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Books > Sport & Leisure > Sports & outdoor recreation > Sporting events, tours & organisations > Sports governing bodies
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Football's Secret Trade - How the Player Transfer Market was Infiltrated (Hardcover)
Loot Price: R551
Discovery Miles 5 510
You Save: R173
(24%)
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Football's Secret Trade - How the Player Transfer Market was Infiltrated (Hardcover)
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List price R724
Loot Price R551
Discovery Miles 5 510
You Save R173 (24%)
Expected to ship within 12 - 17 working days
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A no-holds-barred expose on the financial transactions of the
world's favourite sport The transfer fees clubs pay to sign top
players now top 4 billion a year but much of the money has been
flowing out of the game. A small group of wealthy investors
including Russian oligarchs, English racehorse owners and a former
billionaire gold miner have seized the opportunity to enter this
booming market. Some have moved in on the territory of banks and
lent money to clubs in exchange for a share in fees generated by
Cristiano Ronaldo, Neymar and dozens more of today's stars. Others
have acquired obscure teams to get a piece of the pie. Even as the
global financial crisis sent fortunes tumbling this select group
found a profitable place to park their money. The size of the
transfer market has continued to rise - it increased seven-fold in
value the last two decades, more than the FTSE share index. Between
them, these wealthy investors have amassed hundreds of millions of
euros in profits. At the same time, they have managed to stay out
of the spotlight the world s most popular sport brings. Football s
Secret Trade follows the money along a trail very few know about,
from nondescript offices in the U.K. and ramshackle stadiums of
South American clubs you have probably never heard of to offshore
bank accounts in the Caribbean. Warning you won t see a major
transfer deal in the same light again.
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