’t unbundle it. But, I haven’t really seen a plan. Whereas, at the UEFA level, you see that there are specific sponsors for the Women’s Euros. So, there is the momentum for a commercial business case for women’s football.”

Bex Smith, on the media’s role in setting and defining value:
“Actually, media has an even bigger role to play than just giving visibility. I think that just in the way how media divides the time that women get and men get, that puts a value on it. [It suggests] that men are actually worth more and valued more and that people should then invest more in the men’s side of the game.”

Khalida Popal, on unhelpful comparisons between women’s and men’s football:
“Media has a huge impact on women’s football. It helps women’s football a lot, but we have to also understand that the way some media communicate is wrong. We have to stop comparing women’s football and men’s football. Women’s football is a beautiful product. We have to communicate it and we have to sell the story differently. Most of the media channels are making the mistake of comparing women’s football. That’s why we’re getting hurt in terms of sponsorship deals, in so many ways and also getting fans.”

Jorge Garbajosa, on investing in women’s sport for the right reasons:
“Sometimes, from the men’s point of view, the investment in women’s sport is like a kind of charity. No, it’s not a charity. It’s a strategic pillar of the development, at least in Spain, of our sport. Here, there’s no difference between men or women. Our goal is to develop our sport and one of the main pillars is women’s basketball as we try to reach our goals.”

Alexandra Gómez Bruinewoud, on how some women footballers are more political in the media:
“We’re seeing in women’s football lots of very highly educated women that have a lot to say and probably that’s also connected to how they’re expressing themselves in the media, how they put through strong messages, how they’re a little bit more political if you want to describe it in a word maybe. I think it was, I don’t know if surprising, but something to highlight and pay attention to if we looked at the awards of The Best of FIFA, where Messi won The Best for the male players and Megan Rapinoe for the women players. Then, you looked at their speeches. Without needing to compare them, you see how different they were. Rapinoe was really giving a political stand, whereas Messi was not and was giving more of a personal speech.”

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Leading investors remain confident: “Over the long run, sports is going to be a great investment”
Leading investors remain confident: “Over the long run, sports is going to be a great investment” 1236 575 WFS Live

All areas of the sports industry have been affected by the coronavirus pandemic and this includes the investment in sporting businesses. While there may be disruption in the short term, several leading investors believe that the industry will continue to provide excellent opportunities over the long term.

This was the view of the three panellists who took part in the ‘Aftermath Of Investments In Sports’ discussion during WFS Live, Powered by Ronaldo. Taking part in that virtual round table were George Pyne, CEO and founder of Bruin Capital, Assia Grazioli-Venier, founding partner of Muse Capital and a Juventus board member, and Andrea Radrizzani, chairman and founder of Aser Ventures.

They concurred that the passion and emotion inherent in sports means that the industry will be in good health once the Covid-19 pandemic is over. “Over the long run, sports is going to be a great investment” Pyne stated. “Long term, there’s nothing like sports. Sports represent who you are and what you stand for and your values. So, there’s nothing like it. Sports brings people together during difficult times for positive outcomes. So, that’s an incredible outcome in a world that is going to be more fragmented from a media standpoint. Sports is one of the few things that you can invest behind that gets you big and passionate audiences.”

“Long term, there’s nothing like sports. Sports represent who you are and what you stand for and your values. So, there’s nothing like it.” – George Pyne, CEO & Founder – Bruin Capital

That said, Pyne did admit that the short-term outlook is less certain. He went on: “In the long term I think sports is a great play. In the short term it’ll be a little choppy, but in the short term it provides real opportunity. So, I think you’re going to see more and more people look to invest in the sports business for those reasons.”

Grazioli-Venier agreed that there is a lot to be positive about when looking a decade into the future. “I am long-term investor. I look seven to 10 years ahead. I’ve always done that since I was a child. I’m the opposite of living in the moment. For me, I look seven to 10 years ahead and I see teams becoming true lifestyle brands, not just communicating and engaging with the fans on the pitch, but working with them across the board in the other areas of their lives. That’s why I think you have to look at investment opportunities outside of the core sports space.”

Radrizzani, meanwhile, joked about how he’d never had so many people return his calls as he has experienced in recent months, expressing his optimism that there will be good opportunities in the sports industry for a long time to come.

This panel took place during the second day of WFS Live, which is running from Monday July 6th to Friday July 10th. It is still possible to buy a ticket here, with all net proceeds to be donated to Fundação Fenômenos and the Common Goal Covid-19 Response Fund.

