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Areas of Research

Forma Research examines the financial, sporting and institutional factors that shape investment outcomes in football.

1. Football Markets & Investment


Ownership trends, league economics, valuations, regulation, capital flows and the structural factors influencing investment attractiveness across football markets.

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2. Club Economics & Value Creation


Revenue models, cost structures, stadium and infrastructure economics, player trading, capital allocation and the factors that determine a club's ability to create sustainable economic value.

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3. Institutional Capability


Governance, organizational structures, recruitment, sporting decision-making and the capabilities that determine whether performance is institutional and repeatable or dependent on individuals.

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4. Player Development & Academies


Academy economics, talent pathways, development models and the role player development can play in sporting performance and long-term value creation.

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