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
Report: Mackay Out of Palace Running    
Malky Mackay, who was considered a shoo-in for the vacant Crystal Palace job, is no longer ...
UEFA Investigates Tavecchio Comments    
Italian soccer federation (FIGC) president Carlo Tavecchio is being investigated by UEFA over an alleged racist ...
Report: Glazers to Keep Man United Five More Years    
The Guardian reports that despite mounting unrest over the Glazer's ownership of Manchester United, the family ...
Barca Denied Transfer Ban Appeal    
Barcelona will be unable to sign any players in 2015 after FIFA rejected its appeal against ...
UCL Playoffs: Higuain Rescues Draw vs. Bilbao     
Athletic Bilbao coach Ernesto Valverde says he had "hoped for something more" following his team's 1-1 ...
Wenger Bemoans Ramsey Suspension After Gunners Stalemate    
Aaron Ramsey was sent off as Arsenal eked out a 0-0 draw away to Besiktas in ...
Simeone: Di Maria is Real's Best Player     
Atletico Madrid coach Diego Simeone said he thinks that Angel Di Maria is Real Madrid's best ...
Colorado College will be Team USA in 2015    
Colorado College, a Division III school, is moving to the Mountain West this season from Conference ...
Hazing investigation prompts cancellation of UNM opener    
In the aftermath of an incident in which Albuquerque fire and rescue and ambulance personnel were ...
Johannsson Has Groin Surgery     
AZ Alkmaar on Tuesday announced that USA forward Aron Johannsson had surgery on his right groin ...
>> Section 2 Around the Net Archives