FC Bayern München Blog

Mia San Mia (We Are Who We Are)

Is Financial Fair Play truly football’s Messiah?

In August of 2012, Sir Alex Ferguson stated that “the game’s [football] gone mad”, referring to the insane amounts of money being thrown around by clubs today. A year later, the situation is even worse. Last summer Real Madrid famously broke the world record transfer fee by paying around €100 million to acquire the services of Gareth Bale. Regarding this transfer, one could extend Ferguson’s statement to “humanity has gone mad”. This is because in order to pay this abnormal fee, Real Madrid took a loan from a failing bank bailed out by the European Union (EU). Continue reading