The 'where are they now?' files

[lickedlollipop]

Andy Carroll has joined sixth-tier Dagenham & Redbridge.

[RedReet]

I thought he was loving life out in France?

[Angryred]

I thought he was loving life out in France?

Probably missed all them ales back home, ****ed off with that grape **** they serve over there!

[Exiled_red]

It's mad that we paid £35m for him

[SB]

It's mad that we paid £35m for him

Same as we paid for Macca but 35m today was worth about 8-10m back then most likely

[Angryred]

Same as we paid for Macca but 35m today was worth about 8-10m back then most likely

Ridiculous how inflation has gotten!!

[red g]

It's mad that we paid £35m for him

with a 25% sell on clause

[Corndog]

Ridiculous how inflation has gotten!!

The rise in transfer costs for premier league clubs has far outpaced general inflation though, all because of the TV revenues.

It’s a great example of how market forces in a capitalist society can produce sub optimal outcomes for society.

[Yozza]

Besiktas have terminated the contract of Alex Oxlade-Chamberlain...

[Angryred]

The rise in transfer costs for premier league clubs has far outpaced general inflation though, all because of the TV revenues.

It’s a great example of how market forces in a capitalist society can produce sub optimal outcomes for society.

Crash, bang, wallop are the sounds of misery when the deck of cards that TV Money is based on come tumbling down.

[Charly]

Crash, bang, wallop are the sounds of misery when the deck of cards that TV Money is based on come tumbling down.

That money isnt going to get smaller, imho.

As soon as it does, they just cut out the middleman. Who needs sky?

[Paul12]

..It’s a great example of how market forces in a capitalist society can produce sub optimal outcomes for society.

Could you help me please understand your point... More people want to watch football on TV so TV companies' revenue from football increases, meaning they are willing to pay more to leagues/clubs to show that football. The clubs hand more of that increased TV money over to other clubs and to players for the same quality players. Which is the outcome that is suboptimal for society?

[Corndog]

Could you help me please understand your point... More people want to watch football on TV so TV companies' revenue from football increases, meaning they are willing to pay more to leagues/clubs to show that football. The clubs hand more of that increased TV money over to other clubs and to players for the same quality players. Which is the outcome that is suboptimal for society?

Sure. It’s of course depending on your perspective of what is good for society.

I don’t think it is an optimal outcome for a society (not the optimal allocation of resources for social good)when you end up paying people to kick a ball around to the degree that they get in a week what an essential worker like a nurse gets in a year.

I don’t think it’s optimal in the context of many countries struggling healthcare systems or in many cases stagnant real wages for many public roles that are actually more important to how society’s function.

I think it would be better if it were the other way around but even if it wouldn’t be, the extreme disparity in earnings between premier league players and the average person is pretty gross.

You can say but it’s what the market decides which may be the “optimal outcome” from an economic perspective but that’s not always the same thing as maximising social good.

[Catrin]

Players generate revenue through ticket sales, merch, prize money, tv revenues etc etc etc and they should be paid accordingly. As daft as it is to be paid that much for kicking a ball they're actually being paid for the money they bring in to the club, not their value to society.
What I do begrudge is the fees paid to agents by clubs. I also wished that more of the money generated at the top of the game filtered down to grassroots. Unfortunately it just provides further proof of how trickle down economics is a load of bollocks.

[Patricks_Berger]

The rise in transfer costs for premier league clubs has far outpaced general inflation though, all because of the TV revenues.

It’s a great example of how market forces in a capitalist society can produce sub optimal outcomes for society.

Possibly… probably sub-optimal…. but what’s the alternative?

Should society just let Corndog decide what he thinks is important? Corndog could write down how much he thinks goods and services should cost according to his value system and then we’ll all just follow that? Would that be better? No unforeseen circumstances under that scenario?