Posts Tagged ‘ownership’

The glorious game has become an inglorious free-market free for all

14/04/2011, 01:30:44 PM

by James Mills

“‘Tis a glorious game, deny it who can, that tries the pluck of an Englishman.” Is the chorus annually sang at the start of the Shrovetide football game, a precursor to the modern day version of the ‘glorious game’, still played every year in Derbyshire on Shrove Tuesday, which demonstrates the key community ties that link the origins of our national game.

Similarly, many of the modern day football clubs originated from community based teams that grew into the social sinews of their local areas. Although many of them nowadays have ballooned into monolithic globally recognisable brands, they are also national treasures as well as assets that employ thousands and inspire millions. Most important of all in a globalised world they remind us of the most important thing of all, locality.

On Monday the banking commission laid out plans to prevent another banking collapse by protecting retail banking from investment banking, which a few years ago exposed some of the fallacies of free-market economics. On the same day, Arsenal, known as the ‘the bank of England club’, was added to the growing list of foreign owned clubs in the Premier League. Could you imagine the streets of Paris, Munich, Milan, Madrid or Barcelona staying as quiet as the streets of London are, if this was their club? (more…)

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