The Financial Situation (57 Viewers)
- Thread starter ReBeL
- Start date
Yup is practically a compromise to return the favor, apart from being paying back that favor 
.
Avout the stadium....since it already has been said that it cannot be expanded.... i think they will have to up the cost of the tickets right?-
.Avout the stadium....since it already has been said that it cannot be expanded.... i think they will have to up the cost of the tickets right?-
http://it.wikipedia.org/wiki/Stamford_Bridge home of Chelsea 41,800 spots our has 42000. Their stadio revenue is over 80m per year. What's up with the max 60m earnings from the stadium?
And Turin is a "rich" part. Imagine what some of the southern cities are going through where unemployments is double the rate of the north.
A lot of this has to do with the Euro though. A monetary union without a fiscal union is idiocy. At least with both, wealth is distributed offsetting the perils of a monetary union. With the Euro, 'strong' economies like Germany get stronger because a reenforcement mechanism. Essentially, the Euro has caused the disparity between the "core" and the "periphery". Germany for example it is an export driven economy, that was healthy at the right time compared to overly indebted countries in the South. Coming out of 2009, it was increasing productivity, its leverage was in check, and its banking system was healthy. As a result, it's GDP growth was much stronger compared to its periphery counter-parts. In a euroless world, Germany's economic strength relative to Italy, Portugal and Greece would result in an FX adjustment, leading to a stronger German currency. Instead, Germany had the Euro, which was dragged out by the poor performance of Italy, Portugal, Spain, Greece, and even France, Belgium and the Netherlands somewhat. Germany therefore had a "cheap" currency, which is perfect for its export-driven economy since. The result was that Germany's export economy is booming because its goods and services are "cheap" compared to the rest of Europe's, meaning that if you are an Italian business, you'd rather source from Germany since it will be lower cost than you buying from a similar business in Italy. This has hurt Italy's export economy (along with cheap Chinese imports), and caused the German economy to thrive.
Without the Euro, you would not see this self re-enforcing mechanism because the Italian foreign currency (insert other currency) would adjust and make Italian exports cheaper, whereas German exports would become more expensive. Germany is the China of Europe right now lol.
See the current accounts of the two countries over the last few years. Without the Euro, the periphery would have recovered a lot faster. Austerity also doesn't help the cause.
Btw this chart also shows why Serie A is struggling. Both Germany and Italy are export driven economies. If Italy's exports aren't attractive globally, GDP will lag, which hurts anything Italian, including the soccer teams.
Spain engineered their top team's success, and Italy could too if we were willing to split 1/2 the television budget between Juventus and Milan.
This also doesn't help Italy's cause:
As the current FIGC presidential issue is showing, these old farts vigorously defend the status quo, despite a need for change. My prediction: Italy undergoes a renaissance when all these 60-70 year olds running the country croak. One example is Berlusconi's daughter who clearly wants to go progressive with Milan, but is handicapped by traditionalists like Galliani. In North America business leaders are much younger than in Italy, and I think it helps a lot.
A lot of this has to do with the Euro though. A monetary union without a fiscal union is idiocy. At least with both, wealth is distributed offsetting the perils of a monetary union. With the Euro, 'strong' economies like Germany get stronger because a reenforcement mechanism. Essentially, the Euro has caused the disparity between the "core" and the "periphery". Germany for example it is an export driven economy, that was healthy at the right time compared to overly indebted countries in the South. Coming out of 2009, it was increasing productivity, its leverage was in check, and its banking system was healthy. As a result, it's GDP growth was much stronger compared to its periphery counter-parts. In a euroless world, Germany's economic strength relative to Italy, Portugal and Greece would result in an FX adjustment, leading to a stronger German currency. Instead, Germany had the Euro, which was dragged out by the poor performance of Italy, Portugal, Spain, Greece, and even France, Belgium and the Netherlands somewhat. Germany therefore had a "cheap" currency, which is perfect for its export-driven economy since. The result was that Germany's export economy is booming because its goods and services are "cheap" compared to the rest of Europe's, meaning that if you are an Italian business, you'd rather source from Germany since it will be lower cost than you buying from a similar business in Italy. This has hurt Italy's export economy (along with cheap Chinese imports), and caused the German economy to thrive.
