A footballer is on the verge of being transferred from one European football club to another European football club. No big deal. It happens all the time. Except this is a big deal. A VERY big deal. Paris St-Germain propose to pay Eu220m (£198m) to Barcelona to secure the services of 25 year old Brazilian striker Neymar. On top of that, his wage bill will exceed £775,000 a WEEK during the 5 year contract that he has signed. The total cost to the French club (assuming he sees out the full contract) will exceed £400m.
Reaction has been predictable. Football has lost its way; the amounts involved are obscene; how can anyone possibly be worth that sort of money; and so on and so on. It’s not clear to me why £198m for Neymar is somehow more indicative of a sport that’s lost its way than the £54m that Manchester City has allegedly paid to sign Kyle Walker from Tottenham Hotspur; or the £40m that Manchester United will pay Chelsea for the services of Nemanja Matic. The sums involved are frankly ridiculous and are sustainable only because European football is increasingly seen as a vanity project for US, Russian, and middle eastern billionaires with (literally) more money than they know what to do with. Following the ‘silly money’ transfer of Gareth Bale to Real Madrid, I wrote that the concentration of wealth in a small number of European super clubs would lead inexorably to the creation of a larger European Super League, to the detriment of both domestic and grassroots football. I have no doubt that that remains the direction of travel. What’s less clear now, though, is whether that journey can be completed before the cash runs out. The old joke still has some validity : “How do you make a millionaire from a billionaire? Sell him a football club!”
Admittedly, the sovereign wealth funds underwriting the likes of Paris St-Germain and Manchester City are of a different order of magnitude from the corporate vehicles behind Manchester United, Liverpool and Arsenal, or the complex public:private status of Barcelona and Real Madrid. Nevertheless, its hard to see how the financial bubble growing up around much of European football can be sustained in the medium to long term.
More worrying to me, though, is the growing void that is opening up between football at the elite, professional level, and the game that is played by girls, boys, women and men in parks and recreation grounds across the country every weekend. I have written previously about my reservations around the use of video assistant referees. My objections are not just about the technology (which inevitably slows the game down and which – on the evidence so far at least – has not reduced the controversy around decisions made). Rather, my concerns are about the way in which the professional game is starting to look and feel very different to the lived experience of football at the grassroots. This is particularly the case in respect of facilities and playing conditions. It should be a national disgrace that the Football Foundation (the Premier League’s charitable development arm) invests 75% of a Matic (£30m) a year IN TOTAL into grassroots football. To put it another way, if Neymar’s move to PSG goes through, then his annual salary will be one third more than the total amount being reinvested into grassroots football in England. Inequality at that level is obscene, but worse than that, it will prove to be ultimately self-defeating.