Tuesday, June 20, 2023

We (Sorta) Do Requests

Ten days ago, give or take, Whitney challenged one of us to pen a few words on the seismic news of Lionel Messi's agreement with MLS' Inter Miami. And like the dutiful amateur scribbler I am, I got to work. And then, like the practiced procrastinator I am, I got distracted. Which, in an odd way, is what the powers that be kinda want.

The things that distracted me were a flooding of the zone by moneyed interests across the sporting world, connected in various ways to a not-so-quiet campaign by oil-backed sovereign entities from the Gulf states. And while the dust has yet to settle, a reckoning is nigh, and I'm not terribly optimistic about what it's gonna reveal about our priorities as sports-loving folk.

The LIV/PGA TOUR bombshell was the first shoe that dropped and got global attention outside the sports page. But even before that, the trickle-turned-flow of big-name soccer players and coaches heading from Europe's top leagues to the Saudi first division was a head-turner for fans of the footy. Cristiano Ronaldo's $220m annual salary at al-Nassr turned a lot of heads. He'll be joined next season by Karim Benzema, N'Golo Kante, and Ever Banega, with Kalidou Koulibaly, Hakim Ziyech, Edoaurd Mendy, and Bernardo Silva among many rumored to be on the move to the Saudi Pro League. Former Tottenham manager Nino Espiritu Santo manages in the league, and ex-Liverpool star and former Rangers and Aston Villa boss Steven Gerrard is rumored to be heading there soon.

We're talking about preposterous money, and while it's easy to sit on one's couch and badmouth ostensibly already wealthy dudes for grabbing the cash, I'd like to see the scenario where a 'normal' person turns down $100m for a year's work (that's what Kante is getting paid at al-Ittihad), even if the boss's boss is, ahem, problematic. Messi is a notable exception, rumored to have turned down $1.5 billion (with a 'b') over three years from a Saudi club to head to South Beach. To which we point out that, a) Messi allegedly has a net worth of over $600m, b) Miami is a bit different than Riyadh in terms of quality of life and opportunities for his family, and c) the deal he signed to come to MLS offers him all kinds of incentives, including an ownership stake in the team, and a percentage of new Apple+ MLS subscription revenues in addition to the rumored $60m in annual salary. 

Rumors also abound of a Qatari consortium's imminent acquisition of the crown jewel of English football. Qatar's Sheikh Jassim bin Hamad al-Thani, the son of the country's former Emir, is reportedly the leading suitor to purchase Manchester United from the Glazer family for a price nearing $6b (the Glazers bought the club for a highly-leveraged $850m 18 years ago - nice piece of business if you can get it). 

The sale process has been as agonizing for United supporters as has the entire Glazer era. The Guardian's Sean Ingle explains the feelings of the club's backers, "Purgatory spiced with speculation, hope blunted by stasis. So it goes for Manchester United supporters, for week after interminable week. It is nearly seven months since the Glazers put the club up for sale – the “anniversary” is Thursday. Yet the family remains in situ, still inflicting the sort of slow torture that would make Torquemada flinch, still desperate to make every last penny before they depart. If they depart."

Oil money's influence on the Premier League isn't new. Manchester City is the flagship in the City Football Group, owned by Abu Dhabi United Group, and the best team in the world. Over the past two seasons, the Saudi Public Investment Fund (PIF) bought a controlling interest in Newcastle United, and the Magpies quickly became relevant, earning a Champions League place for next year. And over the past day, news has broken that Todd Boehly's Chelsea partner, Clearlake Capital, manages billions of pounds of PIF assets. Conveniently, Chelsea are planning to move high-priced and underperforming assets mentioned above like Coulibaly, Ziyech, and Mendy to the Saudi Pro League. The web, she is tangled. 

The genie is out of the bottle, or if you prefer, Pandora's Box has been flung open and the hinges ripped from the frame. World sport is now irrevocably the playground of the uber-wealthy, even more so than its ever been. It's only a matter of time before the money comes calling for American sport. And therein the reckoning.

