Money buys success in football and several clubs now have more money than United. From 1997 through 2004, United topped the consultancy Deloitte’s “rich list” of European football clubs ranked by revenues. In 2012-13, United dropped out of the top three for the first time since Deloitte began compiling the list. Real Madrid, Barcelona and Bayern Munich now have higher revenues. Moreover, Chelsea, Manchester City and Paris Saint-Germain have oil-rich owners who pump money in rather than sucking it out. By the logic of the market that means there are six clubs in Europe more likely to win the Champions League than United. In the domestic league, by the same logic, the club’s natural position is now third behind Chelsea and Manchester City. (Less wealthy Liverpool will probably win this season’s Premier League, but their overachievement is probably unique in recent English history.) United’s biggest problem isn’t David Moyes. It’s money.
- Simon Kuper, writing about the sacking by Manchester United today of David Moyes, manager since last July. Kuper, who writes in the Financial Times, has also co-authored a study examining the linkages and correlations between success on the field and money in the bank. Short summary: the link is very strong but not totally bomb-proof. (In other words, if you support a relative minnow as I do, you can still live in hope.)