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
Sporting Demands UCL Replay     
Sporting Lisbon has lodged a formal complaint with UEFA demanding a replay of its UEFA Champions ...
FIFA Rankings: USA Falls to 23rd    
Jurgen Klinsmann's USA fell six places to 23rd in FIFA's international rankings following a pair of ...
Diego Costa Released from the Hospital     
Chelsea is expected to be without striker Diego Costa when the Blues visit Manchester United at ...
Reports: Ibra Suffers Injury Setback     
Reports in Sweden claim that Zlatan Ibrahimovic could require surgery on the heel injury that has ...
FIFA Backs Clasico Pause for Messi's Record     
Lionel Messi heads into Saturday's game against Real Madrid at the Bernabeu just one goal short ...
Allegri: Juve Can Still Qualify    
Massimiliano Allegri believes Juventus still has a good chance of qualifying for the Round of 16 ...
Mertesacker: Gunners Lack Confidence    
In a candid interview, Arsenal center-back Per Mertesacker admits that the Gunners are low on confidence ...
Rodgers: Why Always Balotelli?     
Once again, it was all about Mario Balotelli, as Liverpool coach Brendan Rodgers fielded a barrage ...
Report: Demand Amps Up Ahead of El Clasico    
This Saturday's Clasico between Real Madrid and Barcelona, which regularly draws hundreds of millions of viewers ...
Ferguson: Moyes Didn't Inherit Declining Man United    
Alex Ferguson has updated his book My Autobiography to include a section about the short reign ...
>> Section 2 Around the Net Archives