Tuesday, September 13, 2011

Arsenal Manager Forecasts The Doom of European Markets

Say what you will about Arsenal manager Arsene Wenger's stubborn tactics and fandom of teenage prodigies, it cannot be denied that the man is one of the sharper minds in football today.

His typically thrifty spending in transfer markets derives not just from the confidence he has in home-grown academy talents, but also in fear of the developing nature of football finances and the impending threat of a crash of the European markets.

Have a quick look at the article linked below and ask yourself why you know less of economics than a football manager. In the article, Wenger attempts to draw parallels between the spending habits of clubs like Barcelona and Real Madrid and other companies whose debts are too great and possess too few liquid assets to have a legitimately healthy outlook for the future.

Arsenal Manager Forecasts The Doom of European Markets

And by the way, Arsenal @ Borussia Dortmund 2:45pm ET (Champions League Group Stages)

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