Word: englands
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Dates: during 2000-2009
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...disaster struck as a run of disastrous form saw the club miss out on Champion's League qualification. The resulting loss of projected revenues forced an emergency sell-off of star players, but that failed to avert a financial collapse, and the once mighty Leeds United now languishes in England's third-tier league. Just as wealth and success on the field go hand in hand in today's pro soccer, so can disaster on the field bring disaster at the bank...
...world economy may be slowing, but you wouldn't know it to look at the giddily bullish market for the services of the world's leading soccer players. The top clubs in England, Spain and Italy are primed to spend billions of dollars in the remaining four weeks of this summer's "transfer window," during which teams are allowed to trade consenting players. And in a game with no salary caps, the players - who not only get to negotiate a more lucrative deal with their new clubs but also get 10% of their transfer fee (the remainder going...
...economy is quite different from that of American sports with its carefully regulated trades and salary caps. The right to contract players can be bought and sold. And for a match-winner like Ronaldo, the driving force of a United team that finished last season as champions of both England and Europe, it's a seller's market. The Manchester club have the Portuguese star on contract for four more years (after which, if he's not sold, he becomes a free agent) at a weekly wage of $240,000. Real Madrid wants to pay $120 million (of which Ronaldo...
...Milan - use them to buy the players who'll ensure their continued dominance, concentrating talent in a handful of top clubs in each country, while those lower down the pecking order struggle to hold on to their best players. Even such legendary clubs as Arsenal and Liverpool in England, both of which reached the final four of last season's élite European Champion's League, are unable to match the financial muscle of Chelsea or Real Madrid, lowering their prospects for success...
...Tiger, Hidden Dragon. The new Mummy sequel, Tomb of the Dragon Emperor, set in the 1940s, is about an undead 2,000-year-old Han emperor (Jet Li) and an army of terra-cotta warriors. The China that appears in American pop culture is about as modern as Arthurian England...