Football needs a savior it is in dire straits. The game needs someone who loves the sport but is also an expert in business. A business expert that does not suffer fools gladly, take any nonsense, and wants more that just cautious Carols and steady Eddies. The answer is Sir Alan Sugar.
He is not shy about letting his opinions be known and he has already investigate why the game finds it self up the proverbial creek with no paddle in site. While talking with members of the fraternity of football, he tries to find out what is the cause behind such financial disaster in the world’s most beautiful game.
In 1992 when the English Premier League premiered the chairmen of all the clubs had agreed to a television contract with BSkyB television, part of Rupert Murdoch’s empire for the sum of £300. With all that money coming in the clubs starting handing out large contracts and starting purchasing players from other countries and other clubs and the spending soon spiraled out of control.
Now the Premier League is seen in more than a half a billion homes and Sky is paying more than a billion pounds for the TV rights and the clubs are selling millions of pounds in tickets, merchandising and TV deals. But why are seven out of every 10 clubs in debt. The total debt in the Premier League stands at a whopping £3.3bn which is higher than any other league in the world.
What the general consensus is that the player’s salaries are the culprits. The wage bills for teams have skyrocketed to colossal levels never before seen and are draining the clubs of all their earnings. Many put blame on the money hungry sharks known as agents as well and the overall consensus is that something needs to be fixed quickly.