Author Archive TommyB

ByTommyB

Does Money Indeed Ruin Football?

For those following the games, rooting for their favourite teams and feverishly discussing their matches between two glasses of ale, football is a mix of entertainment and something to be excited about. These fans are, in turn, a massive customer base for those behind football as a business: their dedication and following is the driving force behind broadcast rights, merchandise, and ticket sales, all of which turn a wonderful sport into a cash cow for those pulling the strings. As long as the game is fair, both in the field and behind the scenes, it’s a win-win for all parties: the players get their salaries, the fans get their quality football, and the business entities behind them, ranging from football betting operators to the teams’ owners, advertisers, sponsors, and such, all get their money. Like in every business, though, there are parties in football that don’t exactly operate according to the rules. Of business, that is.

What many people don’t realize, though, is that football goes beyond being simply a game. As MEP Stelios Kouloglou pointed out in an op-ed published on Euractive this April, football can often flow into different areas like politics and racial bias, pointing out that the emergence of Pelé, one of the best football players ever, was instrumental to significantly reducing racism in Brazil. Yet the democratic nature of football is degraded today thanks to all the money flowing into it. And the best example of this, Kouloglou writes, is the UEFA Champions League.

As he points out, the only clubs that can reach the Champions League semi-finals are from the “big 5” countries – Spain, Italy, France, Germany and Great Britain. And this happens not because there aren’t any talented teams in other countries but because of all the money flowing into the clubs nowadays. After all, not all clubs can afford to pay almost £200 million for a single player, no matter how talented and marketable the player might be. These big clubs with big money behind them syphon all the most talented players from all over the world, offering amazing transfer fees and strengthening their ranks – investing in their future success with the goal of keeping their fans’ attention pointed on them, and making even more money in the process.

And where there’s money, there must be scandals related to money. Corruption and tax avoidance run rampant across football, from the top of organizations like FIFA and UEFA down to local clubs and players, working with financial advisors like Kingsbridge that allegedly help them invest in ways that will grant them tax relief, schemes that “don’t work”, according to HM Revenue and Customs.

A few years ago, an unpopular opinion emerged in the press stating that the influx of big money into football will ruin it forever by attracting the “wrong kind of owners” that see clubs as their “cash cow”, among others. MP Damian Collins went as far as saying that “Running a big football club now is like running a Hollywood studio – it’s a content business. The money goes to the stars”. And this is one of the biggest issues today’s football faces that can ruin it forever.