Another big pot for champions will worsen the divide between rich and poor clubs.
By Alex Webb and cross-posted from Bloomerg
FIFA seems to be on the cusp of creating an oligopoly which could destroy club soccer around the world.
Two years after assuming the chairmanship of the sport’s global governing body, Gianni Infantino is seeking to create a new competition which will see the world’s top clubs compete for a $1.9 billion prize pot.
It risks exacerbating the wealth gap between the world’s biggest and smallest clubs to such an extent that the trend of recent years, where just a handful of clubs have any realistic chance of winning a title, is sure to get even more acute.
It’s unclear how entirely the league will be structured, but the Financial Times has reported that it will consist of 24 club teams competing in a tournament once every four years, which will be held in one region or country. It is likely that the top-performing teams from the continental tournaments (the respective Champions Leagues in Europe, the Americas, Asia and Africa) will then get a chance to compete for the global trophy.
The plan doesn’t have a straight shot to fruition. The Spanish are dead set against it, and controversy has prompted FIFA to delay the approval vote.
But were it to be realized, it would give the richest clubs a chance to become yet richer, giving them more financial clout to secure the world’s best players and qualify for the top prizes, and so on. England’s Premier League is instructive. English clubs competing in the Champions League, Europe’s top club competition, generated sales averaging 398 million pounds in the 2015-2016 season, according to consultancy Deloitte. The average Premier League club that didn’t participate in a European competition posted revenue of just 110 million pounds…