I think we all understand the idea of "investing" in just about any sport is mainly about gifting money to your favourite club, but I wonder if there is a tax difference?

If you wish to give the club n£ per annum it's no different from buying super (extra super?) expensive gifts for someone out of your own, tax paid, income, but if you say it's an investment, no matter how wild, then it's not a gift but a business deal and would that not convey any tax advantage?