With Real Madrid dropping £136 million in a week on two players, and during one of the worst global recessions in recent history, it seems to me the transfer system has officially broken. Football has become so far removed from the real lives of supporters, the men and women who make up the heart and soul of the clubs, that the business side of the game has become almost unfathomable.
It's gotten so bad, that supporters around the world are hoping that an oil sheik comes swooping in to buy their clubs and pick up a few high-profile transfers. Meanwhile, efforts to keep up with the footballing aristocracy have forced many clubs deep into debt, with stadium schemes and re-financing of long term deficits the only way to stay competitive and create a long-term (VERY long term) revenue strategy to keep the clubs solvent.
With clubs from different nations having different regulations, ownership structures and tax codes (and in the case of Madrid, enormous civic subsidy), the business of football was already murky, but when a club comes to the table with €300 million to spend in a single summer and has unfettered ability to write checks and re-configure their entire squad with a few strokes of a pen, it seems to me UEFA should seriously re-consider the ideas of a transfer cap, revenue sharing and a salary cap.
Is there anyone out there who believes the current system works? I am not proposing that there is a superior model, but I would love to discuss ideas for how to create a more equitable system that allows the game to thrive and be competitive in Europe because, as it stands, this entire scheme seems like a house of cards. Where is the outrage? Ironic that, a few weeks after Barça win the biggest cup in club football with a team composed of so many players developed in their own academy, their main rivals go on a massive, unregulated shopping spree. How can it be fixed or should it just be left alone?
It's gotten so bad, that supporters around the world are hoping that an oil sheik comes swooping in to buy their clubs and pick up a few high-profile transfers. Meanwhile, efforts to keep up with the footballing aristocracy have forced many clubs deep into debt, with stadium schemes and re-financing of long term deficits the only way to stay competitive and create a long-term (VERY long term) revenue strategy to keep the clubs solvent.
With clubs from different nations having different regulations, ownership structures and tax codes (and in the case of Madrid, enormous civic subsidy), the business of football was already murky, but when a club comes to the table with €300 million to spend in a single summer and has unfettered ability to write checks and re-configure their entire squad with a few strokes of a pen, it seems to me UEFA should seriously re-consider the ideas of a transfer cap, revenue sharing and a salary cap.
Is there anyone out there who believes the current system works? I am not proposing that there is a superior model, but I would love to discuss ideas for how to create a more equitable system that allows the game to thrive and be competitive in Europe because, as it stands, this entire scheme seems like a house of cards. Where is the outrage? Ironic that, a few weeks after Barça win the biggest cup in club football with a team composed of so many players developed in their own academy, their main rivals go on a massive, unregulated shopping spree. How can it be fixed or should it just be left alone?
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