Word: premieres
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Dates: during 2000-2009
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...that with a domestic game in the doldrums and top clubs impotent against Continental opposition, they needed a greater say over their own affairs - and the enhanced broadcast revenue they thought they could win. In 1992, England's top clubs walked out of the Football League to form the Premier League, a commercially independent alliance able to hammer out its own TV deals on behalf of all its teams...
...with only 20 clubs competing in the English league, average club takings are already more than in the NBA. There's more to come. For each of the three seasons of a new broadcast deal that begins later this year, domestic TV rights for the Premier League fetched $1.1 billion, compared with just $680 million for the deal that expires this summer. Taking Britain's smaller population into account, the League, under the new deal, will generate 50% more domestic broadcasting revenue per head than the NFL, and eight times that of the NBA, according to consultants Deloitte. Increasingly, that...
...face of it, there's still a stark difference in financial power the lower down the Premier League table you go. According to Deloitte's 2006 Annual Review of Football Finance, the top five earners in the 2004-05 season - Manchester United, Chelsea, Liverpool, Arsenal and Newcastle United - accounted for almost half of both revenue and salary costs. And though average club revenue hit $124 million in 2004-05, the ratio of revenue at the richest club to that of the poorest is 4.7:1, well over twice the NFL's rate and almost double the NBA's. While income...
...anyone's venture is special to him. And the England of James I and his predecessor, Elizabeth I, suffered from overpopulation and poverty. Pushing people into other lands could solve both problems and even have a side benefit. As the Rev. Richard Hakluyt, England's premier geographer, put it, "Valiant youths rusting [from] lack of employment" would flourish in America and produce goods and crops that would enrich their homeland. The notion was so prevalent that it inspired a blowhard character in the 1605 play Eastward Ho! to declare that all Virginia colonists had chamber pots of "pure gold...
...Green diplomacy has already borne some fruit: When Chinese Premier Wen Jiabao came to Tokyo earlier this month - the first visit to Japan by a Chinese leader in nearly seven years - the two sides kept to a minimum discussion of the painful shared history that had aggravated tensions between them, instead trumpeting plans to cooperate on the environment. Few concrete details emerged from the meetings, although a normally truculent Beijing did agree for the first time to actively discuss what should happen after Kyoto. But the summit's amicability showed that environment could provide the basis for safe diplomacy...