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"The most recent winners of the UEFA Champions League are the richest club in the world; the richest club in Germany; the billionaire oligarch-owned English club; the second richest club in the world, twice; and the richest club in England. Meanwhile, more than half of all clubs lose money. With startling clarity, Stefan Szymanski reveals how money decides the destiny of your soccer club."--Back cover.
Football is a sport loved all over the world. A game can be traced back to 2500 B.C according to the Greeks, however the sport as we know it now began with the creation of the F.A of England on 26th October 1863. It wasn't long before the professional game began when players from mill towns like Blackburn and Darwen started to sneakily pay players a wage and a transfer fee. Football soon became global and leagues began to be created. The game exploded and has continued to grow until today.There is an uglier side to the game these days, one in which money has become the number one factor. Money at the heart of football has grown at an astonishing rate since the 1980's, or 1979 to be precise, when the first million pound transfer happened in the UK, Trevor Francis moving from Birmingham City to Nottingham Forest. To think that this figure has grown to the staggering 222 million Euro transfer of Neymar from Barcelona to Paris St-Germain in just 38 years is enough to make the eyes water.This book looks at the financial gap in football, from the sad day in 2019 when Bury were thrown out the league to how the likes of Chelsea and Manchester City can spend hundreds of millions assembling a team. It focuses in on clubs who are run in the right way, to those that spend more than they earn and end up like Bury. Financial Fair Play has been bought in, but that hasn't stopped unscrupulous owners flouting the rules.Football is a game that used to be owned by the fans, these days some clubs have become a play thing for rich benefactors. This book does not look to blame people, instead it's here to shed light on how football has become a game based around pound notes instead of those who sing in the stands.
• A Boston Globe Best Book of 2015 • “A penetrating examination of how the elite college football programs have become ‘giant entertainment businesses that happened to do a little education on the side.’”—Mark Kram, The New York Times Two-time Pulitzer-Prize-winning journalist Gilbert M. Gaul offers a riveting and sometimes shocking look inside the money culture of college football and how it has come to dominate a surprising number of colleges and universities. Over the past decade college football has not only doubled in size, but its elite programs have become a $2.5-billion-a-year entertainment business, with lavishly paid coaches, lucrative television deals, and corporate sponsors eager to slap their logos on everything from scoreboards to footballs and uniforms. Profit margins among the top football schools range from 60% to 75%—results that dwarf those of such high-profile companies as Apple, Facebook, and Microsoft—yet thanks to the support of their football-mad representatives in Congress, teams aren’t required to pay taxes. In most cases, those windfalls are not passed on to the universities themselves, but flow directly back into their athletic departments. College presidents have been unwilling or powerless to stop a system that has spawned a wildly profligate infrastructure of coaches, trainers, marketing gurus, and a growing cadre of bureaucrats whose sole purpose is to ensure that players remain academically eligible to play. From the University of Oregon’s lavish $42 million academic center for athletes to Alabama coach Nick Saban’s $7 million paycheck—ten times what the school pays its president, and 70 times what a full-time professor there earns—Gaul examines in depth the extraordinary financial model that supports college football and the effect it has had not only on other athletic programs but on academic ones as well. What are the consequences when college football coaches are the highest paid public employees in over half the states in an economically troubled country, or when football players at some schools receive ten times the amount of scholarship awards that academically gifted students do? Billion-Dollar Ball considers these and many other issues in a compelling account of how an astonishingly wealthy sports franchise has begun to reframe campus values and distort the fundamental academic mission of our universities.
Football, Gambling, and Money Laundering by Fausto Martin De Sanctis Pdf
Professional football means many things to many people. For players, a means to possible fame and fortune. For fans, a source of local or national pride, and perhaps the chance to score with a few bets. For criminal organizations, a cover for making millions in corrupt enterprises. In the world of gambling this is no different. Football, Gambling, and Money Laundering describes in impressive detail the scope of the problem, the layers of denial that allow sports-related financial crime to flourish, and the steps that are being taken--and that need to be taken--to combat illicit operations in the sports world. Expert analysis explains criminal activity in the context of football, and how sports governing bodies, the media, and others have created a culture that regularly turns a blind eye. International data and instructive legal case examples shed light on the role of the Internet in the spread of gambling and money laundering as well as the strengths and weaknesses of current law enforcement, legislative, and sports-based efforts in fighting corruption. Included in the coverage: • Criminal activity in the sports world • Financial crime and exploitation in football and gambling • Legal wagering and illegal betting, including online • Illegal and disguised payment instruments used by organized crime • International legal cooperation in combating money laundering • National and international proposals for improving the sports and gambling industries to prevent money laundering An authoritative reference to a growing and wide-reaching concern, Football, Gambling,and Money Laundering will find an interested audience among academics, prosecutors, judges, law enforcement officials, and others involved in efforts to curb corruption and money laundering in the world of football.
