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Analysing Threat by Corruption to Business of Football

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Analysing Threat by Corruption to Business of Football
ULMS 724 FOOTBALL & FINANCE

To what extent is corruption a serious threat to the football business?

Student ID No’s:: 200772857 Module Leader: Rory Miller

Analysing Threat by Corruption to Business of Football
INTRODUCTION
Corruption in sports has been present since historic times. The first documented case of corruption in international sports is attributed to the athlete Eupolos of Thessalia who successfully bribed three of his competitors in the fist combat tournament at the Olympic Games of 388 BC, among them the reigning Olympic champion. (Maennig, W; European Sport Management Quarterly, June 2005). Corruption in sports in recent times has been highlighted very frequently. With cases of athletes refraining from achieving the level of performance required to win and paving the way for competitors’ victory or sporting officials consciously carrying out their duties with variance in moral affecting the result of the game for financial advantage coming to light over and over again, entire image of sport being symbol of purity is threatened to get tarnished. On one hand, competition judges and other officials are increasingly becoming involved in corruption, whilst, in contrast to previous eras, athletes and trainers are directly involved less frequently. On the other hand a tendency towards an increased number of cases of management corruption in sport has also been observed (Maennig, W; IASE/NAASE Working Paper Series, August 2008). These events eliminate unpredictability from sports thus threatening its basic fundamental or nature by making it orchestrated and more of an entertainment. The massive commercialisation in sports has not only brought massive amounts of money but has also opened the floodgates for corruption. This essay studies the extent of corruption in the business of football and explores the threats it presents to present and future of the game across the world.

FAME COMMERCIALISATION AND MALFEASANCE IN THE GAME
Football


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