Without the Euro, you would not see this self re-enforcing mechanism because the Italian foreign currency (insert other currency) would adjust and make Italian exports cheaper, whereas German exports would become more expensive. Germany is the China of Europe right now lol.
See the current accounts of the two countries over the last few years. Without the Euro, the periphery would have recovered a lot faster. Austerity also doesn't help the cause.
Btw this chart also shows why Serie A is struggling. Both Germany and Italy are export driven economies. If Italy's exports aren't attractive globally, GDP will lag, which hurts anything Italian, including the soccer teams.
Spain engineered their top team's success, and Italy could too if we were willing to split 1/2 the television budget between Juventus and Milan.
This also doesn't help Italy's cause:
As the current FIGC presidential issue is showing, these old farts vigorously defend the status quo, despite a need for change. My prediction: Italy undergoes a renaissance when all these 60-70 year olds running the country croak. One example is Berlusconi's daughter who clearly wants to go progressive with Milan, but is handicapped by traditionalists like Galliani. In North America business leaders are much younger than in Italy, and I think it helps a lot.
Agreed. Someone made an article about this not to long ago. How it would benefit greece to quit the euro. Cause they can lower their own coin's value to be interesting exportwise. And germany not wanting it cause the opposite is excellent for them.
I agree about the tv rights aswel. Actually, the "if we are willing" is a the nail on the head.
Spain didnt engineer it themselves. Madrid and Barcelona did when they decided to individually sell their tv rights, and the tv companies agreed and the rest of la liga cant really do much about that. They had some luck in the way Madrid criminally funded real by severely overpaying for their training complex tho.
In italy, we kinda have the issue that its all Juve, and then a bunch of teams who arent clear second best. Inter got the biggest attendences, but Milan make higher revenue (excluding transfers).
if one of inter or milan could relaunch themselves, and get 2 good years going with deep CL runs, we really should consider the option. Sell our TV rights individually.
Did the spanish competition perish ? Well, according to european results, they took a hit at first, and then recovered. Cause where do alot of players from both madrid and barcelona come from ? Domestic teams. The money flowing to madrid and barcelona due to individual television rights, flows back because they can now purchase domestically.
Just imagine this. Cavani, Pastore, Marquinho, Jovetic, Lavezzi, Ibrahimovic, T.Silva, Sanchez.
Imagine these players eighter staying at their team, or moving to Juve and one of Milan/Inter, just cause those two can now afford it. Imagine how much better Serie a would become. And with better teams, youth players loaned out play better opponents and grow more.
I agree about the tv rights aswel. Actually, the "if we are willing" is a the nail on the head.
Spain didnt engineer it themselves. Madrid and Barcelona did when they decided to individually sell their tv rights, and the tv companies agreed and the rest of la liga cant really do much about that. They had some luck in the way Madrid criminally funded real by severely overpaying for their training complex tho.
In italy, we kinda have the issue that its all Juve, and then a bunch of teams who arent clear second best. Inter got the biggest attendences, but Milan make higher revenue (excluding transfers).
if one of inter or milan could relaunch themselves, and get 2 good years going with deep CL runs, we really should consider the option. Sell our TV rights individually.
Did the spanish competition perish ? Well, according to european results, they took a hit at first, and then recovered. Cause where do alot of players from both madrid and barcelona come from ? Domestic teams. The money flowing to madrid and barcelona due to individual television rights, flows back because they can now purchase domestically.
Just imagine this. Cavani, Pastore, Marquinho, Jovetic, Lavezzi, Ibrahimovic, T.Silva, Sanchez.
