Football revolution

On April 18, 12 of the most powerful football clubs from the United Kingdom, Spain and Italy announced that they were launching a European Super League (ESL), a new closed-shop competition. The founding members were all to be guaranteed a permanent spot in the league, regardless of performance.

The announcement caused an uproar among football fans, who largely saw it as a betrayal by the 12 clubs, who in the pursuit of more revenue seemed to be abandoning sporting values. Government officials and football authorities vowed to do what they could to stop the new league.

Two days later, the ESL unravelled. Two of the 12 clubs, Chelsea and Manchester City, announced they were pulling out of the competition, and were quickly followed by the other four clubs from the English Premier League. Atletico Madrid and Inter Milan then also quit.

Although the project was short-lived, it constituted a brazen attempt at a coup d’etat at the top of the sport. For decades, lone voices battling against the tide have warned about the dangers of the growing dominance of capital to the sporting values of ‘the beautiful game’. The ESL debacle should be a wake-up call to the fact that football is in urgent need of reform.

UEFA, FIFA, and the domestic leagues also reacted with fury to the announcement, but it is these self-same institutions which have brought the game to this present crisis. They have overseen an astonishing rise in player salaries over the past 30 years, with the rewards of bloating ticket prices and TV subscriptions increasingly concentrated in a top 0.001 percent of footballers, their agents and club owners.

The football authorities have happily watched some of Europe’s most historic clubs taken over by ruthless multinational investment groups and even Gulf states. Eight out of the 12 Super League clubs were bought in the past 20 years.

With little in the way of regulatory controls over what this new breed of billionaire owners can do, and no serious role given to fans in the governance of clubs, except in Germany, it was inevitable that they would seek ways to maximise the potential value of their “assets”.

The pandemic has exposed how this system pushes clubs to rack up enormous debts chasing instant success. Of the 12 founding clubs of the new Super League, at least half have amassed massive debt burdens that now appear unserviceable, after match-day revenues from fan attendance disappeared in Europe’s Covid-19 lockdowns.

In Italy, Inter Milan has sought $200m in emergency cash in February, while Juventus needs to raise $120m by the end of June. In Spain, both Barcelona and Real Madrid are in the red to the tune of more than $1bn. In England, the Glazer family has turned Manchester United from a debt-free club to one that has paid out more than $1.3bn in interest payment and fees since their leveraged takeover in 2005. Tottenham are carrying an $840m debt and took out a special low-cost loan with the Bank of England at the peak of the coronavirus crisis. For these clubs, the Super League power-grab is an alternative to downsizing and living within their means.

Excerpted: ‘After the Super League debacle, we need a football revolution’

Aljazeera.com