On one hand, football companies both domestically and internationally have been generating increasing revenues for years; on the other hand, reports about heavily indebted clubs on the brink of insolvency continue to emerge. Christopher Huth examines the efficiency of the strategies employed by football companies to make their revenues less dependent on the sporting success of the clubs. He proposes, for the first time, the use of derivative instruments—forwards, swaps, and options—as a means that has not yet been considered in the risk management of football companies. The author demonstrates that options are the best alternative for reducing financial risk in football companies.