As the FIFA World Cup fever rages on, Binod Shanker, the managing director of Kaplan Genesis Institute, explores the links between football and finance.
It is often said that finance is everywhere around us. But in football? Now that we are in the middle of World Cup fever, let’s talk numbers. We kick off with a recent analysis by Goldman Sachs (GS).
Over the last 40 years, we’ve seen a correlation between success in the tournament and the stock markets. GS says the winning team in 2014 can expect its country’s stock market to outperform global equities by 3.5 per cent in the month following the tournament. Why? To know the answer to this question, read Binod Shankar's article on gulf business.