Football: What Crisis?
Manchester United accept GBP 80 million offer for Cristiano Ronaldo from Real Madrid, BBC News reports.That’s a record.
Manchester United: Reds accept £80m Ronaldo bid
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June 12th, 2009 at 12:55 am
jck,
Oh, when the bell is penultimately rung, it rings the loudest! The football xfer market resembles the impressionist market of the late 1980s, and rarefied asset markets (be they wine, bad modern art, or Honus Wagner T206 baseball cards of mid-decade post turn-of-the-millennium.
Some lessons from Japan and the art market are recounted here…
Better Late Than Never, Mar Saito’s Back in the Money
Sure, there is chance that globalization of the sport and technology has allowed the monetization of potential revenues that visionaries foresaw (and continue to foresee) on an as-yet conceivable scale, contrary to pessimists comme moi. On the other hand, “Shit Happens”, and when it does, and you’re leveraged and contractually bound, the result is deterministic…
June 12th, 2009 at 12:34 pm
One thing we have learned with bubbles is that there will always be somebody claiming that “it makes good business sense.”
This deal is happening just as Setanta ( an upstart tv channel heavy buyer of sporting rights) is on its to bk court.Plus ça change, plus c’est la même chose…