Quotes from the ‘Aftermath Of Investments In Sports’:
  • George Pyne on what he looks for in an investment opportunity:

“You’re asking is the strategy good or is the jockey. We believe that you can have the best ideas, but without the right management you can’t go anywhere. To me, you’ve got to have the right management team and the strategy. You’d like to get both. But, if I had to pick between one and two then I’d rather back the people because, even if the people are going down the wrong road, eventually they’re going to find the right road. So, of the two, I believe in people over strategy, but I’d like to find good strategy and good people.”

  • Assia Grazioli-Venier, on the current capital flow:

“There is capital flowing around. It surprised me as well to be honest, because we all operated on the worst-case assumptions during the first three months of Covid and that’s how we prepare for the future. I think all of us on this panel are used to doing that. But, I was very very surprised at how much capital is flowing. It’s more important now than ever that, because it’s not as much capital, that the capital is value-add and that you really choose your partners wisely.”

  • Assia Grazioli-Venier on teams and franchises further embracing non-gameday revenue streams:

“I think teams have to start thinking again and not just on the pitch. They need to realise that they truly are a lifestyle brand. Ten years ago, or longer than that, if you said that teams were selling merchandise and selling mugs and pins then you would have said that was crazy. Now, it’s full speed ahead. It’s a strong source of revenue. So, there are still a lot of new opportunities that we can explore.”

  • Andrea Radrizzani, on the appetite for investment he has come across in the past few months:

“I’ve been trying to put together finance in football leagues for the last eight years and I was always very close, but with no luck to conclude any deal. But, the last four months, I think I’ve never seen [so many people] call me back from New York or London. We’re working on different opportunities. Overall, I think it’s a great chance for leagues to involve different management and more professional management and inject capital that can close a short period of need, but at the same time regenerate and invigorate and completely restructure the business case.”

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Day 1 Highlights: Tebas, Sir Martin Sorrell, Desiree Bellia, Butragueño and more
Day 1 Highlights: Tebas, Sir Martin Sorrell, Desiree Bellia, Butragueño and more 1238 583 WFS Live

The first ever edition of WFS Live kicked off today with seven panels featuring top-notch leaders from properties such as LaLiga, FIFA or Real Madrid and companies such as S4 Capital or Eleven Sports. Speakers discussed deeply around the impact of Covid-19 on different areas of the sport and the industry such as European competitions, women’s football, media rights, the transfer market or player’s salaries. Here are some of the main highlights of Day 1:

Javier Tebas (LaLiga), on Covid-19 and the transfer market

“There will be some transfers, but those which each club can manage economically. But big signings paid in money, we’re not going to see that. One of 100 million euros is impossible. And those above 50 million euros, we’ll be able to count on the fingers of your hands and mine.”

Ornella D. Bellia (FIFA) on the lessons learned from Covid-19

“One of the lessons of Covid-19 is that more women leadership positions are needed to help deal with crisis situations. If you look at the countries with some of the best Covid-19 responses, they are countries lead by women. If you look at Germany, but also New Zealand, Iceland… These countries stood out for their prompt, efficient and effective response tu the crisis.”

Ebru Koksal (Women in Football) on the lack of support mechanisms for women in the industry

“I didn’t have a good support mechanism, I didn’t have a mentor, I didn’t have another women in the Board of Directors, I didn’t have anyone to got to, I was all alone. It’s so difficult to survive in that environment because everyone is trying to crush you. It’s very hard to survive unless you have the support mechanisms, but also equally important is having self awareness in your leadership journey.”

Magda Pozzo (Udinese & Watford), on women thriving in innovative areas of the business

“We need to do more as women, we need to create a movement, but I think it’s just a natural development of the business. I think we’re seeing a change with so many innovative areas of the business growing. Areas in which women are very good, so it’s going to come very natural. I’m very positive and very optimistic about that.”

Sir Martin Sorrell (S4 Capital) on the effects of Covid-19 on football

“In my view there are too many football clubs, they have to be consolidated. Players are probably over-remunerated, they will have to be remunerated in different ways. The leagues are going to have to be run more efficiently and professionally because the competition is going to be huge.”

Paul Barber (Brighton & Hove Albion) on Covid-19 being a wake-up call for the football industry

“One of the problems for some years is that clubs have been living beyond their means, they’ve been spending more money than they’ve been bringing in and relying on either player sales to get out of trouble at the end of each season or an uplift in TV or sponsorship income. I think that perhaps this is a wake-up call for all of us to manage our business more prudently that we’ve done in the past. We’re all guilty at some point of just stretching that little bit too far.”

Emilio Butragueño (Real Madrid) on the lessons learned from Covid-19

“The first lesson is that what seems imposible is possible, everything can change overnight. The second is our ability to overcome difficulties. We’ve been able to comeback and we should be very proud. The third lesson is that we have to be united. When we are united, we win. I think these are the three lessons of this period.”

