WSC DAILY
November 2009
Selling stadium history to the sponsors | Selling stadium history to the sponsors |
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Then Liverpool boldly rated the value of their purported new stadium’s name at £250 million. Naming stadiums after sponsors is nothing new of course. Roughly half the clubs who have built grounds since the late 1980s have flicked idly through the football equivalent of baby name books before settling for Your-company’s-name-here Stadium. A few, such as Wigan and Huddersfield, have already changed it as a result. Of those clubs, Arsenal’s decision on their new stadium at Ashburton Grove aroused most controversy. One reason was their supposed reverence for tradition, which appeared to count for nothing. Another was the size of the club.
Few would begrudge a club such as Doncaster any money they could attract for naming rights, but the £100m Arsenal received from Emirates for a 15-year deal, which included eight years of shirt sponsorship, made the club look simultaneously greedy and petty. Working out at a few million pounds a season, it is small change compared with the revenue from a single successful Champions League season. Not only are the clubs selling a key part of their tradition and identity, they aren’t even getting much of a price. Chelsea’s mooted £150m may sound impressive but that could easily be eaten up by misplaced investments in two or three Andriy Shevchenkos over a decade. On the subject...
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