What Channel Are The World Cup Qualifiers On Rugby Supporters Manage Finances Better Than Football Fans

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Rugby Supporters Manage Finances Better Than Football Fans

Rugby fans may be smarter about handling their finances than their football-supporting peers, new research reveals.

With England’s rugby team starting their World Cup defense in France and the national soccer team preparing for a Euro 2008 qualifier with Israel this weekend, a study by Callcredit suggests the former may be better. in managing their money. Suggesting that the stereotypes may be true, the credit reference agency noted that the type of middle-class rugby fan is able to finance going to matches more adequately than working-class football followers. On the other hand, it was reported that those who watch rugby are less likely to have loan and credit card debt to support their team.

Commenting on the research, Owen Roberts, head of MyCallcredit, said: “From our research we found that 77 per cent of rugby fans are home owners, while only 20 per cent of football fans have managed to set foot in a property . We also found that rugby fans are less likely to go into debt to fund their habit than football fans.”

“Standing behind the national team, be it rugby or football, is an exciting experience for many of us. But with few of us on salaries similar to our sporting heroes, we all have to consider the financial implications of our sporting passions,” Mr . Roberts added.

Citing a Mintel survey, the credit reference company reported that football supporters “are at risk of seriously damaging their finances in pursuit of the beautiful game”. According to the figures, some fans can spend thousands of pounds just to follow their team, which in turn can affect their ability to service other areas of their finances such as overdrafts, mortgages and loans.

Meanwhile, Callcredit also pointed to Tom Cherrill, a 25-year-old from South London, as an example of the financial pressures football fanatics can put on themselves. He said: “I think I’ve spent thousands of pounds supporting Newcastle United over the years and I’ve tried to get to as many games as possible. I’ve never had to collect them all before though, but with train fares, hotels and nights factored in, it’s shocking that it’s such a massive part of my outgoings.”

Whatever sport they follow, those who are concerned about the level of debt incurred by supporting their team, in addition to other restrictions on their monthly outgoings, such as home loans and credit cards, may want to take out a debt consolidation loan. debt. Earlier this year, David Kuo, head of personal finance for the Motley Fool, claimed that opting for such a low-rate loan could serve as a “welcome lifeline” for those consumers who find themselves in serious trouble. financial. However, with research from the financial services provider showing that around three in five debt consolidation consumers borrow more money in the future, Mr Kuo urged Britons to plan their finances properly and avoid the temptation to went back into the red.

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