During Interlull, let's talk finance again as journos look for football stories
Tuesday, 14 October 08, 11:30 AM · Comments(0)
Financial journalists and experts must be suffering from an incredible workload at the moment as every Tom, Dick & Harry needs a quote or an opinion about the Global financial crisis and its impact on everything aside from the actual financial world. Stories have been written about the Premier League clubs and their potential for catastrophe. So we have West Ham and the dodgy Icelandic banks, Stadiums not being built on Merseyside and Man Utd's sponsor being bailed out by the US government.
However, what this means, in reality, is a plethora of stories that actually aren't stories but need to be written to justify the editor's need for contemporary news, i.e. anything about finance & football. So it was no surprise today to see a story regarding Arsenal, Liverpool, Stoke City & Bolton Wanderers (+ a few more) that relates to the British Government's partial takeover of UK banks, Lloyds TSB and HBOS (RBS). The headline says "Top Clubs Sweat" but the article really articlulates that there is actually no real problem, in fact, the banks are in a better position in many ways. Yes where renegotiation is needed there could be aproblem or two but with guaranteed TV income for teh short term that probably wouldn't impact too much.
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