Football is the greatest sport in the world, where anything can happen and it can put you on the edge of your seat. But recently money has flooded the sport, and has corrupted it.
Massive spending, wage bills, bribery for match fixing have entered the sport and made it less about the football and more about who is in debt and whoisn’t, who might go into administration and who won’t. The passion and excitement of just watching and enjoying the game itself has been tainted with other issues invading the sport.
There are many stupid transfers that have taken place, for example Cristiano Ronaldo who went to Real Madrid form Manchester United for £80 million, Kaka who went to Real Madrid from Ac Milan for £60 million and Fernando Torres who went from Liverpool to Chelsea for £50 million.
The main qualms I have with the way money has effected football is in terms of player wages. Player wages for the 2011-12 Premier League season reached a record £1.6 billion pounds. This represents a 70% wages to revenue ratio, a figure that would be completely untenable in any other buisness. The way big private investors and owners pump their own private funds into individual clubs makes the situation even worse. It means that teams like Manchester City or PSG are able to pay over the odds wages and sometimes in excess of £200,000 a week to attract the most talented players in the world!
Money may well be ruining football, but in some cases, the blame lies with the clubs themselves. Players and their agents will always be considered greedy. Sponsorship will continue and probably grow. More clubs will go out of existence. Sooner or later, as with any market driven by money, the walls may come crashing down. Football could be a victim of its own success and popularity. However, while football continues to be the most popular sport on the planet, there will always be a market for it. And where there is a global market for something, there will always be money. For the forseeable future, money in football is here to stay.