26 August 2014

South Africa: The Rise of Football's False Economy


The wages of the professional football player continue to rise and, compared to historical earnings, are completely outrageous. It's not their fault - they are part of the essence of earning revenue for one of the biggest sports in the world - but the whole scenario is only fuelling a false economy that's impacting on smaller clubs and one of the key components of this machine: the fans.

What do you do when you're a big football club that has slowly fallen from grace since your big boss left and his groomed successor flopped? You strengthen your team, of course. But the problem is that this kind of business, the fanfare of buying and selling players like prized race horses, creates a false economy. Yet it's not the clubs spending big money who suffer, and it's also nothing new.

From Andy Carroll quadrupling his wages to Fernando Torres being sold for over-the-top prices, football's relationship with money - and the value of a person - is nothing short of ghoulish.

Every year, the amount of money spent on players continues to rise - and not by a small percentage either. It's the price we pay for the...

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