A weekly compilation of interesting business news related to soccer.
In Premier League, Spending Is as Important as Scoring- August 12th
But after building a new stadium to double its capacity to 60,000, Arsenal somehow lost the ability to turn performance into points. Wenger, its coach for 15 years, once made the team invincible and went a season unbeaten.
The last seven years eroded that. Wenger still preaches his game, still tries to buy bargains and nurture youth to his cult. But six seasons without a trophy has made the supporters and some players restless.
Full Article >> NYTimes
Eto’o’s $85 Million Question – August 15th
If Inter Milan and Russia’s Anzhi Makhachkala reach an agreement over his transfer, he will have to decide whether to stay in Milan, compete for the Champions League and the Serie A title and earn a prodigious amount of money, or simply leave and make more in salary than any athlete in the history of mankind—even if it means becoming invisible to most fans.
Full Article >> Wall Street Journal
The Premier League has priced out fans, young and old- August 16th
In the 20th year since the First Division clubs broke away from the Football League to keep the new satellite TV fortunes and form the Premier League, money has transformed the game – and the price of watching it.
Full Article >> The Guardian
Major League Soccer amends Designated Player rule – August 16th
The rule will allow clubs to sign young, foreign talent as Designated Players at a smaller budget charge than the current system.
Beginning in 2012, foreign players who are 20 years old or younger can be signed for a budget charge of $150,000, while foreign players between the ages of 21 and 23 will count $200,000 against a team’s salary cap. For comparison, current DP’s represent a $335,000 hit against a club’s budget of $2,675,000.
Full Article >> LA Times
US investor buys majority stake in AS Roma- August 18th
A consortium led by Thomas DiBenedetto, a US private equity investor, has become the first foreign owner of an Italian top league football club, after agreeing on Thursday to buy a controlling stake in AS Roma.
Full Article >> Financial Times