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Football (soccer) and currencies

The football besides being the most popular sport in the world has become one of the new options for earning foreign exchange.

No doubt many will be thinking that the number of hours men spend in front of the television watching football are in vain, however this activity can generate foreign exchange earnings if viewers want to apply the knowledge in the financial market.

What is happening is that in the first few months of a year, which is shaping complicated for all major markets of the world, the effects of the crisis delete, the roles of the European football clubs have become a refuge since been accumulating very good foreign exchange earnings.
The Lazio of Italy has passed the last two months listed on the Milan Stock Exchange and has won 26% in euros, while the turkish team Fenerbahce increase no less than 50.7%. As we can see the profitability of football clubs are now an option but to invest in foreign exchange and thus increase their profits.

The Dow Jones Stoxx Index Football, which brings together 27 shares of companies related to the business of European football was a gain of 1%, quite an achievement if one have in mind that the market share of the world accumulate losses of up to 16% Thus far in 2008.
Unlike what happens in Latin America, be on the stock exchange are a tradition among football clubs in Europe. Mainly in Britain, where some 15 institutions are paying contributions to the FTSE 100 index in London. In England the first team to open its account in the stock exchange was the Tottenham Hotspur in 1983 and then did Manchester United in 1991.

Many investors bet the football to protect its currency from the global crisis facing the economy. Investing their money through the most beautiful sport in the world can be the perfect complement where two opposing activities such as work and pleasure come together to form something homogenous.


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Tags: currencies, euros, stock exchange
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