Luigi de Laurentiis (SSC Bari) on the impact of Covid-19 on player salaries

“Salaries will probably be going down around 20-25 percent, which would help. I think overall if we’re talking about big players they will keep their value, but definitely in the shorter period we’re definitely going to see some minor numbers in that department. So yes, I think salaries and transfers will be affected for now.”

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Javier Tebas: “Within three seasons, football will be back to what it was”
Javier Tebas: “Within three seasons, football will be back to what it was” 1349 639 WFS Live

The coronavirus pandemic has completely shaken up the football industry, with some leagues having to be cancelled and with others only returning without fans. LaLiga falls into the latter category, having returned on June 11th to complete the final 11 rounds of the campaign behind closed doors.

There have been significant financial losses for those involved in Spanish football, but LaLiga president Javier Tebas does not believe that there will be serious long-term effects from Covid-19, assuming a vaccine can be found and distributed. Speaking on the opening day of WFS Live, Powered by Ronaldo, Tebas mapped out a timeline for football’s gradual return to complete normality.

“I think it will depend on the autonomous communities,” he said when asked when we should expect fans back in Spanish stadiums by interviewer Alfredo Matilla of Diario AS. “We’ll see if it happens at the end of this season or at the start of next season. It’ll be something awkward and in percentages. I think 30% of the stadium’s capacity is the maximum that there will be. And it’ll be awkward because there will be a need to have people entering early and they’ll need to be told where to sit and at what hour they can go.”

Despite the inconveniences that will come with the matchday experience in times of Covid-19, Tebas still expects supporters will want to go. He said: “It will be more uncomfortable to go to matches. But, I think that many fans will go at this 30% level to see their team, even with this awkwardness. Until we have a vaccine that allows us to all go together without any problems.”

Once a vaccine is ready, Tebas is convinced that football can completely return to normal without lingering aftereffects from the crisis. On that, he told the WFS Live audience: “I think that football will return to what football was. Once we find a vaccine, maybe then it’ll take another year. But, it will go back to what it was, with fans in the stadiums, with the stadiums full, with the passion for football, with the same audiovisual broadcasts. The economic values will once again be where they were. It won’t change a lot. It’ll change what we’re doing right now, but we’ll return to what we were before and I have no doubt about that. There won’t be an economic shrinking within three years. I’m convinced that within three seasons, or maybe a little less in my opinion, that we’ll be back in the kind of situation that we had been in.”

Despite his optimism for the long-term health of the football industry, Tebas does believe the 2020 summer transfer window will be quite different to those of previous years. The LaLiga president stated: “There will be some transfers, but those which each club can manage economically. But, big signings paid in money, we’re not going to see that. One of 100 million euros is impossible. And those above 50 million euros, we’ll be able to count on the fingers of your hands and mine.”

Tebas spoke on the opening day of WFS Live, which is running from Monday July 6th to Friday July 10th. It is still possible to buy a ticket here, with all net proceeds to be donated to Fundação Fenômenos and the Common Goal Covid-19 Response Fund.

A selection of Tebas’ quotes from his WFS Live panel
  • On how LaLiga’s audiovisual rights are worth the same as before to broadcasters:

“I believe that the audiovisual value won’t be affected immediately. Everyone is saying there’s a need to reduce the fees and what is being earned, but in my opinion the audiovisual and entertainment sector is one of those that has come out reinforced from this crisis. If we look at Netflix or HBO, these companies have seen their subscriber numbers go up a lot. What can be affected is the money that consumers have, but in general I don’t see there being a major effect that can then affect us.”

  •  On the potential damage had the season been cancelled like in France:

“Only up to June 30th of the 2019/20 season, it would have to been something over 1,000 million euros or 1,100 million euros in losses, also counting what teams would have lost in the Champions League and everything. By no longer bringing in revenues, it would have generated a problem in terms of losses because we’re not a sector where the profit margins are very large.”

  • On the need for economic control measures to be maintained or perhaps made stricter:

“In Europe there has been an important debate that we’ve been involved in about UEFA’s economic control, where some big clubs wanted things to be laxer. We and the Bundesliga insisted that it can’t become laxer. Quite the opposite. There’s still a need to be more rigorous so that there isn’t a major difference between the revenues you bring in, which have gone down because of COVID, and the spending, especially that on wages and others you have in the club.”

  •  On coronavirus’ effect on the European Super League project:

“What this league has shown us, especially for UEFA, is that strong national leagues together can organize the calendar. Together we’ve tried to ensure the audiovisual rights don’t lose value. We’ve realized that together we can do things a lot better. That UEFA and the big clubs should not go on their own. I think that has weakened the Super League project quite a lot because many clubs have realized that it was very important to maintain their national market and to save it during this situation.”

  • On whether he’d prefer Xavi or Neymar to return to Barcelona:

“For Messi to stay at Barcelona.”

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