Business of Soccer - Most popular for October 2008
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As the global financial crises mounts, UEFA is suggesting that they will use their considerable
clout - in the form of UEFA tournaments - to force responsibility on to clubs in each of the
participating organizations.
Currently, the only financial requirements for clubs entering UEFA competitions is that they do not
owe money to other clubs and that they pay their staff.
What started out as my personal joke - putting the letters "USA" over the "AIG"
which adorns Manchester United's shirts - has now turned in to a newly piqued interest in the
business of soccer.
Fresh on the heals of the AIG collapse last month (among others), financial markets the world over
have been losing enormous volumes of value and the impact of the global credit crunch is starting
to show itself in the FA.
Check out Martin Rogers' October 20th piece on yahoo.com called, "The price for keeping soccer
recession-proof."
In his article, Martin contends that the economic downturn may prove to be perfect tonic for many
of the leagues as they enter negotiations for television deals. Many big TV sponsors are closing
their checkbooks so the networks are looking at sure bets.
In what I see as a move with more financial impact than on-field impact, AC Milan are courting
another superstar whose best days are behind him, but who is still capable of packing a commercial
punch. The latest move is to be a loan deal for LA Galaxy star David Beckham. Beckham's season is
over [...
