Florentino Perez, president of Real Madrid and chair of the much-maligned European Super League, may have many virtues as a businessman, but he is a poor advocate for the new venture involving his famous old club and a number of other football enterprises.
Mr Perez has said that the aim of the Super League is as lofty as seeking to “save football”, a claim that is so audacious as to be close to fiction.
Yet, the venture is a typical example of capitalist concentration – larger organisations driving smaller ones out of business, in this case by outbidding them for the raw material: talented players. Yet even in normal businesses, the authorities have the right to protect the consumer when competition turns into market manipulation, and football is no ordinary business.
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