English 'Money' League

Since the Premier League broke away from the Football League and its lower divisions in 1992, the free market opened and globalisation of English Clubs made the league the world’s most watched and richest.

Since then, money have been flowing from the pockets of the club owner’s despite the governing body, UEFA’s decision to imply ‘Financial Fair Play’ rules. If the rule is offended, clubs may have to risk being excluded from the European competitions if they don’t break even, i.e., give or take 45 million Euros between 2011 and 2014. Still English clubs have made outrageous spending disturbing the balance between rich clubs and others in the league.

Billionaire Roman Abramovich owned Chelsea FC threw GBP71 million signing two players, Fernando Torres (record signing in British football history) and David Luiz. Manchester City, currently third on the table spent GBP 21 million to sign a single striker, Edin Dzeko. Ironically, the deal took off in the week the local council announced government cuts, forcing to lay off 2000 staffs. City’s owner, Shiekh Mansour of Abu Dhabi has spent over GBP 500 million only on transfer fees in two and a half years. Other big players in the league, Manchester United and Arsenal, are also being owned by foreign millionaires and billionaires to keep them running.

Fernando Torres’ outrageous GBP50 million transfer fee is an example of the money madness that is gripping English football

“The worst governed sport in the country”, as described by Hugh Robertson, British Sports minister. Such has become the intensity of the game, it seems one day the ball being kicked at the stadia will be replaced by a bundle of fresh smelling bank notes, which are mostly being taken away by the fans. At a time when financial crisis is looming large over the country, clubs keep on spending millions of money simply to climb a few places in the table. This is a mad world we live in where money rules sport!