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It’s everywhere in the sport, whether you like it or not. It’s on the jersey, in the stadium, in the heads of the players, and in the hands of the owners. If football is a religion, then to many, money is god. Each week, millions of dollars change hands between clubs and players, fans and ticket offices, and sponsors and clubs.

Professional football does indeed live up to the capitalist ideal; that if there is money to be made, someone will find a way to make it. While money is involved in almost every aspect of the game, there are a few specific areas where the influence is especially strong: In stadium naming rights, jersey sponsorship deals, and player transfer fees and sponsorships. Intro “It is the world’s most watched league and the most lucrative – attracting the top players from all over the globe” It probably makes the most sense to start any conversation about money in football with the league that makes more money than any other. On February 20, 1992, English Football League’s first division clubs resigned, and in May of that same year, formed the Premier League. The main motivation behind the merger was to take advantage of the lucrative television deals promised by Sky TV. In 1992, Sky TV paid £191 million for 5 years of Premier League television rights and in 2007, Sky and Setanta paid £1.7 billion for 5 years of rights. But the television deals were just the start; in 2001 Barclaycard paid £48 million for naming rights of the league, and in 2007 they renewed the deal for £65.8 million.

In short, the clubs’ decision to form their own league paid huge dividends. The path to the Premier League began years earlier, starting at the end of amateur football and the beginning of professionalism. The maximum wage was abolished in 1961 and in 1963 the transfer system became far more lenient. As the player movement and wages became more and more flexible, English Football became more and more of a free market and basic capitalist principles took over. Football was changing, and there was money to be made. Stadium Naming Rights.

Kaka joins Real Madrid In June of this year, Real Madrid, already famous for spending £45 million 8 years earlier on Zinedine Zidane in a record breaking transfer free, broke their own record by purchasing Brazilian Kaka from AC Milan for £56.1 million. Not to be outdone by themselves, Real Madrid then purchased Portuguese phenom Crisitano Ronaldo from equally spend-happy Manchester United for £80 million. This is quite an impressive leap from the first three-digit transfer fee in 1893, when Scottish forward Willie Groves moved from West Bromwich Albion to Aston Villa for £100. This type of money just goes to show how much football has changed since its early days. Many players have gained super-celebrity status and their playing ability is not the only asset they have to offer a team. Some players are so famous, and so recognizable, that just their presence on a team is enough to attract fans to the stadium and earn money for the team. For example, when in 1975 the world famous Pele joined the New York Cosmos of the now disbanded North American Soccer League, the team felt an immediate change: “The impact of Pele’s signing was seismic.