Financial
doping – was a term coined by Arsenal manager Arsene Wenger against the money
pumping efforts of football teams like Chelsea, Manchester City and Paris Saint
German. He along with many managers and other football icons were disturbed
with the effects of billionaire takeover of some mediocre clubs in the worlds
highly rated leagues. When Europe is struggling with economic recession and
inflation, the football clubs are forced to spend huge amount for buying
players. One side, some teams are spending huge money without any concern about
the income and expenditure balance and on the other side, clubs are bursting
with financial meltdown and going under the control of administration. UEFA,
the European football authority is trying to stop or control this mad spending
spree by introducing ‘financial fair play’ concept.
Manchester
City’s draw against Real Madrid in UEFA Champions League proves that the
richest club cannot win everything with money power. For the second consecutive
year, Manchester City failed to move up to the pre-quarter level of Champions
League and this was after spending GBP 930.4 million after the takeover by
Abu-Dhabi billionaire in 2008. Financial spending power of clubs like
Manchester City, Chelsea etc., creates a ripple effect in the football transfer
market and trouble the clubs who tries to keep their balance book properly.
Spending on players made an inflationary tendency in the transfer market and
forced the clubs to raise their spending power beyond their income. The
traditionally dominating clubs in major leagues in Europe were challenged by
the new comers and forced to change their mode of operations in the transfer
market. Many of them including Real Madrid and Barcelona are dominating in
their respective leagues but are struggling with huge debt.
The story of
financial doping started with Chelsea in July 2003 by Russian billionaire Roman
Abramovich who spent GPB 140 to control the stakes. While reaching a decade
mark, after spending more than GBP 1billion till date Chelsea recorded their
first profit this year with a modest GBP 1.4 million. After the takeover,
Abramovich regime focused on buying the best players in Europe and elsewhere at
any cost and keeping them in the club by paying huge salary which was
unmatchable to other teams. It took nearly a decade of time for Chelsea at the
cost of 8 managers to win the Champions League trophy.
In 2008, when
Manchester City was took over by Abu-Dhabi billionaire it became a fight
between two billionaires. City emulated the same way of Chelsea in the road of
success and spent millions of money for buying players from various places and
keeping them with exorbitant salaries. With money power, they forced the
players of traditionally dominating clubs to move out and join them to earn
more. City’s strategy worked well in the Premier League and gave serious
challenge to high spending Chelsea and traditionally performing clubs like
Manchester United, Tottenham and Liverpool. Under Roberto Mancini, they won the
Premier League for the first time last year and successfully defending it so
far this year against high level challenge from Manchester United.
But,
consecutively second year, they are getting out of Champions League before
knock out round begins. Champions League is the lucrative area for any team to
get back some part of their large spending in the summer. Knocking out from
Champions League means they will either move down to UEFA cup or if they finish
as the last team in the league, they will end up with nothing. How such teams
will recoup the money they spend as transfer fee and wages? If UEFA’s financial
fair play comes into effect, they will struggle to keep the account book
properly.
In many
cases, the players are the victims of such heavy spending spree by their own
clubs. Wenger put it correctly by using –Financial Doping. They will offer good
transfer fee to the selling clubs and offer better salary than any team in the
league. But the movement the same club finds another big player better than
him, the club will go for him and most probably dump the earlier player either
on the bench or loan him out to a small club. Such players will face severe
identity crisis and struggle to get out of the trap of existing financial
status. Their exorbitant earnings from such clubs will prohibit themselves
moving out to other clubs who cannot afford such salary. They have to make a compromise
in their salary and lower down to the limit of the interested club. Loaning out
is an option usually accepted by such players who moved out from the first team
of Manchester City or Chelsea. Even the player who crosses 30 also faces problems
in these clubs. The clubs will prefer young blood and will keep them in the
bench or with reserve team. For the player, best option is to move out from the
team itself and find a better team for themselves but their salary will become
a stumbling block for such moves.
Manchester
City and Chelsea can buy best players from anywhere by paying huge money and
built a strong team of best players. Their market involvement creates
inflationary tendency in the market and make things really difficult for other
small teams. Still, the Champions League results show that there is enough
place in football for other teams to get better out of these teams. The results
of Ajax against City and Shakhtar Donetsk against Chelsea were decisive against
those high spending teams. The defending champion Chelsea still have a narrow chance
to move up and grab the second slot in pre-quarter but City lost their way
completely and most probably end up in the fourth position in the group table
which means they can concentrate on Premier league title without any other
distractions. If Chelsea finishes third, they will play in UEFA cup which
meaning they will lose huge amount of money comes from Champions League.