Money and Football: A Soccernomics Guide (INTL ed) by Stefan Szymanski Pdf
Modern soccer is big business. From the ill-received takeover of Manchester United by the Glazer family to Paris Saint Germain's current shopping spree for the best footballers on the planet, soccer finance has become an increasingly important part of the game. Barely a summer goes by now without a cherished club going into administration or a wealthy businessman funding a mid table team's ascension to Champions League competitor. Meanwhile, the twice-annual multi-million dollar merry-go-round of transfer season sees players (and now managers) signed for sums thought impossible just a decade ago. Understanding soccer finance has become essential for comprehending the beautiful game. But for many fans, soccer finance remains, frustratingly, a world that is opaque and difficult to grasp. Stefan Szymanski, co-author of the bestselling Soccernomics, tackles every soccer fan's burning questions in Money and Soccer: A Soccernomics Guide. From the abolition of the maximum wage in the 1960s, through to the impact of TV money both at home and abroad in the 1990s and 2000s, Szymanski explains how money, or lack of, affects your favorite club. Drawing on extensive research into financial records dating back to the 1970s, Szymanski provides clear analysis of the way that clubs have transformed in the modern era. This book isn't limited to European clubs. Szymanski, a renowned expert on sports management and economics, looks at what we can learn from comparing the ascension of Europe's biggest clubs to their lofty perches and with new financial models across the world. Through careful research and informative stories drawn from around the globe, Szymanski provides an accessible guide to the world of soccer finance.
Richer Than God: Manchester City, Modern Football and Growing Up by David Conn Pdf
Richer Than God is an authoritative, emotional, provocative account of Manchester City's takeover by Sheikh Mansour, culminating in their remarkable last minute Premier League title victory in May 2012. By placing the club's extraordinary current rise in the wider context of its patchy modern history, this is also the story of English football's transformation--from the battlegrounds of the 1980s to today's moneyed, seated, global entertainment. Conn is led to question the very nature of football clubs and being a supporter, the underlying values and running of what used to be called "the people's game." A labor of love, this powerfully told account of Manchester City's fall and rise, based on meticulous research over many years, and exclusive access and interviews with key figures, is written in the gripping, revelatory style Conn has made his trademark.
Sports Illustrated: The College Football Book by Editors of Sports Illustrated Pdf
Continuing its series of spectacular coffee-table books for the holiday season, Sports Illustrated presents The College Football Book, the ultimate gift for America's most passionate fans. SI launched this series in 2005 with The Football Book, devoted to the professional game. A New York Times best-seller that year, the book has taken root as a perennial, selling more than 200,000 copies to date. Now the editors of Sports Illustrated return to the gridiron, this time to serve the most avid football fans of all. With the best words and pictures SI has to offer, The College Football Book, brings to life the game's unparalleled excitement and pageantry, its legendary players, historic teams and epic rivalries. In 288 pages of the greatest photography and writing available anywhere, The College Football Book spans the sport's history, from its infancy in the 1800s right up to the postseason showdowns of 2008. The book is packed with stunning pictures, award-winning stories, original stats, decade-by-decade all-star teams and iconic artifacts photographed exclusively for this book at the College Football Hall of Fame--the same exciting mix of elements that makes each book in the SI series a must-have for sports fan.
FIFA (Fédération Internationale de Football Association) by Alan Tomlinson Pdf
Founded in 1904 by representatives of the sporting organisations of six European nations then expanding into the Americas, Asia and Africa FIFA has developed to become one of the most high profile and lucrative businesses in the global consumer and cultural industry. Recent years however have been characterised by a series of crises leaving the organisation open to critique and exposure, and creating a soap operatic narrative of increasing interest to the global media. In this critical new account of one of the world’s most important sporting institutions, Professor Alan Tomlinson investigates the history of FIFA and the underlying political dynamics characterising its growth. The book explores the influence of the men who have led FIFA, the emergence of the World Cup as FIFA’s exclusive product, FIFA’s relationships with other federations and associations, the crises that have shaped its recent history, and the issues and challenges that are likely to shape its future. Particular focus is given to selected moments in the post- Havelange administration and the way in which FIFA, its current president Joseph Blatter and some key close colleagues have responded to and survived successive scandals. The book provides a foundation for understanding the growth and development of what is widely accepted as the world’s most popular sport; sheds light on the shifting politics of nationalism in the post-colonial period; and reveals the opportunistic forms of personal aggrandizement shaping an increasingly media-influenced and globalizing world in which international sport was both a harbinger and an early reflection of these trends and forces. Fascinating and provocative, this is essential reading for anybody with an interest in soccer, sport and society, sports governance, or global organisations.
