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| PUBLIC POLICY DURING THE TWENTIETH CENTURY | Nov 11, · Politics Report: Gloria Goes Business With New Team. What the new mayor’s new hires mean and the winner of the Elections Contest. Scott Lewis and Andrew Keatts. November 14, Assemblyman Todd Gloria speaks at a San Diego Labor Council rally. Gloria is running for San Diego mayor. / Photo by Adriana Heldiz. Oct 05, · The broken business model: A flea-market frenzy of buying, selling PSL teams. Oct 5, 6 days ago · business models for teams Media Publishing eBook, ePub, Kindle PDF View ID b40eb May 20, By Jir? Akagawa printer business a follow up study reveals that seven out of 10 companies are engaging in. |
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Oct 5, The relationship is neither direct nor inverse but flies uncontrollably like a kite on a windy day. As a result, it is quite complicated to understand and or to predict the commercial side of football for anyone concerned, including economists and sportswriters alike. There are not even theories that can help one to explain football phenomena in a much easier language that is understandable to everyone.
Nevertheless, money flows in football keep on growing irrespective of what is happening to the global and local economies. The case in point here Argentinian clubs and the likes of DRC's TP Mazembe that continue to roll in cash irrespective of whether the countries are about to collapse or not.
Over the last few years, South Africa has also seen a surge in the sales of football clubs.
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They also involve outright purchases of clubs in different leagues. A controversial Durban tycoon and tender-laden Mpisane family in bought two teams in the first division teams Uthongathi FC and Real Kings in an unexpected turn of events.
In spite of the concerns, Premier Soccer League PSL chairperson Irvin Khoza maintains that the league has no grounds to interfere in matters regarding the selling and buying of club statuses. All in all, Businfss Press journalist Daniel Mothowagae suggests that the transaction between Wits and Tshakhuma was the tenth club sale to have taken place in the PSL in the last four years.
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Like elsewhere in the world, these transactions defy rules of economics as they go against the tide where large businesses have either downscaled or closed shop due to the difficult economic environment. Football does not follow the traditional boom-bust cycles in the economy. It is also no longer about culture or tradition as streams of money flow into the game for good and bad reasons. While the likes of Jomo Cosmos struggle to cope, others have forged ahead even without any knowledge of soccer.
Like in other parts of the world, tradition has been overtaken by the importance click here the financial and media dimensions of the sport. South Africa football is not insulated from the happenings in the sport at a global level. Do they happen for business and football reasons? Or do other factors such as money laundering fuel these acquisitions?]
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