"The purpose of this study was to clarify the transformation process， how to finance of
utilized a modernization stadium， and this transformation process placed in management
history of football club in England. Thereof I consider about these from the point of view on social background such as structural change of Pro Football League and British Sky
Broadcasting. I discussed about the reason why a stadium in England has been modernized，and has utilized as finance.The stadium modernization has began at two accidents in a stadium caused by hooligans in England. After that, FAPL which includes the complicated factors such as a interventing of a satellite broadcasting by Murdoch and competing the initiative between the association of soccer and the soccer league. The expense of repairing a stadium was increasing as the soccer gradually grew as a huge industry worldwide. Therefore a way of raising fund attracted. its transformation was divided into four periods by the way of raising fund as follows
The first period (-1990) : An English stadium was affected by Taylor report it changed from a pre-modern which was terrace-centered style to a modern stadium where all seats are reserved. The second period (1994 -1999) : till introducing hospitality business as a new way of raising fund in the modern stadium. The third period (1999-2004) : after profit of ticket in a stadium was controlled with securitization and raising fund from a market in a long term."