Is This Football???

IS THIS FOOTBALL?

A recent UEFA report on the wellbeing of European football revealed that the Premier League is responsible for  56% of the continents total footballing debt. Now think about that. There are 54 leagues in Europe yet the English Premier League is culpable of over half that debt alone!

 The report analyses the 2012 annual accounts and estimates the combined debts of just 20 Premier League clubs at just under €4bn, around 4 times the figure for the next more indebted, Spain’s La Liga.

And people thought the League of Ireland had problems! At least football is not the number 1 sport in this country.

People will blame a foreign influx to a league rich with sheikhs, consortiums and businessmen with more money than sense. You will find the old multi millionaire who cares about his club (Al Fayed, Madjeski, Hayward etc) but do you think Gillette & Hicks were bothered about Liverpool’s last title winning side when they saw gold in them thar hills at Anfield, whilst Abramovich shopped around London before stopping at Stamford Bridge. If you asked Man City’s owner who Asa Hartford was he’d probably hazard a guess and say with a name like that he’s definitely a porn star.

People may complain about the quality of our football and the fact some clubs try to survive full-time in what is clearly a part-time situation but some club’s money problems are the proverbial drop in the ocean compared to our friends across the water.

The Premiership and its players are product now owned by television. Have things really gone this ludicrous that a government attempted to buy Liverpool football club in 2010! Is the league so alien that Premiership fans have to fork out 3,000 on a season ticket after a 2 year waiting list just to secure a seat in a stadium where 25% of the allocated seats go to corporate sponsors whose interest revolves around the minibar rather than the players on the pitch. How nauseated where you when then Chelsea Chief Exec Peter Kenyon received a medal at the Champions League final in 2008?

In 2012 the Premiership made much more money from television and other commercial income than its rivals, €127m on average at the 20 clubs; the next wealthiest was the German Bundesliga, whose clubs made an average €79m. Yet despite that advantage, the 20 English clubs were more reliant on borrowed money from banks and club owners than the 714 other clubs across Europe combined. At one point Liverpool & Manchester United held a combined debt of over 1 billion.

Think about that. Kilkenny City went out of business for a mere 40,000 euro. An entire club and its history erased for 40,000 euro.

Premiership footballer’s wages combined in 2012 to £1.095 billion whilst worrying 14 of the 20 premiership clubs that season were subsidised by owners, Abramovich being the highest. Al Fayed, whose interest free loans to Fulham stood at 174 million at one point, wiped the slate clean recently.

But it’s not just at football clubs where money is insane. Gordon Taylor, chief executive of the P.F.A. maintained his status as Britain's highest paid trade union official in 2012, with a salary package of £972,000. In 2011 Uefa General Secretary David Taylor even said some clubs now face being thrown out of the Champions League because of their excessive debts.

I think Reebok, Nike and Adidas will have something to say about that David. When it looked as if France & Portugal might not make it to South Africa, FIFA went back on a promise to leave the World Cup play-offs unseeded so that both countries would have favourable draws. Nike has a multi million pound contract with Ronaldo.  Reebok sponsored Henry. Nike sponsored the French National Team. This would have been a disaster.   Thierry took it into his own hand anyway!

And everyone remembers empty seats and the vuvuzealas from South Africa. Local workers and security staff that weren’t paid, whilst FIFA announced an 80 million pound profit (a mere trifle to the 196 million made in 2009) and who’s financial report announced they now have £1.061 billion dollars in reserves.

A while ago I was staying in Birmingham so thought I’d pop along to see local club Bromsgrove Rovers play at their Victoria Ground. Bromsgrove’s population is similar to my home town of Waterford, and drew crowds roughly the same (500-600) yet had existed for a proud 125 years, one of the oldest clubs in Britain.

In 2010 the club with a history of 125 years was wound up because they couldn’t afford the lease on their ground.

£1.6 billion for FIFA .

A club since 1885 folds for the lease of a ground.

Is this football?