European football is the latest hope for leaders seeking to re-carve the world for greater power and profit. News reports indicate the doomed Super League appears to be back.
Either ten or six top clubs want to bring the widely panned idea back to life. Initial reports had a number of EPL clubs in the mix but that has since been refuted.
LaLiga president Javier Tebas has reportedly claimed the three Super League clubs "lie more than Putin. They think that all national leagues must be dumb. It's an insult."
Reports have not mentioned J.P. Morgan, the Wall Street firm that set up last year's disastrous effort.
Owners have a new way to tap the obscene amount of equity in their football clubs, private equity underwriters (PEU). The greed and leverage boys can handle both sides of the deal, buyout and financing.
Bain Capital is leading a PEU consortium taking a majority stake in Italian Football Club Atalanta B.C. The Carlyle Group is providing the financing through its credit arm. The PEU boys expect a big return on their money. What will mean for ticket prices? Expect them to soar.
