Has Football Spending Reached A Point Of No Return?

in sportstalk •  last month  (edited)

Hey football fans

So the transfer window shuts in two days and football clubs across the world are frantically working to secure players for the new season, its a time for rumours and crazy amounts of money being spent on players who I feel aren't worth that time of money.

Yes football is a global sport and we all love it but a large portion of that money is now concentrated in European Leagues like the EPL, La Liga, Bundesliga and Serie A.

These are the leagues where teams spend huge amounts of money to acquire players they feel will perform on the field and sell shirts and ads off the field.

As the reach of these clubs expands outside their host nation so does the demand for merchandise and TV rights to watch these games.

Both these value chains have an insane amount of middlemen all helping to inflate the price and lock you into purchasing overpriced goods such as pay per view programs, satellite TV subscriptions and overpriced branded shirts fanatic supporters don't question and keep buying each year.

Influx of money

This continued influx of money and rising revenue has encouraged clubs to leverage large amounts of debt with banks or rich shareholders to create larger stadiums and purchase players with funds they do not have, as the promise of exponential growth and returns keep these clubs afloat even if the books don't balance.

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Image source: - givemesport.com - A review of club spending on transfers only

Where does the money go?

This large injection of cash goes to shareholders but we also see a substantial portion being pumped into the football player market.

We now see players regularly costing 50 000 000 pounds or more and wages of 120 000 pounds a week are slowly becoming the standard, with elite or so-called elite players earning 2 or even 4 times that per week, regardless of if they play or not.

If you thought crypto was volatile and based on thin air, then I don't know where they get the valuation on some of these players.

Too little work, for too much money

Don't get me wrong I think what many of these guys have to go through to become a top footballer is worth a pretty penny and careers are short but there has to be a line on what a player can command in terms of a salary and transfer fees.

If not we're going to see Billion Dollar players in the near future. It's already started to reach a point where clubs are putting up insane prices on players and getting these valuations due to the desperation of other clubs who want to sustain their top spots and spending well over market value or within a natural budget.

Fifa has tried to put into practice financial fair play to curb this financial doping but so far it has not slowed down the top clubs from shilling out millions if not billions each season on players.

This type of spending only serves to extend the gap between the big and smaller clubs with the bigger clubs having their pick of the best players and not having to focus on building a team or looking at youth, they can simply pouch the best players as they are groomed by another club.

This to me ruins the essence of the game and why we enjoyed the unpredictability of football, in fact, this current system is fast becoming stale in my opinion.

Have your say

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Imagine if a small portion of those salaries went into other human endeavours what we could achieve instead of a nil all draw after 90 minutes.

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It’s actually quite insane if you think about it like we as a race would much rather fund guys kicking a ball and make sure they’re all multi millionaires than support sustainable living, poverty alleviation and charitable causes

I love football, I enjoy it but I don’t think 1000 times a normal salary is needed for them to play their best but hey what do I know

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It never ends. There has to be a bump-stop somewhere but the it just keeps going up and up. This Rooney transfer -
https://steemit.com/football/@leedsunited/rooney-ffp-fiddling-and-gambling-a-review-of-the-rooney-transfer
is just money cascading down the divisions. £100k a week for a championship player???!!
TV and Sky brought the money in and changed the game for the better but the amount of money these players are earning and being swapped out for is now, and has been for quite a while morally and ethically corrupt, yet I still want to see my team play...
Where is the answer and what will the ultimate outcome be?

I say the same thing it can’t always keep going up there has to be a point where it’s completely unsustainable! I mean clubs are going into administration after relegation a fair bit and I think it will continue as they are all trying to play the money game

There are plenty of football agents and administrators also pocketting big bucks for doing pretty much nothing

I really don’t know where it will stop but I hope my team keeps some sense about them I’d like to support them for many years to come, win or lose

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We went into admin 16 years ago now and have never got back to the Premier League after we gambled all Champions League football and missed out by a point on the last day of the season.
Then the house of cards came tumbling down along with our position, right down to 2 seasons in League 1.

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I think if owners are limited in pumping funds directly and through back doors like sponsorship deals and loanings against club assets we would see a completely different game! Teams like Leeds could retain youth they invested in, we would see teams like leads, Southampton and Crewe do so much better when they’re players are not poached every year

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I think if owners are limited in pumping funds directly and through back doors like sponsorship deals and loanings against club assets we would see a completely different game! Teams like Leeds could retain youth they invested in, we would see teams like leads, Southampton and Crewe do so much better when they’re players are not poached every year

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That's an interesting view point and I shall give it some thought , but in the mean time, not every club is or even has the potential to be a 'big' club. Crewe of course, is a great example of consistently developing youth talent and then selling them on but they will never be big enough (supporter base) to keep players that deserve to be playing at a higher standard.
Another vicious circle again!

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