Overview

Former Columbia Business School adjunct professor Steven G. Mandis, who analysed Real Madrid’s path to success in The Real Madrid Way, returns to examine how the club is coping with systemic changes in the sport of soccer and innovating the sport in the process. Founded in 1902 and granted a royal title by the king of Spain in 1920, Real Madrid Club de Fútbol went onto become the world’s most valuable sports team (by revenue), most popular sports team (by social media followers), and most successful sports team (by number of trophies). But today, this legendary, member-owned soccer team faces significant challenges, including: Soccer losing the global entertainment battle against other sports and platforms The proliferation of closely government-related, private equity, and multi-club ownership models—while Real Madrid are a not-for-profit club owned by 92,000 members The financial dominance and further separation of the English Premier League, the so-called “NBA of football” The conflicts of FIFA and UEFA being both regulators and hosts of tournaments A more congested schedule, leading to a glut of matches and more player injuries Players who earn more from endorsements than from playing the game An explosion of media platforms that enable a young generation of global fans to watch and engage with sports and entertainment in new and nontraditional ways With their top-tier status, not to mention the supremacy of their sport, hanging in the balance, Real Madrid’s trademark passion and values have never been more important. The Real Madrid Revolution showcases what it takes to stay on top when external forces are not working your favour—and how to innovate to be stronger than ever.

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9781637745311

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Steven G. Mandis is a former adjunct professor at Columbia University Business School, where he taught in the finance and economics department. Previously, he worked at Goldman Sachs and Citigroup and as a senior advisor to McKinsey. His books include What Happened to Goldman Sachs, The Real Madrid Way, What Happened to Serie A, and What Happened to the USMNT.  Mandis holds a BA from the University of Chicago and an MA, MPhil, and PhD from Columbia University. Mandis was a two-sport varsity athlete in college and now competes in triathlons, including the Ironman World Championships in Kailua-Kona, Hawaii; Ironman 70.3 World Championships; and Escape from Alcatraz.

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