No one can deny one fact- football is in an economic crisis.
There are teams in England inching closer towards bankruptcy. In Spain, the most prosperous of club are nearing debts of almost a billion euros.
There is a saying in Latin America that says “If America has the sniffles, then Latin America has pneumonia.” So far that reality is exactly that especially in football pitches around the region.
Of course, there are clubs in Brazil that cannot pay their players despite that nation finding its economic situation in less of a boom than it was at this point last year. Colombian football is one light breeze away from falling into a precipice. As of right now there are a handful of clubs that could keep their sporting recognition from ColDeportes because of the moneys they owe to players, coaches, employees and even vendors. Even Peruvian football is gong through one of its worst crises ever after seeing Universidad San Martín de Porres- a team that has won three league titles since delving into the professional ranks in 2004- decided to commit football harikiri this past week and cease operations. That left several players without a job and several fans without a team. Many supported this because the club, which was in good standing, would be penalized for the financial mishaps of others. Yeah, big time pneumonia.
There is one case that many talk about but few are doing anything reasonable about it. It is the typical case of most worrying case that emerged this past week was in Argentina. AFA announced that they made a profit in the past year. Not an issue, right? Well there is a little caveat in this statement.
If you begin to include all the debt that the clubs accumulated this past year; that number easily surpassed the annual subsidy moneys that the government… er, Fútbol Para Todos gives AFA on a monthly basis. Not only that, there are still some pending
Even reigning league champs Boca Juniors are looking to have to begin to disband their side come June. What seemed to have been an impressive profit this past year seems to be less optimistic than expected. A fee members of Boca’s board came out and said publicly that the team would have to sell at least two big time players or you will really see them join in the the collective dirge of economic mishaps that have led to this point.
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