With the start of the season overshadowed by talk of financial meltdown and eras at an end, we brought together broadcaster Adrian Chiles, MP Andy Burnham and academic Stephen Wagg to mull over how football got into this state and how we might get out of it
Football clubs at all levels in this country are experiencing financial difficulties of one kind or another. The problems are obvious, but are there also some good things that might come out of this crisis?
Stephen Wagg: To me, it’s a bit like asking whether any good will come from the recent corporate scandals in the United States. Is Enron or WorldCom going to be some kind of blessing in disguise? The sane voice at the back of your head says yes, people will forsake the lunacy of the market system and demand something more equitable and decent. Professional football people will cease to be paid obscene sums of money for their services. But the signs are that that voice, at least in the short term, will not be heeded. So ever more colossal sums of money will be spent on the defensive skills of a Rio Ferdinand or the “image rights” of a David Beckham. But, as a life-long Leicester City supporter, I’m not wholly depressed by their current predicament. They only recently proclaimed that they were “no longer a selling club”. Less than two years later the entire first team squad is for sale and the club has admitted difficulty in paying the salary bill. These salaries were, in all conscience, barmy, as Matt Elliott, who is the recipient of one of them, accepted recently. So, if it ends here, so much the better.
