Photo [Flickr]

The Place of External Investment Within Sport

Read Arthur’s take on wealthy owners using money coming from outside the world of sport to fund their clubs.

Anyone who has survived this week without getting trapped in a cupboard with no news from the outside world will have heard about Manchester City’s two-year-ban from the UEFA Champions League. Rather than go into the minute details of why the clubs has been banned, I think it is far more interesting to use this incident as a springboard to a broader discussion on the place of external investment within in sports.

Photo [Pexels]
In the early 2000s Roman Abramovich utterly transformed Chelsea with his takeover as did Sheikh Mansour when he took over Manchester City in 2008. Nowadays it seems as soon as there is even a whiff of a potential sale of a football club, more foreign billionaires are linked with potential takeovers much like Mohammed bin Salman has been with Manchester United. Thus, the concept of external (and often foreign) money being invested in British sports is here to stay. This idea of bringing external wealth into sports is by no means a novel concept. In 416BC, the wealthy Athenian general Alcibiades entered seven chariots into one race, while Philip II of Macedon likewise sponsored a chariot and saw it win at the Ancient Olympic Games. The reason these public figures invested their personal fortunes in sporting endeavours still resonates today: a desire to enhance their image, show off their wealth and to just have fun. Thus, one would be hard-pressed to argue that this idea of spending one’s own money within sports is by any means a new one, and consequently, should it be criticised?

Photo [Wikimedia Commons]
Indeed, in many fields, spending one’s personal fortune acquired through other means is not only not looked down upon but in fact lauded. One of Donald Trump’s favourite catchphrases on his way to the presidency was that he was “entirely self-funded” and was not influenced by “donors and special interests.” Rather than being seen as a billionaire using his personal wealth to meddle in politics, this was praised as meaning he wasn’t beholden to other groups. Some might argue that, by owners funding football clubs out of their own pockets, it diminishes the say sponsors and other external groups may have over the club’s activities which might be a good thing. There were certainly rumblings about the potential influence of Adidas (Manchester United’s shirt sponsor) in the club’s acquisition of Paul Pogba and questions can undoubtedly be raised as to whether, due to the club’s financial dependence on their sponsor, a footballing decision (whether to buy Pogba) was influenced by financial pressure; a billionaire foreign owner able to self-fund his club’s actions in the transfer market would certainly diminish this potential for leverage.

Photo [Wikimedia Commons]
Financial Fair Play was introduced, ostensibly, to stop clubs from spending radically outside their means by the way or their owners’ personal bank accounts. However, as mentioned above, the idea of using one’s personal fortune to fund sporting activities goes back a long time and the same angst against this influx of external money is not replicated in any other competitive area of life such as politics or any forms of business. Thus, before we all cheer the demise of Manchester City’s European ambitions, perhaps we should first consider whether the rules they are alleged to have broken are actually appropriate to begin with and whether we ned to recognise that, just as many other elements of football have evolved, wealthy owners driving clubs into Europe’s elite should be seen as fair and part of the sport. After all, would it be fair for Manchester City to have always been second to Manchester United purely because they couldn’t compete financially with them or is the fairest process to simply allow clubs to earn and spend money in whatever way they like?

Photo [Flickr]

Comments

comments

119 thoughts on “The Place of External Investment Within Sport

  1. Great web site you have got here.. It’s difficult to find high quality writing like yours these days.
    I truly appreciate individuals like you!
    Take care!!

  2. Hi! This post couldn’t be written any better! Reading through this post reminds me of my good old room mate!

    He always kept chatting about this. I will forward this page
    to him. Fairly certain he will have a good read.
    Thanks for sharing!

  3. Does your site have a contact page? I’m having trouble locating it but,
    I’d like to shoot you an e-mail. I’ve got some recommendations
    for your blog you might be interested in hearing. Either way, great
    blog and I look forward to seeing it improve over time.