Imagine these players eighter staying at their team, or moving to Juve and one of Milan/Inter, just cause those two can now afford it. Imagine how much better Serie a would become. And with better teams, youth players loaned out play better opponents and grow more.
And Turin is a "rich" part. Imagine what some of the southern cities are going through where unemployments is double the rate of the north.
A lot of this has to do with the Euro though. A monetary union without a fiscal union is idiocy. At least with both, wealth is distributed offsetting the perils of a monetary union. With the Euro, 'strong' economies like Germany get stronger because a reenforcement mechanism. Essentially, the Euro has caused the disparity between the "core" and the "periphery". Germany for example it is an export driven economy, that was healthy at the right time compared to overly indebted countries in the South. Coming out of 2009, it was increasing productivity, its leverage was in check, and its banking system was healthy. As a result, it's GDP growth was much stronger compared to its periphery counter-parts. In a euroless world, Germany's economic strength relative to Italy, Portugal and Greece would result in an FX adjustment, leading to a stronger German currency. Instead, Germany had the Euro, which was dragged out by the poor performance of Italy, Portugal, Spain, Greece, and even France, Belgium and the Netherlands somewhat. Germany therefore had a "cheap" currency, which is perfect for its export-driven economy since. The result was that Germany's export economy is booming because its goods and services are "cheap" compared to the rest of Europe's, meaning that if you are an Italian business, you'd rather source from Germany since it will be lower cost than you buying from a similar business in Italy. This has hurt Italy's export economy (along with cheap Chinese imports), and caused the German economy to thrive.
Without the Euro, you would not see this self re-enforcing mechanism because the Italian foreign currency (insert other currency) would adjust and make Italian exports cheaper, whereas German exports would become more expensive. Germany is the China of Europe right now lol.
See the current accounts of the two countries over the last few years. Without the Euro, the periphery would have recovered a lot faster. Austerity also doesn't help the cause.
Btw this chart also shows why Serie A is struggling. Both Germany and Italy are export driven economies. If Italy's exports aren't attractive globally, GDP will lag, which hurts anything Italian, including the soccer teams.
Spain engineered their top team's success, and Italy could too if we were willing to split 1/2 the television budget between Juventus and Milan.
This also doesn't help Italy's cause:
As the current FIGC presidential issue is showing, these old farts vigorously defend the status quo, despite a need for change. My prediction: Italy undergoes a renaissance when all these 60-70 year olds running the country croak. One example is Berlusconi's daughter who clearly wants to go progressive with Milan, but is handicapped by traditionalists like Galliani. In North America business leaders are much younger than in Italy, and I think it helps a lot.
A lot of this has to do with the Euro though. A monetary union without a fiscal union is idiocy. At least with both, wealth is distributed offsetting the perils of a monetary union. With the Euro, 'strong' economies like Germany get stronger because a reenforcement mechanism. Essentially, the Euro has caused the disparity between the "core" and the "periphery". Germany for example it is an export driven economy, that was healthy at the right time compared to overly indebted countries in the South. Coming out of 2009, it was increasing productivity, its leverage was in check, and its banking system was healthy. As a result, it's GDP growth was much stronger compared to its periphery counter-parts. In a euroless world, Germany's economic strength relative to Italy, Portugal and Greece would result in an FX adjustment, leading to a stronger German currency. Instead, Germany had the Euro, which was dragged out by the poor performance of Italy, Portugal, Spain, Greece, and even France, Belgium and the Netherlands somewhat. Germany therefore had a "cheap" currency, which is perfect for its export-driven economy since. The result was that Germany's export economy is booming because its goods and services are "cheap" compared to the rest of Europe's, meaning that if you are an Italian business, you'd rather source from Germany since it will be lower cost than you buying from a similar business in Italy. This has hurt Italy's export economy (along with cheap Chinese imports), and caused the German economy to thrive.
