Mmastodon SportSoccer first seen 22 d ago, last 22 d ago, peak #1
Debate over debt-secured football clubs in Britain
Original: What does slavery look like in C21st Britain? leaving aside exploitation and 'modern slavery' in the shadow economy, for
A discussion is under way about whether multi-club ownership and private equity financing amount to a form of modern slavery in twenty-first century Britain. The argument sets aside exploitation in the shadow economy and focuses instead on football clubs, claiming private equity firms are now securing loans against the 'value' of players, effectively treating athletes as collateral and assets rather than people.
Why now: Private equity's growing use of player value as loan collateral at football clubs has reignited debate about athlete exploitation and ownership practices.
Private equity firmsBritish football clubs
Evidence
- What does slavery look like in C21st Britain? leaving aside exploitation and 'modern slavery' in the shadow economy, for a minute lets focus on football clubs. The reason I say that is Private Equity's new approach to security; loans are now being secured on the 'value' of… · ChrisMayLA6@mastodon.me.uk · 6
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