  4. I like what you guys tend to be up too. Such clever work and reporting!
    Keep up the very good works guys I’ve included you guys to blogroll.

  5. After looking over a number of the blog articles on your blog, I seriously
    appreciate your technique of blogging. I saved as a favorite it to my bookmark
    website list and will be checking back in the near future.

    Take a look at my web site too and tell me what you think.

  6. Thanks for another wonderful post. Where else may just anybody
    get that type of information in such an ideal way of writing?

    I have a presentation next week, and I am on the search for such info.

  7. Howdy! This is kind of off topic but I need some help from an established blog.

    Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty quick.
    I’m thinking about making my own but I’m not sure
    where to start. Do you have any ideas or suggestions?
    With thanks

  8. you are in point of fact a excellent webmaster.
    The website loading velocity is amazing. It sort of feels
    that you are doing any unique trick. Moreover, The
    contents are masterwork. you’ve performed a fantastic task in this matter!

  9. It is in reality a nice and helpful piece of info. I’m happy that you just shared this helpful info with
    us. Please stay us informed like this. Thank you for sharing.

  10. Hi my friend! I want to say that this article is awesome, nice written and include approximately all
    significant infos. I’d like to peer more posts like this .

  11. I blog frequently and I seriously appreciate your information. This great article has truly
    peaked my interest. I’m going to bookmark your blog and keep checking for new
    information about once per week. I opted in for your RSS feed too.

  12. We are a group of volunteers and opening a new scheme
    in our community. Your site provided us with valuable information to work on. You have
    done an impressive job and our entire community will be grateful
    to you.

  13. The winning $432 million Mega Millions lottery ticket that was purchased in a Manhattan pizza joint Tuesday night is the biggest ackpot in Significant Apple history.

    Feel free to visit my blog post: check here

  14. Hi, i think that i saw you visited my website so i came to “return the favor”.I’m trying to find things to
    enhance my site!I suppose its ok to use a few of your ideas!!

  15. Hello there! I could have sworn I’ve been to this website before but
    after browsing through some of the post I realized it’s new to me.
    Anyways, I’m definitely glad I found it and I’ll be book-marking and checking back frequently!

  16. It’s awesome to visit this website and reading the views of all friends concerning this piece of writing, while I am also keen of
    getting know-how.

  17. May I just say what a comfort to find an individual
    who really knows what they are discussing on the net. You actually understand how to bring
    a problem to light and make it important. More and more people must look at this
    and understand this side of the story. I was surprised that you’re not more popular since you
    surely have the gift.

  18. Unquestionably believe that which you said.
    Your favorite reason seemed to be on the net the simplest thing to be aware of.
    I say to you, I definitely get annoyed while people think
    about worries that they plainly don’t know about. You managed to hit the
    nail upon the top and also defined out the whole thing
    without having side-effects , people could take
    a signal. Will likely be back to get more. Thanks

  19. I was suggested this web site by means of my cousin. I am not sure whether or not this
    put up is written by him as no one else recognise such specified about
    my problem. You are wonderful! Thank you!

  20. I simply couldn’t depart your site prior to suggesting that I extremely loved the standard
    information a person provide on your visitors? Is going to be back frequently in order to investigate cross-check
    new posts

  21. Thank you, I’ve recently been looking for info approximately this subject for a long time and yours
    is the best I have discovered till now. However, what about the bottom line?
    Are you sure concerning the source?

  22. Heya just wanted to give you a brief heads up and let you know a few of the pictures
    aren’t loading correctly. I’m not sure why but I think its a
    linking issue. I’ve tried it in two different browsers and both show
    the same outcome.

  23. It’s remarkable to pay a visit this web site
    and reading the views of all colleagues on the topic of this paragraph,
    while I am also zealous of getting familiarity.

  24. Hi there, just became alert to your blog through Google, and
    found that it’s truly informative. I’m gonna
    watch out for brussels. I will appreciate if you continue this
    in future. A lot of people will be benefited from your writing.
    Cheers!

