I'm not too sure why a random episode of the excellent AMC series "Mad Men" prompted me to write about the way soccer clubs spend their money, but I figure why fight it?
As we reach closer to the beginning of another European club season, you start to see how teams are shaping up for the new campaign. What you also get to see are all the new signings clubs have made over the past few months. For the supporter it's a time of endless hope, where the long standing members of the squad team up with the new boys in order to chase that moment of glory for your club. From Chelsea to Blackpool, Inter to Bari and Barca to Sporting Gjidon, every supporter believes it's their year, but what seems to get lost in the hysteria of the new club record signing, ownership trotted out at the club ground, is the price tag.
I found it interesting that during the global economic meltdown, with some of the largest and most important institution crumbling under the weight of bad financial decisions (Lehman Bros, GM, Chrysler, RBS etc..) Football seemed to be completely impervious to this. Now of course when I say this I mean the big world clubs as many of the smaller clubs REALLY felt the brunt of the economic down turn. Clubs like Portsmouth, West Ham, Crystal Place, Valencia, Lazio, Nice, Rangers have all had to make what were in effect austerity measures to stay afloat and out of administration, and in the end this was not even enough to save Pompey and Crystal Place from bankruptcy.
