‘Peasants vs. Marie Antoinette’: What the Premier League does with its billions of dollars is riling 72 other soccer clubs
CNN
In Istanbul in June 2023, Manchester City lift the Champions League trophy to cap a historic Treble-winning campaign.
In Istanbul in June 2023, Manchester City lift the Champions League trophy to cap a historic Treble-winning campaign. Over a billion dollars has been spent by the club’s Abu Dhabi-based owners since 2008 in recruiting players to transform City into a footballing and commercial juggernaut. Further down the soccer pyramid, Reading FC – recently relegated to the third tier of English football – is struggling to survive. Failure to pay players and tax bills have resulted in multiple points deductions for Reading, as it slides down the league amid numerous fan protests over the way the club is run. The contrast between the fortunes of Manchester City and clubs like Reading highlights the widening gap between the 20 teams in English soccer’s top-tier and the other 72 clubs, which come under the umbrella of the English Football League. So much so that football finance expert Kieran Maguire told CNN that British football currently has a “peasants vs. Marie Antoinette” relationship. A hated figure symbolizing wealth and conspicuous consumption, Marie Antoinette is famed as the last queen of France before the revolution.
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