

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.
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.
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.
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.