Professionalization of modern sport For Profit or Glory Essay - 1

Professionalization of modern shimmer For Profit or Glory - Essay ExampleThe twenty-first century has been characterised by numerous transformations that give birth seen football and in particular the English Premier League being commercialised and turned into a multi-billion business investment from which the owners and investors are reaping billions of pounds in revenues (Roster and Shropshire, 2011).For this reason, the last decade saw the three top-flight confederacy clubs Chelsea, Manchester fall in, and Manchester City being auctioned and sold out to investors a move that significantly changed the operations and impacted the focussing of the clubs. However, some opponents argue that the multi-billion takeovers were healthy for the clubs since the investors have vast amounts of disposable incomes to hire and attract world cast players from across the globe as well as be able to maintain their huge wages. Although, this has non been the situation because many of these clu bs, currently face various challenges that have become threats to their future competitiveness (Ferguson, 2013). The Manchester United faces a number of governance issues that have their roots in the 2005 take over and the recent challenges of bodied governance practices.The moment the Glazers announced their planned takeover of Manchester United, the news elicited mixed reactions from the loyal and bunk supporters of the club. A significant number of them were opposed to the move since they wanted Manchester United to remain a club club with no designated owner because they feared a single investor would take over ownership and impose his get out on the management of the organisation, which would be against their wish. For this reason, the supporters organised peaceful demonstrations that were coupled with a number of petitions to the ministry of culture to transmit and nullify the deal from being procured. Unfortunately, the contract was sealed, and the Glazers obtained a sev enty percent stake in