Inferior football code spends lots of money
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http://www.bbc.co.uk/sport/football/37209664
The soccer (possibly the fourth best football code in the world) English Premier League has spent £1.165 Billion on player transfer deals. This is thanks to a £5.1 billion television deal. The clubs have to spend this money in a player arms race, there are fine margins between success and failure, and the rewards are massive (so that's why Championship clubs are getting invovled in this inflation).
There is also a restricted pool of players, so an increasing amount of money is chasing a fixed pool (more or less, even on a world scale).
Obviously, this isn't a net spend, since teams that bought also sold, those that sold may have sold at a profit, and some are selling players they have not bought.
Of course, that £5.1 billion means someone thinks they can make more out of broadcastign (alone) of soccer than that amount. That is through advertising, so football is a means of building an audience and a product to sell to companies: consumers. We do that for free, we provide oiurselves and our cash.
http://www.dw.com/en/football-a-billion-dollar-game/a-19505179Germany's Bundesliga is in second place. In the last season, the Premier League took in $4.9 billion (4.4 billion euros) – the Bundesliga, $2.7 billion (2.4 billion euros).The 20 Premier League associations have a payroll of more than $3 billion, whereas the 18 Bundesliga teams put out less than half that.Bundesliga teams have invested about $520 million on players, up from nearly $470 million last year – a 10 percent increase. That does not include transfers still pending before the August 31 deadline.Christian Seifert, CEO of the German Football League (DFL) said: "If you're growing 10 times faster than the German economy in general, you're in a good position."Karsten Hollasch agrees, the leader of the Sport Business Group for consulting firm Deloitte, told DW that the league can expect "solid and continual growth over the long term."The further internationalization of the "Bundesliga brand" grows ever more important, Hallasch said. During the off-season, FC Bayern was in the US and Schalke 04 in China. Even FSV Mainz 05 made a stateside appearance.Social media plays a big role in this brand identity strategy. Facebook and Twitter are not only for connecting with fans around the world but for investors, too. When the team goes overseas, it "can promote its sponsors there."
Young Master Smeet wrote:http://www.bbc.co.uk/sport/football/37209664The soccer (possibly the fourth best football code in the world) English Premier League has spent £1.165 Billion on player transfer deals. This is thanks to a £5.1 billion television deal. The clubs have to spend this money in a player arms race, there are fine margins between success and failure, and the rewards are massive (so that's why Championship clubs are getting invovled in this inflation).There is also a restricted pool of players, so an increasing amount of money is chasing a fixed pool (more or less, even on a world scale).Obviously, this isn't a net spend, since teams that bought also sold, those that sold may have sold at a profit, and some are selling players they have not bought.Of course, that £5.1 billion means someone thinks they can make more out of broadcastign (alone) of soccer than that amount. That is through advertising, so football is a means of building an audience and a product to sell to companies: consumers. We do that for free, we provide oiurselves and our cash.That still doesn't explain why Spurs were stupid enough to pay £30 million for Sissoko. There aren't many happy moments following Newcastle United, but this really cheered me up!!!
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