How sick is soccer?
The story of the super league, a competition that would have seen the participation of the top 12 European clubs, has highlighted the bad state in which European football is now, submerged by debts and now entered into a spiral that is no longer sustainable over time. The high salaries of computers are the big problem and nowadays the advertising revenues are no longer able to cover the expenses. An average player receives a salary of 4/5 million euros but it costs the company twice as much if including taxes, insurance, pension contributions etc. A team is made up of an average of 26/30 players and this means an annual expenditure of up to 200/300 million euros. Madness.
The total debt of the 12 football teams involved in the super league amounts to about 7.7 billion euros, companies that represent the pride of world football and to maintain a certain prestige, a certain image competition is evident which, however, has always left aftermath deeper and the pandemic was the hardest blow. Losses from fans, TV rights halved, merchandising collapsed, and the entire associated business halved if not worse, forced the clubs to score extremely bloody accounts. The most indebted club, for example, is Chelsea with € 1.5 billion, a disproportionate sum that could seriously harm the health of the club.
The member clubs of the Superlega, but not only, have not initially been able to refuse the proposal financed by the American bank JP Morgan for a total of over 3.5 billion promised, a sum that is too attractive and that would have largely restored the debts of the clubs. But UEFA, criticized by clubs for its economic greed, immediately initiated intimidation such as exclusion from domestic leagues and Champions League, and this has forced a rethink by clubs excluding Barcelona, Real Madrid and Juventus. The diatribe is still ongoing.
Beyond the reasons, what is evident is the no longer sustainability of a system that has seen an exponential increase in costs in recent years. Paying players with tens of millions of euros is not acceptable not only economically but ethically, if we think about what is in any part of the world. Also this is a bad example for kids who aim to become footballers for money and not for passion.
I personally stopped following football for this reason as well. I don't really think this round of money can be ascertained to see 22 players running after a ball and then performing on social media like perfect idiots. True calculators such as Van Basten, Pelé, Baggio and many others who in the previous decades raised the value of sport, today find no heirs worthy of their name in football. And here I realize that now football has taken a different path, managed by the god of money, and like all things that deviate on this path, are destined to fail over time.
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I just hope they get their act straight before it's too late.
With those sorts of salaries a player should be able to score every time he gets the ball. The problem has been inflates salaries due to money laundering and not because the player is worth that amount. Football is dirty if you dig deeper and why the Chinese government has put a stop on various companies investing in European clubs. They need to push the reset button and have a capped salary system.
Ronaldo has a salary of 60 million euros a year, Juventus costs twice as much for taxation.
Last year the Champions League, from which it was eliminated in the round of 16, provided just over 80 million. Too little. Plus you have a whole team to pay salaries.
As you well said, this is the bottom for the most sustainable change. Teams started cutting salaries by 20%
Madness indeed.
I just read an article about the Superleague a few days ago, from its beginning to its demise. As I understand it, Superleague came to life because of debt and sustainability, but backlash came after it.
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Without the superleague, normal football clubs won't be able to compete against state clubs such as PSG and Manchester City. Younger audiences are preferring other types of entertainment that are much more dynamic and if football doesn't evolve then it will continue to lose popularity.
Focus on money is no issue, all the industries focus on money, including the entertainment industry. Actors also make a lot of money, popular youtubers and twitch streamers also make a lot of money, popular videogames make a lot of money... Why would it be different for football players?
If you don't like money, do you even like the entertainment industry I wonder?
I think what he is saying is it has to be sustainable. Rising player wages is not sustainable and this has to get to the point where there is a cap in place. The Super League was not the answer as these clubs would actually lose money as they would be kicked out of the UEFA competitions. Players would be banned representing their countries as that is a FIFA or UEFA tournament. Football wont lose fans without a Super League as they were the ones against it.
It is hard to ascertain what the rate of increase in salaries is sustainable or not. Actors are getting paid more, internet entertainers are getting paid more, everyone in the entertainment industry are getting paid more. Maybe this is related with fiat money losing value in the general sense, but the fact it, increase in salaries, earnings, profits is normal across the board.
If you compare salaries of players from the current decade, with those from the 90s there will be a huge increase, but this increase also happens in other sectors inside the entertainment industry. Actors are also getting paid more compared to actors from the 90s, successful videogame developers are also earning more money, etc...
No, they will earn more money because they wouldn't be forced to sustain UEFA. People follow the clubs and the players, not UEFA and its bureaucrats. The popular football clubs are actually subsidizing UEFA and its cronies, not the other way around.
No, first of all, FIFA isn't completely against the Superleague, it is UEFA. Second, fans follow the players, if they ban the best players then nobody is gonna watch their products/tournaments. You need to understand the fans only care about watching the best players, if the tournament is under the control of this bureaucrat or that bureaucrat is irrelevant. They can't ban the best players because they will be shooting themselves in the foot.
Football won't lose fans, but the rate at which it is gaining fans is decreasing because younger people prefer other type of entertainment that is much more dynamic. I wonder how many people against the Superleague watch boring matches between crappy teams, my guess would be a very low %. The Superleague would mean having the best players against the best players time and time again, not one time every 3 months. Some fans were against the Superleague, however, without a Superleague then all the trophies are going to be won by state clubs (Manchester City and PSG so far) because no normal club can financially compete with those clubs. And football will continue to lose ground against other types of entertainment preferred by younger people. Let's face it, the majority of football matches are boring, only a handful of them are entertaining and watched by millions.
British football fans were against the Superleague I believe, but when Liverpool, Manchester United, and other historic clubs realize they can't compete against the finances of Manchester City-Abu Dhabi, they might end up changing their minds. When Manchester City ends up winning 5 leagues in a row, then they will change their mind. It is impossible for normal clubs to compete against the finances of state clubs in the long run, this is important to understand. UEFA has some rules about financial fair play but the state clubs only need to bribe some bureaucrat and that's it, as they have done in the past when they didn't comply with these rules and the punishment was just a small fine instead of kicking them out of the tournament. These state clubs can do whatever they want, Qatar even got the next world cup only by bribing bureaucrats inside FIFA...