Funny, I've only made the commitment to tweeting in the last 24 hours but already I feel more connected to people. Maybe it has to do with the fact that I gained a lot of Twitter followers (and thank you to everyone who decided to follow me
@nealjthurman) while I was sleeping last night while our Facebook following has slowed to a small steady growth. Don't get me wrong, steady growth toward 3000 "Likes" is great but tripling your number of followers FEELS like a more significant accomplishment even if the number isn't that impressive. In any event, for those who haven't embraced the Twitter, you should give it a try.
Moving in a completely non-sequential manner, I have two follow-up thoughts to the Deloitte Money Table posts from yesterday. The first is that those leaving comments related to profitability are correct. Revenue is only a part of the equation. I'm guessing that part of the issue for Deloitte is that due to varying ownership structures and the sporadic availability of "bottom line" data I'd guess that a real accounting of profitability of all clubs would be more difficult than just compiling revenue figures. I may be wrong but it certainly seems that way. The public companies must of course disclose their profitability but I'm not sure there's any obligation for the Glazers or Abramovic or any other private group to disclose their profits. Revenues are easier to get at since most of those figures are available from other sources if the clubs don't cooperate. In any event, I'd enjoy the opportunity to get profitability numbers as well (although there's little doubt who would sit atop that table).
My second thought is an ironic one. The lagging reputations of German clubs, especially vs. the big Italian clubs. Germany has more people, a much stronger economy, and I'm not aware that they support a culture of corruption and match-fixing. That said, outside of Bayern Munich, you'd be hard-pressed to guess which German club might finish second in revenue in a given season and the movement - two clubs out of the Top 20 and two new ones in - seem to indicate that there is little consistency. The Deloitte report mentions that the pay TV market in Germany isn't terribly mature compared to the other countries. That said, despite knowing a LOT of soccer fanatics, I can't think of anyone who isn't German who really spends much time thinking about German clubs outside of perhaps a big Champions League match. German clubs rarely compete financially for huge names. When people mention the best leagues in the world, they inevitably mention England, Spain, and Italy in some order.
Is it the weather? Is it still residual bitterness/dislike from the World Wars? Is it that the Germans, despite their aggressive tendencies in the first half of the 1900s, didn't leave behind a legacy of German-speaking countries around the world that are obvious targets for expansion?
I'm particularly interested in the comparison between the popularity of German and Italian clubs. I think we can all understand that England and Spain have logical advantages stemming from the large English and Spanish-speaking populations around the world. With that head start, they have been able to afford better players and the relative popularity of those leagues has grown. Why I don't understand the gap between Germany and Italy is that it isn't like there's a great imbalance between non-natives elsewhere in the world who speak one language or the other. Both national teams are extremely successful. Both national teams play an uncompromising style that neutrals are likely to call "technical" or "effective" rather than "stylish". Is it that the Germans are more conservative with their money and more cautious about taking the risks that would improve their revenue streams abroad?
In any event, those are the thoughts I had once I moved beyond the summary articles I linked on the blog yesterday and actually read the full report. I hope you enjoyed that. If not, I promise that there won't be any additional economic analysis in the immediate term unless someone has a great insight in the comments section or I'm asked a question I feel like I have a useful and interesting answer for.
We now return you to your previously scheduled fantasy analysis: