The font of all knowledge has a story here on the record spending in the transfer window. Now to some extent, this is a bit strong, as the transfer window as such has not been going all that long really; so any figures are from a very small statistical set.
However, there has been huge spending, Leeds have signed Richard Naylor and Vince Grella and some other clubs have done deals too.
At £160 million a lot has been gambled on new players by the various clubs. With £30 million at stake to stay in the premier league some of the spending has clear business justifications. Other spending will en up like Jo, £19 million signing loaned out. I doubt Man City will ever get more than a few quid for him.
So why is football recession proof - first of all this season is very close. The top four could all still win the title and the bottom twelve could go down. Pressure of success or failure is perhaps concentrating a few minds.
Less good for the bosses though is the law of unintended consequences. league managers last longer in their jobs these days, yet the new managers want to make lots of changes; see Harry Redknapp. New changes cost money and the old payers are shipped out at a loss. Noticeably, stable clubs like Arsenal make very few signings and changes.
Overall though, because of the last point I expect football transfers to go even more crazy than they already are; football agent, a perfect recession proof job, no qualifications needed.
UPDATE: No news re the bidding today for the new Premier League Rights - second round bids likley which means the moey will keep rolling in. Perhaps football can keep us going in a recession?
Just another bubble ready to burst.
ReplyDeleteNot for a while though, the media contracts are all sown up for another 3 years yet. Plenty of gullible billionaries still prepared to get involved.
ReplyDeleteIsn't it an indication that there is a lot of money floating around, but people would rather put it into football teams than into banking shares, Harry Rednapp and co being more reliable and honest than the banking/politico fraternity?
ReplyDeleteLeeds in 7th need 4 pts for the playoffs, so a punt on some 18 month contracts players seems reasonable.
ReplyDeleteBut Robbie Keane + Jermaine Defoe? What is Tottenham doing?
bought for 6 or 7 million, Sold to Portsmouth for 9 million and taken back a year later for 16 Million.
Keane.. bought for 7 million from Leeds. Sold for £19 million and taken back a year later £12+ million.
Meanwhile 16 million Darren Bent sits on the bench and Roman Pavlyuchenko 14 million .. plays for the reserves?
Anyone would think football clubs were in the public sector.
Aren't the Premier League TV rights up for bidding again? From start of 2010 season I think. In which case we'll get a very clear indication of what football is worth in a recession.
ReplyDeleteGreat Simpleton - we will find out today, although BBC paid the same for highlights recently. will update the post later when we get the news.
ReplyDeleteCircuses cheaper than bread for all?
ReplyDelete"Harry Rednapp and co being more reliable and honest than the banking/politico fraternity?"
ReplyDeleteEd, you are kidding right?
I must agree with TEV.
Look at the biggest club in the world Man Utd. bought by the glazers for £800 4 years ago, then had all that debt loaded onto it. The club's no doubt impressive profits (£50 mill approx for 2006/7) are contingent on continued good performances in the champions league, i.e. semi finals at least, and winning the league. what happens when they only come second a couple of years running? or heaven forbid, only win the carling cup? their continued dominance might even be self limiting in that much of the domestic audience that has been addded since gazza's tears in italia 90 may well start to get a bit bored. Hence game 39.....
But Leeds didn't sell Fabian Delph. That's the big story.
ReplyDeleteHaving been a regular at Elland Road in the late 60's its just about enough to make me weep when I see what is going on.
ReplyDeleteYou would think they would have been a salutary lesson in spending to chase dreams, but still supposedly level headed businessmen fall over themselves to buy football clubs. Madness.
What was it Sugar said about owning a football club? I know he describes it as a waste of his life but there was something about players having better cars than the Directors.
@Roym,
ReplyDeleteFootball profit may not be the same as the business profit. United could - if things go wrong - be in big trouble
http://peter-bills.livejournal.com/1205.html
Tragic eh?
The Tories are cretins. The banner advert at the top of your 'blog informs me that the UK has "fallen behing Canada and Korea".
ReplyDeleteFirstly, in popular parlance, there's no such country as 'Korea', I take it they mean 'South Korea'?
Secondly, AFAIAA, both those countries have good reputations on education, so falling behind them is not an utter disgrace anyway.
For "The" read "Their", as in "The Tories' banner advert ..."
ReplyDeleteAt least a lot of the players and agents are so daft as to spend it all on tat. If I was paid £5 million a year, I spend fuck all.
ReplyDeleteElby - yes as you can imagine, my heart bleeds for them, as always!
ReplyDeleteMark - I happen to think Gove is the best of the Cameroons intellectually. No idea whether he can run a department; but has to be better than Estelle Morris and Balls.
ReplyDeleteDick - not even a WAG for your efforts; I don't think I could resist myself.
ReplyDeleteGove is as corrupt as they some, something to do with carpets and academies.
ReplyDeleteInteresting fact: Gove was adopted.
aaaa片, 免費聊天, 咆哮小老鼠影片分享區, 金瓶梅影片, av女優王國, 78論壇, 女同聊天室, 熟女貼圖, 1069壞朋友論壇gay, 淫蕩少女總部, 日本情色派, 平水相逢, 黑澀會美眉無名, 網路小說免費看, 999東洋成人, 免費視訊聊天, 情色電影分享區, 9k躺伯虎聊天室, 傑克論壇, 日本女星杉本彩寫真, 自拍電影免費下載, a片論壇, 情色短片試看, 素人自拍寫真, 免費成人影音, 彩虹自拍, 小魔女貼影片, 自拍裸體寫真, 禿頭俱樂部, 環球av影音城, 學生色情聊天室, 視訊美女, 辣妹情色圖, 性感卡通美女圖片, 影音, 情色照片 做愛, hilive tv , 忘年之交聊天室, 制服美女, 性感辣妹, ut 女同聊天室, 淫蕩自拍, 處女貼圖貼片區, 聊天ukiss tw, 亞亞成人館, 777成人, 秋瓷炫裸體寫真, 淫蕩天使貼圖, 十八禁成人影音, 禁地論壇, 洪爺淫蕩自拍, 秘書自拍圖片,
ReplyDelete做愛的漫畫圖片, 情色電影分享區, 做愛ㄉ影片, 丁字褲美女寫真, 色美眉, 自拍俱樂部首頁, 日本偷自拍圖片, 色情做愛影片, 情色貼圖區, 八國聯軍情色網, 免費線上a片, 淫蕩女孩自拍, 美國a片, 都都成人站, 色情自拍, 本土自拍照片, 熊貓貼圖區, 色情影片, 5278影片網, 脫星寫真圖片, 粉喵聊天室, 金瓶梅18, sex888影片分享區, 1007視訊, 雙贏論壇, 爆爆爽a片免費看, 天堂私服論壇, 情色電影下載, 成人短片, 麗的線上情色小遊戲, 情色動畫免費下載, 日本女優, 小說論壇, 777成人區, showlive影音聊天網, 聊天室尋夢園, 義大利女星寫真集, 韓國a片, 熟女人妻援交, 0204成人, 性感內衣模特兒, 影片, 情色卡通, 85cc免費影城85cc, 本土自拍照片, 成人漫畫區, 18禁, 情人節阿性,
情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, ut聊天室, 視訊聊天, 免費視訊聊天室, a片下載, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網, 影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友,
ReplyDelete免費A片, 本土自拍, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片, 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 免費A片下載, 性愛, 成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲, 情色視訊,