Without the Euro, you would not see this self re-enforcing mechanism because the Italian foreign currency (insert other currency) would adjust and make Italian exports cheaper, whereas German exports would become more expensive. Germany is the China of Europe right now lol.
See the current accounts of the two countries over the last few years. Without the Euro, the periphery would have recovered a lot faster. Austerity also doesn't help the cause.
Btw this chart also shows why Serie A is struggling. Both Germany and Italy are export driven economies. If Italy's exports aren't attractive globally, GDP will lag, which hurts anything Italian, including the soccer teams.
Spain engineered their top team's success, and Italy could too if we were willing to split 1/2 the television budget between Juventus and Milan.
This also doesn't help Italy's cause:
As the current FIGC presidential issue is showing, these old farts vigorously defend the status quo, despite a need for change. My prediction: Italy undergoes a renaissance when all these 60-70 year olds running the country croak. One example is Berlusconi's daughter who clearly wants to go progressive with Milan, but is handicapped by traditionalists like Galliani. In North America business leaders are much younger than in Italy, and I think it helps a lot.
EPL was a special situation though:
-English is the most marketable language and is now getting major traction in North America.
-England have actually made it a priority to play back and forth football, which really doesn't happen in any other league.
-England has a bunch of good teams historically (Liverpool, Manchester United, Arsenal) and a bunch of okay ones (Chelsea, Tottenham, Everton), but wasn't deeper that Serie A (Inter, Milan, Juventus, Roma, Lazio, Fiorentina, Parma, etc.)
-One middling team, and one **** team got purchased by uber rich owners who couldn't give two ****s about breaking even. (City/Chelsea).
-Imagine if Serie A was supplemented by two ridiculously rich owners buying Torino, and Genoa, and loading it up with star talent without any regard for profitability. Suddenly Serie A would be the best league in 5 years with increased television deals, which would support the rest of the league.
-English is the most marketable language and is now getting major traction in North America.
-England have actually made it a priority to play back and forth football, which really doesn't happen in any other league.
-England has a bunch of good teams historically (Liverpool, Manchester United, Arsenal) and a bunch of okay ones (Chelsea, Tottenham, Everton), but wasn't deeper that Serie A (Inter, Milan, Juventus, Roma, Lazio, Fiorentina, Parma, etc.)
-One middling team, and one **** team got purchased by uber rich owners who couldn't give two ****s about breaking even. (City/Chelsea).
-Imagine if Serie A was supplemented by two ridiculously rich owners buying Torino, and Genoa, and loading it up with star talent without any regard for profitability. Suddenly Serie A would be the best league in 5 years with increased television deals, which would support the rest of the league.
Actually it isnt. Started in a diferent way, ended up the same.
EPL first had Man Utd beeing top dog in EPL for several years , with arsenal mainly challenging, and very competitive in europe
United was mostly the richest team in the world for that time beeing
What happened was that they invested in their stadiums, and then chelsea was added, wich created 4 good teams with excellent surroundings
EPL became filthy rich cause these top4 generated high amounts of cash trough their stadium and various income, and started spending it on domestic players.
SO much money, flew from united-pool-arse-chelsi down to the lower teams, and flowed further to the lower positions on the table. This is what made EPL rich
However, they imploded on it. City was added. Lower teams utilised the money received better. EPL started to be to competitive for to many teams, wich resulted in more, but lesser quality top teams. And today we see the result
The EPL has to much top teams. Bayern, Dortmund, Real and Barcelona are far superior over EPL teams. PSG aswel.
When the EPL stopped beeing so far ahead, and Madrid and Barcelona took the gab in earnings, the league significantly worsened. Because it has a to wide range of competitive teams.
This problem doesnt excist in germany or spain
In germany, compare the massive monopoly of tv money for the top 2, to the massive monopoly in marketting revenue bayeren and partially dortmund have. Same idea, there us a monopoly of two teams. And in both competitions, their spending in the domestic league improves the top team, the lower teams gets a significant fee, and the top player doesnt leaves the league. AKA, new quality gets imported by the lower team spending its received fee.
