Has the Value Comeback Been Postponed?
17 minutes ago
Britain is a rent-seeker's paradise, as many more football clubs other than Birmingham City can testify. We have created a looters' charter, with football as a playpen, within which the super-rich can do what they want. A recent flash point is the price visiting fans are charged for their tickets. (Manchester City fans protested at the £62 they were asked to pay for today's game at Arsenal.) If the price of admission, along with travel, is prohibitive, then the game is played to only one set of supporters in the stadium with one set of chants. The experience of a game shrivels.The idea that football attracts rent seekers is preposterous. Three days ago Chelsea FC reported their first profit since Roman Abramovich took over, but in reality it was just an accounting quirk. Overall the Russian oligarch has spent around a billion pounds on Chelsea football club. Manchester City's owners have also spent an amount they will never claw back. Promotion and relegation ensure that clubs continually have to spend almost all their surplus cash on higher wages just to keep up with their rivals.
Seeing the girls sing on stage again will be amazing. In the words of the American theologian Tyron Edwards "Every parting is a form of death, and each reunion a type of heaven".
The 2012 Olympics were surely evidence that he cannot turn back the clock to a bygone age.Er, that is kind of the point of history.