Football Wages to Drop?

Whether you are just viewing it or participating it everyone in the world enjoys football. When tournaments such as the World Cup are on whole families and countries get together in celebration of their national team.

We all know that for a long while football has been one of the highest paid industries in the world. Resent offerings that Manchester City have been offering for Kaka are in the region of around half a million a week. I just can't get my head around how can a football club gives some one five hundred thousand per week to kick a ball?

Well to be honest I do not think that it will last much longer due to the current economic climate that we are facing. The credit crunch started in late 2008 and things are set to get worse in 2009. The two industries that are affected the most are the property industry and the oil industry. Plenty of the club owners such as Roman Abramovich will be finding a hard time with the current economic situation.

A barrel of oil has dropped it's price to a very low amount leaving millionaires shuffling around the companies so that they make a healthy profit. I believe this means pulling back on the spending that they have been doing for football clubs. Yes I know that football is a very profitable niche, but when you are giving only one person half a million a week, how profitable can the margins be? This is even worse if a football club fail to lift a trophy for a few years.

I think a lot of footballers are highly over rated and no one in the world unless you are a business owner and have worked hard for it deserves to get that amount of money. No wonder we are in a recession when companies and banks spend ridiculously.

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