Why this year’s Champions League final offers a blast from the past - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
FT商学院

Why this year’s Champions League final offers a blast from the past

Two fan-controlled teams, Real Madrid and Borussia Dortmund, are vying for the game’s top accolade
00:00

{"text":[[{"start":9.74,"text":"For all the talk of how ultra-wealthy, state-backed clubs have conquered European football, this year’s Champions League final offers a blast from the past, with two fan-controlled teams vying for the game’s top accolade. "}],[{"start":21.560000000000002,"text":"The match between Real Madrid and Borussia Dortmund, which will be played in front of 86,000 fans at Wembley Stadium on Saturday night, is the first time since 2017 that Europe’s biggest final will be without at least one team owned by billionaires or a sovereign state. "}],[{"start":36.400000000000006,"text":"Real will be gunning for a 15th European title, while Dortmund, the underdogs, could win their second. "},{"start":42.742000000000004,"text":"To reach the final, both had to overcome an opponent bankrolled by a petrostate. "},{"start":47.284000000000006,"text":"The Spanish champions edged past Abu Dhabi-backed Manchester City in the quarterfinals, while Dortmund saw off Qatar-owned Paris Saint-Germain in the semis. "}],[{"start":56.830000000000005,"text":"On the pitch, it’s clear that Europe’s old guard can still compete with the best of football’s nouveau riche, while governing bodies now acknowledge that checking the might of sovereign wealth is vital for the long-term health of the game. "}],[{"start":68.53,"text":"Of course, Real and Dortmund are hardly paupers. "},{"start":71.922,"text":"According to Deloitte, the Spanish champions had the highest revenue in world football last year, while the German side ranked 12th. "}],[{"start":79.79,"text":"Despite being member-owned, Real have still been able to bring in capital from outside investors through a partnership with US private equity firm Sixth Street, and have had no trouble in attracting and paying top players such as England’s Jude Bellingham, who signed last summer from Dortmund for €100mn. "},{"start":95.232,"text":"He is set to be joined imminently by French superstar Kylian Mbappé, who is quitting PSG in search of the European glory that has eluded the club despite Qatar’s billions. "}],[{"start":105.38000000000001,"text":"In home leagues, state-backed clubs remain dominant. "},{"start":108.822,"text":"Manchester City just notched up a sixth Premier League title in seven years, while Paris Saint-Germain have now added 10 French championships to the trophy cabinet since being bought by Qatar Sports Investment in 2011. "}],[{"start":121.37,"text":"As ever in football, luck played a vital role in shaping Saturday’s contest. "},{"start":126.074,"text":"Real needed a penalty shootout to beat City in the quarterfinals, while Dortmund withstood a barrage of attacks from PSG in the semis. "},{"start":133.279,"text":"There was a moment in time when a Qatar vs Abu Dhabi finale looked more likely than not. "}],[{"start":139.11,"text":"But as football’s governing bodies start to put the squeeze on spending, the financial firepower of state-owned clubs should, in theory, lose some of its potency. "}],[{"start":148.60000000000002,"text":"In the Premier League — where 115 allegations of spending rule breaches still hang over City — a new financial regime is on the horizon. "},{"start":156.604,"text":"Next week, clubs will vote on potential reforms, including one to limit spending by top teams depending on income generated by those at the bottom. "}],[{"start":165.50000000000003,"text":"This season saw the introduction of new financial rules by Uefa, European football’s governing body, that limit the amount a team can spend on its playing staff to 90 per cent of revenue. "},{"start":175.62900000000002,"text":"The “squad cost” rule will be tightened next season to 80 per cent of income, and again the following year to 70 per cent. "}],[{"start":183.05000000000004,"text":"Such rule changes will not make European trophies more accessible to a wider group of clubs. "},{"start":188.45400000000004,"text":"Indeed some of them, such as the squad cost rule that ties spending to revenue, are more likely to cement the status quo by making it harder to break into the elite. "}],[{"start":197.27000000000004,"text":"Uefa already rewards a club’s pedigree. "},{"start":200.13700000000003,"text":"About a third of Champions League prize money is allocated based on performance in the tournament over the previous five years. "},{"start":206.29200000000003,"text":"That’s why Saudi-owned Newcastle United’s earnings from its appearance in the group stages of the contest this season were significantly lower than those of Champions League regulars. "}],[{"start":215.28000000000003,"text":"Lax financial regulation left the door open for City and PSG to buy their way into football’s elite. "},{"start":221.00900000000004,"text":"A tightening of the rules will test whether new money can still change the sport’s balance of power. "}],[{"start":225.88000000000002,"text":""}]],"url":"https://creatives.ftacademy.cn/album/157160-1717221532.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

造就埃隆•马斯克的神话

这位科技亿万富翁对唐纳德•特朗普的支持是其世界观的一部分,这种世界观来自硅谷最狂野的边界。

投资者警告称,强势美元将冲击新兴市场债券

新兴市场债务基金遭遇资金外流,因为发展中国家降息的希望破灭。

吉赛尔•佩利科,震惊法国的审判的核心人物

在法庭审理她如何被丈夫下药并被陌生人强奸时,她表现出了非凡的力量。

安东尼奥•科斯塔:“特朗普为什么要与欧洲打贸易战?”

欧洲理事会新任主席谈跨越政治分歧开展业务、面对腐败调查,以及为什么欧洲在危机中能发挥最大作用。

来自罗马的明信片:向好莱坞明星展示永恒之城秘密的“角斗士导游”

历史学家亚历山大•马里奥蒂是《角斗士II》的顾问,他兼职为汤姆•克鲁斯、比尔•盖茨和罗素•克劳做向导。

海上石油又回来了,但代价是什么?

在发生了历史上最严重的泄漏事故多年之后,公司为了寻找新的发现,正在钻探更深的海底钻井。
设置字号×
最小
较小
默认
较大
最大
分享×