• Loading stock data...
Tuesday, April 23, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

International Soccer Seasons Kicking Off Amid Economic Shift

  • Heavy financial outlay by Saudi Pro League creates new pressure
  • Development boom accelerates through the sport
English Premier League teams Leeds United and Brighton Hove & Albion in action during a match.
Premier League

Several international league soccer seasons begin Friday, with the Premier League, La Liga, and Ligue 1 all starting play, followed a week later by the Italian Serie A and the German Bundesliga. 

But the 2023-24 campaign kicks off amid a very different economic landscape, even from the end of last season.

The most drastic change is perhaps the revamped Saudi Pro League, which also starts play Friday and has used its extensive oil wealth to spend hundreds of millions of dollars on contracts for European stars such as Cristiano Ronaldo, Jordan Henderson, and Karim Benzema — in addition to making record-breaking, ultimately unsuccessful offers for Lionel Messi and Kylian Mbappe.

That ongoing ambition and financial largesse — and increased exposure thanks to a new slate of international media deals involving 130 territories — prompted Premier League CEO Richard Masters to acknowledge that the Saudi situation is requiring heightened monitoring.

“They have spent [$494 million] on 20-odd players, eight or nine of which have come from Premier League clubs. We are only at the start of something,” Masters said. “I have been asked if I’m concerned by that, and you know the answer — it’s something we have to keep an eye on.”

The sport’s rising financial pressures are also prompting widespread and unpopular ticket price increases, while giant clubs like Chelsea are scouting out potential investor capital.

Building Boom

The other major trend in international soccer lies in facility upgrades. 

Chelsea, Everton, Fulham, Liverpool, and Manchester City are among clubs with major stadium projects in progress, part of a broad industry push toward modernization and mixed-use development.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Phoenix’s NHL Future on Ice: Can Meruelo Reactivate the Coyotes?

NHL commissioner Gary Bettman acknowledges there could be a repeat of local political opposition.

Caitlin Clark and the Fever to Receive Even More TV Coverage

The WNBA team is placing 17 games on over-the-air stations in the Indianapolis area.

Michael Jordan Is Finally Finding Success as a Team Owner

His Airness is spending more time at the track, and watching his team succeed.
podcast thumbnail mobile
Front Office Sports Today

Randy Johnson, Bird Savior

0:00
0:00

Featured Today

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.
April 7, 2024

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

The WNBA Boom Goes Beyond Caitlin Clark

Ticket sales and prices are way up from last year.
April 18, 2024

NBA Media Rights Likely Headed for Open Market Next Week

The league is reportedly letting Monday’s deadline pass without a deal.
April 23, 2024

Long Saga of Botched Timberwolves Sale Heads to Mediation

The battle for the team could be resolved before next season, an expert says.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 17, 2024

Women’s Golf Has Five—Not Four—Majors, and That’s a Good Thing

The Chevron Championship tees of Thursday outside of Houston.
April 17, 2024

NBA Bans Jontay Porter for Life After Gambling Investigation

The NBA found that Porter gave injury information to sports gamblers, among other violations.
April 17, 2024

Warriors Missing Playoffs Has Big-Money Consequences

The NBA is losing one of its biggest postseason draws.
April 17, 2024

Even Joe Biden Is Surprised By Caitlin Clark Making $76K

The president posted Tuesday night about pay disparities in sports.