Why this year’s Champions League final offers a blast from the past - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
FT商学院

Why this year’s Champions League final offers a blast from the past

Two fan-controlled teams, Real Madrid and Borussia Dortmund, are vying for the game’s top accolade
00:00

{"text":[[{"start":9.74,"text":"For all the talk of how ultra-wealthy, state-backed clubs have conquered European football, this year’s Champions League final offers a blast from the past, with two fan-controlled teams vying for the game’s top accolade. "}],[{"start":21.560000000000002,"text":"The match between Real Madrid and Borussia Dortmund, which will be played in front of 86,000 fans at Wembley Stadium on Saturday night, is the first time since 2017 that Europe’s biggest final will be without at least one team owned by billionaires or a sovereign state. "}],[{"start":36.400000000000006,"text":"Real will be gunning for a 15th European title, while Dortmund, the underdogs, could win their second. "},{"start":42.742000000000004,"text":"To reach the final, both had to overcome an opponent bankrolled by a petrostate. "},{"start":47.284000000000006,"text":"The Spanish champions edged past Abu Dhabi-backed Manchester City in the quarterfinals, while Dortmund saw off Qatar-owned Paris Saint-Germain in the semis. "}],[{"start":56.830000000000005,"text":"On the pitch, it’s clear that Europe’s old guard can still compete with the best of football’s nouveau riche, while governing bodies now acknowledge that checking the might of sovereign wealth is vital for the long-term health of the game. "}],[{"start":68.53,"text":"Of course, Real and Dortmund are hardly paupers. "},{"start":71.922,"text":"According to Deloitte, the Spanish champions had the highest revenue in world football last year, while the German side ranked 12th. "}],[{"start":79.79,"text":"Despite being member-owned, Real have still been able to bring in capital from outside investors through a partnership with US private equity firm Sixth Street, and have had no trouble in attracting and paying top players such as England’s Jude Bellingham, who signed last summer from Dortmund for €100mn. "},{"start":95.232,"text":"He is set to be joined imminently by French superstar Kylian Mbappé, who is quitting PSG in search of the European glory that has eluded the club despite Qatar’s billions. "}],[{"start":105.38000000000001,"text":"In home leagues, state-backed clubs remain dominant. "},{"start":108.822,"text":"Manchester City just notched up a sixth Premier League title in seven years, while Paris Saint-Germain have now added 10 French championships to the trophy cabinet since being bought by Qatar Sports Investment in 2011. "}],[{"start":121.37,"text":"As ever in football, luck played a vital role in shaping Saturday’s contest. "},{"start":126.074,"text":"Real needed a penalty shootout to beat City in the quarterfinals, while Dortmund withstood a barrage of attacks from PSG in the semis. "},{"start":133.279,"text":"There was a moment in time when a Qatar vs Abu Dhabi finale looked more likely than not. "}],[{"start":139.11,"text":"But as football’s governing bodies start to put the squeeze on spending, the financial firepower of state-owned clubs should, in theory, lose some of its potency. "}],[{"start":148.60000000000002,"text":"In the Premier League — where 115 allegations of spending rule breaches still hang over City — a new financial regime is on the horizon. "},{"start":156.604,"text":"Next week, clubs will vote on potential reforms, including one to limit spending by top teams depending on income generated by those at the bottom. "}],[{"start":165.50000000000003,"text":"This season saw the introduction of new financial rules by Uefa, European football’s governing body, that limit the amount a team can spend on its playing staff to 90 per cent of revenue. "},{"start":175.62900000000002,"text":"The “squad cost” rule will be tightened next season to 80 per cent of income, and again the following year to 70 per cent. "}],[{"start":183.05000000000004,"text":"Such rule changes will not make European trophies more accessible to a wider group of clubs. "},{"start":188.45400000000004,"text":"Indeed some of them, such as the squad cost rule that ties spending to revenue, are more likely to cement the status quo by making it harder to break into the elite. "}],[{"start":197.27000000000004,"text":"Uefa already rewards a club’s pedigree. "},{"start":200.13700000000003,"text":"About a third of Champions League prize money is allocated based on performance in the tournament over the previous five years. "},{"start":206.29200000000003,"text":"That’s why Saudi-owned Newcastle United’s earnings from its appearance in the group stages of the contest this season were significantly lower than those of Champions League regulars. "}],[{"start":215.28000000000003,"text":"Lax financial regulation left the door open for City and PSG to buy their way into football’s elite. "},{"start":221.00900000000004,"text":"A tightening of the rules will test whether new money can still change the sport’s balance of power. "}],[{"start":225.88000000000002,"text":""}]],"url":"https://creatives.ftacademy.cn/album/157160-1717221532.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

欧洲病夫?德国企业老板针对高病假率发出警告

一项研究称,如果不是因为病假率高于平均水平,德国经济去年将增长0.5%,而非收缩0.3%。

依视路陆逊梯卡估值达千亿欧元,押注眼镜将取代智能手机

该眼镜巨头的首席执行官米莱里表示,与Meta公司合作开发的可穿戴技术将促进增长。

朝鲜向俄派兵后,韩国考虑直接援乌武器

韩国认为,朝鲜向俄派兵和可能的俄朝技术转让对韩国的安全构成直接威胁。

再次陷入危机的大众汽车能走上改革之路吗?

欧洲最大的汽车制造商正与工人和政界人士交战,试图渡过痛苦的电动汽车转型期。

哈里斯的另一个大选对手:通货膨胀

美国选民对高昂生活成本的不满可能决定下周谁将赢得白宫。

Lex专栏:Meta和微软通过季度理智检查

科技巨头今天吹捧真正的胜利,以证明明天的巨额投资是合理的。投资者对此是支持的,但程度有限。
设置字号×
最小
较小
默认
较大
最大
分享×