  25. Wonderful blog! I found it while surfing around on Yahoo News.

    Do you have any suggestions on how to get listed in Yahoo
    News? I’ve been trying for a while but I never seem to get there!
    Thanks

  26. What i don’t understood is in truth how you are not really much more neatly-preferred than you might be right now.

    You’re very intelligent. You recognize thus significantly in the case of this matter, produced me in my opinion imagine it from so many various angles.
    Its like men and women are not involved unless it
    is something to accomplish with Woman gaga! Your individual stuffs outstanding.

    Always handle it up!

  27. After exploring a handful of the articles on your website, I
    really like your technique of writing a blog.
    I saved it to my bookmark webpage list and will be checking back
    soon. Please visit my web site too and let me know your opinion.

  28. Excellent site you have here but I was wondering if you knew of any forums that cover the same topics talked about in this article?
    I’d really love to be a part of community where I can get responses from other experienced people that share the same interest.

    If you have any suggestions, please let me know. Many thanks!

  29. I have been exploring for a little bit for any
    high-quality articles or weblog posts in this sort of space .

    Exploring in Yahoo I ultimately stumbled upon this website.

    Reading this information So i am happy to convey that I
    have a very good uncanny feeling I discovered just what I needed.
    I most undoubtedly will make sure to do not disregard this website
    and provides it a glance on a constant basis.

  30. Hi! I could have sworn I’ve been to this web site before but after going through many of the articles I realized it’s new to me.

    Anyhow, I’m certainly pleased I found it and
    I’ll be bookmarking it and checking back frequently!

  31. Hey there! This is my first visit to your blog! We are a group of volunteers and starting a new
    project in a community in the same niche. Your blog provided us valuable information to work on. You have done a wonderful
    job!

  32. Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I
    am going to come back yet again since I book-marked it. Money and freedom is
    the best way to change, may you be rich and continue to help other people.

  33. Heya are using WordPress for your blog platform?
    I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding knowledge to make your own blog?
    Any help would be really appreciated!

  34. Whats up very cool blog!! Guy .. Excellent .. Superb .. I will
    bookmark your site and take the feeds additionally?
    I’m happy to search out numerous helpful info here within the post, we’d like work out extra strategies on this regard, thank you
    for sharing. . . . . .

  35. A motivating discussion is worth comment. I do believe that you should write more about this issue, it might not be a taboo matter
    but typically people don’t speak about these topics.
    To the next! Cheers!!

  36. Thanks for every other informative site. The place else could
    I am getting that type of info written in such a perfect manner?
    I have a venture that I’m simply now working on, and I have been on the
    look out for such info.

  37. Pretty component to content. I just stumbled
    upon your web site and in accession capital to claim that I acquire
    in fact loved account your blog posts. Anyway I’ll be subscribing in your augment
    or even I achievement you access consistently rapidly.

  38. Hey! Someone in my Myspace group sharedd thos website with us
    sso I came to look it over. I’m definitely enjoying the information. I’m
    book-marking annd will be tweeting this to my followers!
    Superb blog annd superb design.

    my site – Chaturbate

  39. Greetings from Florida! I’m bored to death at work so I decided to browse
    your site on my iphone during lunch break. I enjoy the knowledge you
    present here and can’t wait to take a look when I get home.

    I’m amazed at how fast your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyways, fantastic site!

  40. Good day! I know this is kinda off topic but I’d figured I’d ask.
    Would you be interested in trading links or maybe guest authoring a blog
    post or vice-versa? My blog addresses a lot of
    the same subjects as yours and I think we could greatly benefit from each
    other. If you’re interested feel free to send me an email.
    I look forward to hearing from you! Wonderful blog by the way!

  41. Pingback: Watch Bob Biswas
  42. Pingback: Leandro Farland

Leave a Reply

Your email address will not be published. Required fields are marked *

THE STAND