I'd like to be high-minded here, and claim that I'll stand on principle. My hypocrisy only goes so far, after all. But I think it'll go pretty far. Didn't miss much of the U.S. Open, did I? Watched the UEFA Champions League final - even bet on it - though it signaled the UAE's ascension to the peak and the likely last gasp of Serie A as a major league for a while. 

I can't quit sports, in the end. I bet a great many people feel the same way. So we'll watch on, grudgingly at first, then enthusiastically, as it'll be easier and easier to forget the machinations of the power brokers that make the bread and circuses possible. A prediction, before I sign off and watch some more soccer: the once-maligned Super League concept in Europe will be revived, because it'll satisfy the desires of the ungodly wealthy for more money, and it'll clear a path for the next tier of just really rich folks to compete against like-minded clubs in more local competitions. When Fulham win the Premiere League, version 2.0, it'll feel just like the real thing.

26 comments:

zman said...

The woman doing the news update on WBGO said "The Mets pound the Astros."

Whitney said...

Executioners: Hey, Torquemada, whaddaya say?

Torquemada: I just got back from the auto-da-fé!

Executioners: Auto-da-fé? What's an auto-da-fé?

Torquemada: It's what you oughtn't to do but you do anyway!

The Inquisition, what a show...

rootsminer said...

I am shocked that Boehly would do business with public investment funds of nations with dubious human rights practices.

rob said...

i'm shocked! shocked to find out gambling is going on here!

rob said...

i really hope scoot henderson is good, because who doesn't want to root for someone named scoot?

OBX dave said...

Per Messi's decision to snub the Saudis in favor of Miami and MLS, one wise guy said, "If he was going to a right-wing, authoritarian state, he at least chose one where his wife will be allowed to drive."

Professor G. Truck said...

that's a good one.

this news does make college sports more appealing . . . though those athletes have the opposite problem.

rootsminer said...

I am all in for a guy named Scoot. He may want to slip to #3 tho. Not sure there have been many good 2nd picks since KD.

rob said...

gtb fave and noted good guy son heung-min says no to the saudi lucre, staying at spurs.

rob said...

scoot has a sister named moochie!

OBX dave said...

Slammin' Sammy Alito penning an op-ed in the Wall Street Journal trashing a Pro Publica piece *before it published* about a billionaire's un-reported gifts to him, and his subsequent decision not to recuse himself when said billionaire's interests came up before the Supreme Court is quite the play.

Curious about the G:TB legal department's thoughts. Or have such things all become business as usual, because of lifetime tenure and dubious accountability?

rob said...

i am certainly far from a legal scholar, but i do get some real 'the lady doth protest too much, methinks' vibes from alito and thomas's defenses of their conduct. i think reasonable people might raise an eyebrow and alito's parsing of statutory language to claim he did no wrong.

rootsminer said...

If any of you want to invite me onto your private jet, I'll be sure and file all of the appropriate disclosure forms.

Come to think of it, I'm facing a 20 hour solo drive to Lubec, Maine in early August, so that would be a good time to give it a try. Hit me up soon before I reserve a rental car!

rob said...

if you're following along on twitter, the teej and i are excited about the wizards' forthcoming tanking because it means we'll be able to get a cheap-ass suite in march and run back gheorghefest. it'll be the 11th anniversary!

rob said...

also true if you're not following along on twitter.

Whitney said...

I think it'll be the 12th anniversary, little buddy, but you sure were close there!

rob said...

pesky space-time continuum

Whitney said...

Stupid linear time!

rob said...

i prefer tralfamadorian time.

zman said...

Time is a flat circle.

rob said...

so is this rhombus!

zman said...

It’s a wildhack.

Professor G. Truck said...

nice vonnegut allusion.

here is a picture to illustrate space-time in a gheorghian fashion . . . or space-height

https://sentenceofdave.blogspot.com/2012/03/sometimes-you-need-to-state-obvious.html

i'm in . . .

Mark said...

I'm going to Vegas in July with the wife for the first time in a long time (for me- she's never been). It's telling how much planning I'm doing. When I was young I could barely be bothered to pack enough underwear.

Whitney said...

Who needs underwear in Vegas?!

(I’ve only been there once and didn’t love it, so what do I know?)

rootsminer said...

I've never been to vegas. If I ever do go, I may not take any underwear.