FT News Briefing

Football clubs are pouring billions into stadiums

A pile up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks, and European football clubs are pouring money into transforming stadiums. Plus, the FT’s Joe Miller explains why another bad bet by SoftBank could be trouble for the Japanese group.  Mentioned in this podcast:<a href="https://on.ft.com/3vAqHUg" rel="noopener noreferrer" target="_blank">SoftBank’s Gen Z social media bust: was IRL the next Facebook or a fraud?</a><a href="https://on.ft.com/47liuRn" rel="noopener noreferrer" target="_blank">The European football clubs turning stadiums into cash cows</a><a href="https://on.ft.com/3vrtLCg" rel="noopener noreferrer" target="_blank">Largest US banks set to log sharp rise in bad loans</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. <a href="https://www.ft.com/content/909a72c6-f127-4d0a-bf94-e410894d59e3" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.