Is football becoming soccer?

I recently came across this catchy headline in a Sport Innovation Society review.It immediately resonates with me that there is some truth

I recently came across this catchy headline in a Sport Innovation Society review.

It immediately resonates with me that there is some truth in this questioning, since it is no secret that in the last decade not only has the most expanded league been the , we are also observing a scenario in which more and more American companies take over of football teams, especially from the .

The latest example of this was the purchase of Chelsea FC by Todd Boehly, one of the owners of the Los Angeles Lakers and Los Angeles Dodgers. The transaction was for 5.3 billion dollars, a record amount paid by a sports franchise.

Remember that Manchester United belongs to the Glazer family, which also owns the Tampa Bay Buccaneers, and that Liverpool is part of the Fenway Sports Group, which owns the Red Sox. On the other hand, Arsenal belongs to Stan Kroenke, who in turn owns various sports franchises in the United States such as the Los Angeles Rams of the , the Denver Nuggets of the NBA and the Colorado Rapids of the MLS, among others.

This type of trend had already been observed by Russian oligarchs, Chinese conglomerates and with the petrodollars of the Emirates or Qatar, however, in the United States there is also money and with the latest movement, 11 of 20 Premier League teams will have owners or investors from there the following season, including Aston Villa, Fullham, Crystal Palace.

Expanding to the rest of Europe, AC Milan, Atalanta, Parma, Fiorentina, and Roma from Serie A, as well as Bordeaux, Toulouse, and Olympique de Marseille from the French League are also part-owned or investors from the United States.

And that’s just on a top-flight approach. We could observe these movements as something really logical. For a couple of decades, thanks to the popularization of different European elite teams as a result of globalized transmissions, a larger market has been created in the American continent. Entrepreneurs acquire franchises with entrenched hobbies and strong identities to grow the cake, because while three decades ago all European leagues did not produce anywhere near the profits that each of the major US sports leagues did, now it is the other way around.

There is more money flowing into European soccer than in the MLB, NFL and NBA combined.

Twitter: @jiimejime