catcherintherye
Player Valuation: £80m
Financial doping was a term first coined - as far as I recall - by Wenger to describe Abramovic’s spending at Chelsea. It can be broadly defined as operating without traditional financial constraints, buying without consideration of a balance sheet and spending in a manner that others would find wholly unsustainable and possibly catastrophic.
While Chelsea’s model eventually became more self-sustainable, it didn’t set out like that. Wenger - amongst others - took exception to this and called it out.
City’s model certainly began in a similar fashion as they looked to advance their commercial revenues to help balance the huge outgoings on talent. Unlike Chelsea, there are significant question marks around the nature of sponsors and curious revenue streams that are used to justify their outgoings.
In July, the Court of Appeal blocked City’s attempt to prevent details of the PL’s investigation into allegations of financial irregularities becoming public. I believe the investigation is in progress as we speak.
I guess ‘financial doping’ is an unhelpful, ambiguous term in the context of City as the issues are more complex than simply buying a load of good players. Comparisons with Chelsea are apples and oranges at this stage.
Thanks for that mate.
What I get from this, is that it was a term initially from a white guy labelled at a Jewish person to insult them about how they spent their money. It's now used to do the same to people who are Arab's. It's very clear it is a racist dog whistle.
The point on the 2nd part just shows the stupidity of people. Many many businesses spend in the short term in a way that seems a bit unusual, because they feel there is a long term benefit. Abramovich will have seen his initial investment multiply many times over as the value of Chelsea has grown.
This is perfectly normal for business, and even football. The pearl clutching (with just a bit of racist undertones) really needs to be challenged. What Wenger is saying makes no sense, as in that time Arsenal got into far more debt than Chelsea anyway to build a stadium.