Football is a multi-billion-dollar business, with hundreds of clubs worldwide. However, over time many different factors have led to a decline in the popularity and profitability of many teams. Watford Football Club is one club that had gone for years without success until Gino Pozzo took over as owner. The Football Club needed a revolution to increase its level of success.
Gino Pozzo took a struggling football club on the brink of disaster and transformed it into a profitable business, making it an attractive place to live and work. He has done this by building upon the club’s heritage, bringing in overseas investment, and even hiring some staff from other national teams.
Before this, the club had experienced a steady decline since its glory days of the late eighties and early nineties. This culminated in relegation to League One and financial bankruptcy under the previous owner’s control.
The club’s decline can be traced back to several factors. For a long time, the club needed a highly visible identity, which meant they could not raise money from sponsorships or events to help run the football club. The financial problems were also linked to increased expensive player acquisitions and wages.
Gino Pozzo invested heavily in the club, giving it a more attractive, recognizable identity. He has also acquired several new sponsors. With this investment and marketing, he has increased the popularity of one of England’s most historic football clubs. He turned the club into a profitable business.
Watford FC has enjoyed success on the field under the new owner. In his first season, the club was promoted back to the Championship. Since then, they have stayed at that level while continuing to improve their standing yearly. Pozzo has already invested millions of pounds in infrastructure and personnel into the club. The financial success and improvement in the field owe much to Gino’s diligence and foresight. See this article for more information.
Learn more about Pozzo on https://www.newsnow.co.uk/h/Sport/Football/Premier+League/Watford/Gino+Pozzo