Category Archives: Sports

Dubai says no to soccer club

Zabeel Investments has seen sense and is no longer pursuiing Charlton Athletic. It had made an indicative cash offer for the Championship club but it has all come to nought. Zabeel has been linked with Liverpool, Newcastle and Everton but

today went as far as saying it has “no current intention” to acquire “any English club for the foreseeable future” therefore killing off any future rumours it could purchase a financially distressed English club.

Zabeel could probably have picked the club up for peanuts but, as Charlton are hardly setting the league alight this season and are far from marketable on a global scale, I’m not at all surprised that the deal is dead. It blamed the financial crisis and the debate over foreign ownership of English teams for the buy’s demise, and I am sure this played a factor, but at the end of the day, and with all due respect, it’s Charlton Athletic. Even if it had the money to compete at the highest level, there’s no guarantee it would attract players of the right calibre.

Links o' the day, 21/10/2008

The program for a supermajority. (Crooked Timber)

Ctrl-Alt-Del. (Robert Cringley)

Florida woman goes to jail over $7.45 bill. (AP)

Inconsistency irks with letter of the law. (Football365)

Reviving the fine art of cafe culture. (The Irish Times)

European economic weather map. (FT.com)

Group says US used Ethiopia for dirty work. (The National)

And special mention for behind-the-times headline of the day:

Greens, greens, they’re good for your heart: study (AFP)

Diets worldwide that are rich in fried and salty foods increase heart attack risk, while eating lots of fruit, leafy greens and other vegetables reduces that risk, a groundbreaking study showed.

(The study was groundbreaking because it included developing countries, but this information is buried in the story.)

Abu Dhabi-Manchester deal

The blue side of Manchester could be in for a massive cash injection after a UAE group signed a memorandum of understanding with the soccer club.

According to FourFourTwo.com, the Abu Dhabi United Group for Development and Investment aims to make Manchester City the biggest club in the Premiership within four years.

The company is buying the club from the disgraced former Thai prime minister Thaksin Shinawatra, who will remain as an honorary director.

This looks to be another example of how the UAE capital is trying to diversify its investments as well as build its international standing. The likes of Saadiyat Island, which will be home to branches of the Louvre and the Guggenheim museums, will enhance its cultural reputation, while adding Manchester City to its investments, which also include the likes of Citibank, will give it some sporting credibility. The AD company has promised to buy players but only time will tell if it can deliver on its promise to make City a soccer powerhouse.

Robinho in his Real Madrid days
Robinho in his Real Madrid days

Update: Almost as a statement of intent, City have set a British transfer record by signing the Brazilian forward Robinho from Real Madrid for £32.5m (€39.8m, $58m, Dh213m).

Footballing business sense

If you’ve followed the professional soccer world at all in the last decade, you’ll be fully aware that some of them are on outrageous money. John Nicholson advocates a move away from huge set wages to a performance-related scheme, and the man speaks the truth:

A player’s agent will be quick to ask for more money for his player after one good season – but if he has a bad season will not expect his wages to drop.

The time has come to change this.

We need a large element of their wages to be performance-related and on top of that if you’re injured, your money must be cut radically. Players can easily insure their income to cover themselves for periods of lay-off – it should not be a burden the club has to bear. Players expect win bonuses but not loss reductions. Why not? That’s just having your cake and cramming it in your gob, son.

Keane for Liverpool

After much humming and speculation, Robbie Keane has signed for Liverpool. Will he go on to leave a legacy on a par with the likes of John Aldridge? We shall see. I hope so. Seven years after his move to Inter Milan went sour I think this will be his last chance to prove he can make it at the highest level (even if Liverpool have been reasonably poor over the last few seasons). Playing alongside the likes of Fernando Torres will do him, and by extension the Irish team, a world of good.