Why Fantasy Football Matters by Erik Barmack,Max Handelman Pdf
Talking Trash, Trading Studs, and Drafting Sleepers -- an Insider's Guide to the World's Greatest Obsession U.S. businesses lose $200 million in productivity each football season because employees are managing their fantasy squads instead of working. In Why Fantasy Football Matters (And Our Lives Do Not), two grizzled veterans revel in the addiction that is fantasy football. From pre-draft hijinx to post-draft trash talk, from tumultuous trades to the perils of free agency, it celebrates the eccentric personalities, absurd rituals, and hilarious superstitions of one of the most fanatical fantasy leagues on earth. With humor, insight, and a dash of advice, Why Fantasy Football Matters celebrates the thirty-two million Americans who prefer managing their fantasy squads to relaxing with loved ones. And it gives girlfriends, coworkers, and sports purists all the proof they need to accept that this is an obsession that really matters.
Football's Secret Trade by Alex Duff,Tariq Panja Pdf
A no-holds-barred exposé on the financial transactions of the world's favourite sport The transfer fees clubs pay to sign top players now top €4 billion a year but much of the money has been flowing out of the game. A small group of wealthy investors including Russian oligarchs, English racehorse owners and a former billionaire gold miner have seized the opportunity to enter this booming market. Some have moved in on the territory of banks and lent money to clubs in exchange for a share in fees generated by Cristiano Ronaldo, Neymar and dozens more of today's stars. Others have acquired obscure teams to get a piece of the pie. Even as the global financial crisis sent fortunes tumbling this select group found a profitable place to park their money. The size of the transfer market has continued to rise –- it increased seven-fold in value the last two decades, more than the FTSE share index. Between them, these wealthy investors have amassed hundreds of millions of euros in profits. At the same time, they have managed to stay out of the spotlight the world’s most popular sport brings. Football’s Secret Trade follows the money along a trail very few know about, from nondescript offices in the U.K. and ramshackle stadiums of South American clubs you have probably never heard of to offshore bank accounts in the Caribbean. Warning – you won’t see a major transfer deal in the same light again.
Money Laundering through the Football Sector by OECD Pdf
This report is based on four main sources: an extensive literature review, the analysis of the answers to a questionnaire sent to FATF and FSRB members; the results of a typology workshop and subsequent consultation with the football sector. Results ...
The American Football League, established in 1960, was innovative both in its commitment to finding talented, overlooked players—particularly those who played for historically black colleges and universities—and in the decision by team owners to share television revenues. In Mavericks, Money and Men, football historian Charles Ross chronicles the AFL’s key events, including Buck Buchanan becoming the first overall draft pick in 1963, and the 1965 boycott led by black players who refused to play in the AFL-All Star game after experiencing blatant racism. He also recounts how the success of the AFL forced a merger with the NFL in 1969, which arguably facilitated the evolution of modern professional football. Ross shows how the league, originally created as a challenge to the dominance of the NFL, pressured for and ultimately accelerated the racial integration of pro football and also allowed the sport to adapt to how African Americans were themselves changing the game.
A compelling examination of football club ownership in the era of the super-rich Once upon a time football was run by modest local businessmen. Today it is the plaything of billionaire oligarchs, staggeringly wealthy from oil and gas, from royalty, or from murkier sources. But who are these new masters of the universe? Where did all their money come from? And what do they want with our beautiful game? While almost cloaked in secrecy, the billionaire owner has to raise his head above the bunker when it comes to football ownership – a rare Achilles heel that allows access to worlds normally off limits journalists and outsiders. In the Billionaires Club James Montague delves deeper than anyone ever dared, to tell this story for the first time. He criss-crosses the world – from Dhaka to Doha, from China to Crewe, from St Louis to London, from Bangkok to Belgium – to profile this new elite, their network of money and their influence that defies geographic boundaries. The Billionaires Club is part history of club ownership, part in-depth investigation into the money and influence that connects the super-rich around the globe, and part travel book as he follows the ever-shifting trail around the globe in an attempt to reveal the real force behind modern-day football. At its heart The Billionaires Club is a football book, about some of the biggest clubs in the world. But it is also about something bigger: the world around us, the global economy, where the world is headed and how football has become an essential cog in this machine. The book discusses the dawn European Super League, and the repercussions for the future of the game.
Big Money, Beautiful Game by Paul Dempsey,Kevan Reilly Pdf
Drawing on two year's research and interviews with people at all levels of the game, from die-hard supporters to play-hard club directors this book, charts the development of financial football where financial firepower translates directly into success on the pitch and concludes that it is not too late to save football from itself.