But the lower teams, will never race high for to long, as unlike the EPL, they dont have a high enough income to sustain it. they are bound to sell their stars at some point.
This is the idea we need in italy. Create a 2/3 team domminance (like just before calciopoli tbh), and make those very rich. Their purchases will boost the rest of the league
EPL first had Man Utd beeing top dog in EPL for several years , with arsenal mainly challenging, and very competitive in europe
United was mostly the richest team in the world for that time beeing
What happened was that they invested in their stadiums, and then chelsea was added, wich created 4 good teams with excellent surroundings
EPL became filthy rich cause these top4 generated high amounts of cash trough their stadium and various income, and started spending it on domestic players.
SO much money, flew from united-pool-arse-chelsi down to the lower teams, and flowed further to the lower positions on the table. This is what made EPL rich
However, they imploded on it. City was added. Lower teams utilised the money received better. EPL started to be to competitive for to many teams, wich resulted in more, but lesser quality top teams. And today we see the result
The EPL has to much top teams. Bayern, Dortmund, Real and Barcelona are far superior over EPL teams. PSG aswel.
When the EPL stopped beeing so far ahead, and Madrid and Barcelona took the gab in earnings, the league significantly worsened. Because it has a to wide range of competitive teams.
This problem doesnt excist in germany or spain
In germany, compare the massive monopoly of tv money for the top 2, to the massive monopoly in marketting revenue bayeren and partially dortmund have. Same idea, there us a monopoly of two teams. And in both competitions, their spending in the domestic league improves the top team, the lower teams gets a significant fee, and the top player doesnt leaves the league. AKA, new quality gets imported by the lower team spending its received fee.
But the lower teams, will never race high for to long, as unlike the EPL, they dont have a high enough income to sustain it. they are bound to sell their stars at some point.
This is the idea we need in italy. Create a 2/3 team domminance (like just before calciopoli tbh), and make those very rich. Their purchases will boost the rest of the league
Totally agree. Doing business in Italy is tough. The bureaucracy is insane, and these old farts cling on to the old way of doing things. The entire country would be better off if everyone older than 50 was fired from a leadership position. I see it with some of my relatives in Italy. One of my Great Aunts still wears a Mussolini pendant because the he made the trains come on time. The culture against change in Italy is crazy given historically we were behind the renaissance while the rest of Europe was sitting on its laurels.
In calcio, its the same:
All those clowns are of the exact same mindset:
Galliani, Berlusconi, Zamparini, Lolito.
There's a bifurcation going on in Calcio and those that are on the correct side for the league to move forward are Pallotta, Agnelli, De Laurentiis, etc. Even Barbara Belusconi seems very progressive, but she's handcuffed by her dad's relationships and Galliani. I wouldn't be surprised if when Silvio croaks, she instantly fires Galliani.
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"The Trickle Down Theory of Calcio"
Seriously though, the Bundesliga is the most annoying league for me. I feel like all Germans are either supporters of Bayern, or Dortmund, but mostly Bayern. The rest of the league is just a giant clump of below average.
In calcio, its the same:
All those clowns are of the exact same mindset:
Galliani, Berlusconi, Zamparini, Lolito.
There's a bifurcation going on in Calcio and those that are on the correct side for the league to move forward are Pallotta, Agnelli, De Laurentiis, etc. Even Barbara Belusconi seems very progressive, but she's handcuffed by her dad's relationships and Galliani. I wouldn't be surprised if when Silvio croaks, she instantly fires Galliani.
- - - Updated - - -
"The Trickle Down Theory of Calcio"
Seriously though, the Bundesliga is the most annoying league for me. I feel like all Germans are either supporters of Bayern, or Dortmund, but mostly Bayern. The rest of the league is just a giant clump of below average.