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Gudni Bergsson
Re: O/T Financial Fair Play - Now Voted In By The Premier League
Bullet - great post on previous page mate. =D> Point well made!
Bullet - great post on previous page mate. =D> Point well made!
It's not quite as dramatic as that but, in broad terms, I pretty much agree with what that Bluemoon poster wrote.
I tend to look at these things from a very Tottenham-centric perspective. I recognize the arguments about this kind of regulation stifling investment, and preventing smaller clubs having a shot at the top, and cede that they're quite valid.
However, not enough thought is given to clubs like us; clubs that have tried to live within their means, and been effectively punished for it by having a super-injected petro-club blast past them without a second glance towards such things as 'financial stability' and 'prudence', among others. Everton, Arsenal, us. In our case, we've been fudged over not once, but twice, by this happening. With Chelsea in 2001 and City in 2008. We could, and arguably should, have been where Chelsea are now, had that investment not blown us out of the water. To compete with these super-charged clubs, we're having to painstakingly build a 56,000 seater stadium that is siphoning away a disproportionate amount of our finances and leaving us to hunt for bargains like Dempsey and Holtby.
all the good decisions Levy's made, all the wise strategies and careful investment, have only served to keep us on the fringes of the elite. Why is that the case? Well, in United and Arsenal's case, their commercial and matchday revenue dwarfs ours, but those are things that can be remedied by careful management and considered investment, two things we're very good at. But knowing that there is no way on Earth we can compete with the Sheikh and the oligarch,that every move we make, they can make with a tenth of the effort, thought and concern, that every good decision we have ever made can't compete with their endless petro-dollars.....that is more depressing than any thought of United or Arsenal using their earned revenues to generate success.
The Sheikh and Abramovich can fund new stadiums almost without thought. We have taken ten years to get around to even the preliminary work. The Sheikh and Abramovich can spend 30 million on transfer fees and 25 million on wages for just one player without blinking. We negotiated for weeks just to get Holtby in for 1.5 million quid, and refused to spend anything on just one striker on deadline day.
That is galling. So much more so than this scare-mongering about a La-Liga situation or United becoming Bayern. Clubs shouldn't have to dream of shady oil money, shouldn't have to rely on gargantuan investments by foreign owners to guarantee success, shouldn't effectively say 'fudge the rest of you' and spend their way to the very top.
Clubs should play by the same fudging rules. And if that means a duopoly at the very top, so be it, it'll make things more interesting below that and might bring some sanity back into a game that sorely needs it.
This isn't about City or Chelsea. Those two clubs have already established themselves at the top, for better or worse. For all my optimism, the Etihad deal probably has enough legal weight behind it to stand it court, if it comes to that. And the investments the Sheikh is making will pretty much guarantee City's revenues, for the medium term at least. So it's not about them. It's about giving prudent management a chance to gain success, and to prevent any more massive splurges that blast spending teams into contention and drop conservative clubs into oblivion.
Perhaps that's being naive, or perhaps the Liverpools, Uniteds and Arsenals of this world will then rule in perpetuity. But again, would fans rather see their team compete within their limits (but stand an even chance compared to the teams other than the ones above), or hope for an oligarch or Shiekh, but accept the inherent risk of another club winning the lottery and zooming cheerily into the distance while they wave their increasingly pathetic little flag, hoping for an angel investor to come save them?
He put the money in as loans, though. I don't know if it was interest free. If he has cleared the debt that means £200 million, which must be considerably more than the club are worth.
Enic have also put money in in exchange for equity. However, I suspect there investment (ca £120m?) is a lot less than they could sell the club for. They should make a nice profit, whereas Al Fayad is unlikely to get his money back (unless Mike Ashley has a twin brother).
Capitalism. Deal with it.
Capitalism. Deal with it.
In sport. Capitalism in sport. Isn't sport something we used to do or watch when we wanted to get away from capitalism?
And if it really is true capitalism, I suggest you, and everyone else on this forum, buy a United, Madrid, Barca or Bayern jersey, and get to learning the words to 'Glory Glory Man United', because they are indubitably much, much more successful than us and thus deserve our patronage far more than relatively uncompetitive Tottenham do. Same thing applies (perhaps even more so) to the fans of clubs like Notts County, Wrexham and Dagenham and Redbridge; let them all go buy the 'product' offered by United.
Sports cannot be measured in purely capitalist terms, because it is neither rational, logical or possessed of the profit motive.
In sport. Capitalism in sport. Isn't sport something we used to do or watch when we wanted to get away from capitalism?
And if it really is true capitalism, I suggest you, and everyone else on this forum, buy a United, Madrid, Barca or Bayern jersey, and get to learning the words to 'Glory Glory Man United', because they are indubitably much, much more successful than us and thus deserve our patronage far more than relatively uncompetitive Tottenham do. Same thing applies (perhaps even more so) to the fans of clubs like Notts County, Wrexham and Dagenham and Redbridge; let them all go buy the 'product' offered by United.
Sports cannot be measured in purely capitalist terms, because it is neither rational, logical or possessed of the profit motive.
Funnily enough, the biggest free-marketers in the world - my very own U. S. of A. - seem to be much more socialist in ideals than other countries when it comes to sport. I don't doubt that our franchises are ridiculously packaged and consumerist and you have plenty of wealthy owners running around, but our obsession with fairness and giving the underdog a chance really comes through in sport.
the irony in a poster named DubaiSpur arguing against lavish spending :lol:
excellent posting from you on the subject =D>
It's more a product than a sport over there though. Leagues are closed shops and they need to stay competitive to draw and maintain fans' interest. There have been several attempts to launch leagues to compete with the NFL for instance. Then you have two businesses competing for the same market. The way football is structured across the globe that's not a possibility. Instead it's the clubs that compete for market shares. To make it comparable you'd have to let every city in the US that wants to have their own team. Then there would be 100+ franchises competing against each other in a tiered league system.
The six clubs that voted against it: Fulham, West Brom, Aston Villa, Emirates Marketing Project, Swansea, Southampton
So CFC must have found some way to get around it as they have voted for it
The six clubs that voted against it: Fulham, West Brom, Aston Villa, Emirates Marketing Project, Swansea, Southampton
In sport. Capitalism in sport. Isn't sport something we used to do or watch when we wanted to get away from capitalism?
And if it really is true capitalism, I suggest you, and everyone else on this forum, buy a United, Madrid, Barca or Bayern jersey, and get to learning the words to 'Glory Glory Man United', because they are indubitably much, much more successful than us and thus deserve our patronage far more than relatively uncompetitive Tottenham do. Same thing applies (perhaps even more so) to the fans of clubs like Notts County, Wrexham and Dagenham and Redbridge; let them all go buy the 'product' offered by United.
Sports cannot be measured in purely capitalist terms, because it is neither rational, logical or possessed of the profit motive.