Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Southampton and the Dark Side of Globalization
The Telegraph, February 16th, 2007 2:57PM

MOST READ

MOST COMMENTED

It's a worrying theory pondered by economists across the world: is it a byproduct of globalization that the rich keep getting richer while the poor keep getting poorer? Well, if you look at English soccer as a model, the answer would appear to be yes.

Regardless of what you think about Liverpool's sale to American sports tycoons George Gillett and Tom Hicks for nearly $1 billion, the club's new sugar daddies will no doubt provide Rafa Benitez and company with the kind of funds that bring in the world's best and most expensive talent. But, then, think about the Coca-Cola Championship, England's second division. While the trend of Premiership clubs being scooped up by some of the world's richest investors is likely to continue, rich investors aren't likely to be interested in these smaller clubs, says the Telegraph's David Bond.

A true capitalist might argue that lesser investors will come calling for Championship clubs and that success would eventually lead them to being taken over by bigger and bigger financiers. Indeed, that's exactly what's happened at Southampton, a former Premiership club of many years. But nearly seven months after taking the club over, real estate mogul Michael Wilde wants out. The club is losing money, it's fifth in the standings, and could miss out on promotion back to the Premiership. In other words, the investment runs the risk of depreciating further, so Wilde wants to sell. Is the Southampton case a hallmark of globalization? That's the fear. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Brandao Faces One-Month Suspension for Head-Butt     
Bastia striker Brandao has been provisionally suspended until September 18 by Ligue 1's disciplinary committee and ...
QPR Adds Two World Cup Players     
Queen Park Rangers on Friday confirmed the signing of Chile forward Eduardo Vargas on a season-long ...
Neymar Suffers Ankle Sprain    
Barcelona forward Neymar has picked up an ankle sprain in training and will be out of ...
Conte: "We're Counting on" Rossi     
Antonio Conte said he is "counting on" New Jersey native Giuseppe Rossi as he draws up ...
Balotelli-Liverpool Talks Continue    
Mario Balotelli has arrived in Liverpool for a medical ahead of his expected 16 million pound ...
Report: Top Clubs Opening US Academies     
The AP reports that South American and European soccer powerhouses are opening full-time soccer academies across ...
Legia Loses CAS Appeal     
Legia Warsaw has said it will sack the administrator blamed for the clerical error that resulted ...
Report: BVB's Sponsors to Buy Stakes     
Borussia Dortmund on Thursday announced that the club would issue up to 24.5 million shares in ...
Simeone: Atletico Can't Compete with Real, Barca    
In an interview with La Gazzetta dello Sport, Atltico Madrid coach Diego Simeone emphasized that despite ...
Dzeko Signs Four-Year Man City Contract     
Manchester City striker Edin Dzeko on Thursday signed a new four-year deal with the defending Premier ...
>> Section 2 Around the Net Archives