Between the Lines

"Of all unimportant subjects, football is the most important" – Pope John Paul II

Quote of the Week

Posted by hakanrylander on October 15, 2009

The Economist this week takes a look at the attempts to formulate new rules in order to avoid future financial crashes similar to the one in 2008. The conclusion is that there is no archetype of success. Apart from the obvious one:

“What firms need is a culture of excellence – but that is like saying all football teams should be Manchester United.”

Advertisements

2 Responses to “Quote of the Week”

  1. Ah, that explains Sir Alex topic of late – the football bubble! He was not fearing on behalf of ManU, he was concerned for the rest of us – now thats an altruist!

  2. hakanrylander said

    I’m not as worried as Sir Alex about a possible bubble. The football industry hasn’t really made any money for as long as anyone cares to remember. Still the business goes on and football in that sense is much more resilient than any normal business. That doesn’t mean I think it’s OK if most clubs operate on shaky financial foundations. After all, that would be like saying all football teams should be West Ham United.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: