Football, or “the beautiful game”, started out humbly enough as a past time. But now, the sport has turned into a thriving business concern of global proportions like many other professional sports. At the height of this business operation is FIFA, the world football governing body. Unfortunately, the copious amounts of money this body deals in has been brought to public attention through mega-sized corruption deals involving top FIFA officials.
No other game has a broader global reach than football, In fact, it is estimated that at least half of the world gets to watch the FIFA World Cup in some form every time it takes place. The global event is seen by its host as a rife business opportunity as it allows such a country to boost its tourism and popularity around the world. This is why countries fight for the chance to host the event, and many of them pull all the stops to make sure the event puts them in flattering light for the sake of business.
Even at club levels, football is big business. Every football season is characterized by million-dollar player transfers, multi-million dollar sponsorship deals and ticket sales that keep these club running and profitable. In addition to ensuring they have the best possible winning form, football clubs also keep a close eye on their finances to ensure that they make money for their super rich owners.
Coaches are more often than not signed on to performance contracts to ensure the clubs retain their performance or do better in order to boost their popularity in the football world, which in turn translates into more lucrative sponsorships, better fan turnouts, and hence, greater profits.
Professional football players also approach the sport in monetary terms. This is why they have agents that negotiate big contracts on their behalf with the clubs that want to enjoy their services. These players also earn sponsorship deals from many global brands, which they in turn promote in exchange for large payouts. So, modern football is inexplicably tied to the business world, whether the average fan sees this or not.