Magazine article The Times Higher Education Supplement : THE

Poor Results as Market Moves the Goalposts: Letters

Magazine article The Times Higher Education Supplement : THE

Poor Results as Market Moves the Goalposts: Letters

Article excerpt

Allow me, as a former Millwall and Queens Park Rangers footballer, to expand on your editorial on the effects of the market on football and education ("The market just around the corner", Leader, 8 August). There is nothing crazy about football transfer fees or players' wages. The world is awash with capital seeking quick profits, but there is only a limited number of top-class footballers. So, according to the laws of supply and demand, footballers' wages and transfer fees will be settled in the market at what appear to be insane levels: one cannot embrace the market and then call it crazy. The Barclays Premier League's chief source of revenue is television advertising targeting a global audience: a club dependent on ticket receipts alone will not survive. Many of the lower-division clubs are struggling financially. State schools have sold off their playing fields because of the government's austerity policies, a fact that badly affects the supply of homegrown talent. In many top clubs, English players are in a minority, resulting in poor results in international competitions. …

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