Sports hedge fund tips Chelsea as 2017/2018 Barclays Premier League winner
The football season is back in the UK and other countries across Europe, with Arsenal beating last season’s Barclays Premier League champions Chelsea during the traditional pre-season Community Shield game.
However, despite missing out on the season’s first silverware, it will be Chelsea that will triumph come the end of the season according to Brendan Poots, CEO of Melbourne-based sports hedge fund Priomha Capital, who runs strategies that invests in various sports events including football.
Poots shared his predictions with InvestmentEurope, International Investment’s sister title, noting that the usual suspects top the markets for the 2017/18 Barclays Premier League with Manchester City favourite in the betting world at US$2.90, followed by Chelsea (US$4.70), Manchester United (US$4.90).
Behind the trio remain three other contenders : Tottenham (US$11.00), Arsenal (US$13.00) & Liverpool (US$16.00).
“Our ratings have Manchester City and Chelsea sharing favouritism at around US$3.50. Given the current markets City are not value but we do not want to oppose them… our only BACK (long position) pre-season is Chelsea.
“Manchester United, by our ratings are closer to a US$7.00 chance, consequently we have taken a position against them pre-season. Tottenham, Arsenal & Liverpool all look fairly priced,” Poots explains.
Tough fight to stay up
Priomha Capital’s CEO says that a solid season can be expected from West Ham, Everton and to a lesser extent Southampton as they should finish in the top 10 this season.
“We expect West Brom to drop a few places from last season, and we expect Newcastle to be very competitive in their return to the Premier League,” he argues.
The sport hedge fund’s ratings see Newcastle outperforming the two other promoted teams Huddersfield & Brighton and place the Magpies close to mid table at the end of the season. “We are heavily in Newcastle’s corner,” comments Poots.
“Huddersfield are expected to go straight back down. We cannot disagree with that. Burnley are strongly favoured by the market to be joining them. We do not agree with the market’s opinion. Burnley was very solid at home last season and there is nothing in the key indicators to expect this to change.
“Their home form alone will be enough to keep them up. Our ratings expect improved away performances and this should be more than enough to keep them safe. We will be backing them to stay up. Newcastle will have no issues staying up, now that they are back. This leaves Brighton, Watford, Crystal Palace and Swansea to be fighting to stay up,” Poots argues.