REGULATION, STOCK INDICES AND… FOOTBALL!
Capitalisation ranked indices and football leagues have a lot in common. If nothing else participants want to be at the top of both.
top of an index, this is not necessarily the case in a football league; the biggest is not necessarily the best. In the 2016-17 season, Manchester United the ‘largest’ club in the world lost to all of the three newly promoted clubs.
But there is a similarity between football and menacing head in the guise of regulation. What appeared to be a localised English Premier League misdemeanour now threatens to jeopardise the standard assumption of who spends the most goes highest.
Firstly this year, Chelsea (EnglishPremier League champions in 2014-15 and 2016-17) were found from spending any more money on players. More recently Manchester City, this year and last year’s Premier League champions, if found guilty of The allegations of wrongdoing hit at the centre owners themselves. As The Daily Mail reported, how they used direct funding from Abu Dhabi Unit- Mansour to supplement sponsorship deals.
It is claimed the Abu Dhabi United Group, the holding company which owns City, directly paid £59.5m of Etihad’s annual sponsorship, with only strict limit on the cash an owner can inject directly
want to stand publicly against UEFA (football’s instrument of Abu Dhabi, which bought the club that this will not be simply a case of them against a football club, politically this is much bigger.
The punishments are potentially draconian and the precedent has been set. Juventus, the Italian footballing giant, was caught up in ‘the Calcio- poli scandal’ in 2006. They were demoted to the away from them. UEFA, as football’s regulator, can reasonably claim it has done a good job in recent Premier League the season before this, saw all 20 more than double the season before.
Interestingly, while Spain and Germany also feature euros and 343 million euros respectively, Italy had an operating loss of 26 million euros and France 51 million euros but overall revenue growth and sensibly.
IT IS HIGHLY UNLIKELY THAT THE ABU DHABI OWNERS WILL WANT TO STAND PUBLICLY AGAINST UEFA (FOOTBALL’S GOVERNING BODY) AND FIGHT.
12 | ADMISI - The Ghost In The Machine | May/June 2019
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