In 1998 England lost at football to Argentina in the World Cup. In the three days that followed, hospital admissions for heart attacks rose by 25%. In a different study, the same researchers discovered that the stock prices of publicly traded European football teams tend to go up when the teams win a lot, and fall when they lose – regardless of revenues and profits.
The first mention I can find of structured products linked to football is in 2003, when we reported on the Federation International
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