The trade wars of Donald Trump are probably a moment in time, although it currently disputes world order and undermines confidence in super power that America once was.
When the North -American World Cup comes in 2026, you hope that we have gone through all casino economy.
That does not mean that many people will not suffer in the short term, it just did not occur to me that the consequences of changing the world order will really influence the elite sport, unless certain owners wanted to try to use it as a smokescreen.
A bit like when certain politicians used terrible world events as a 'good day' to release news about a policy that they knew was not popular.
Whether it is fair or not, Premier League football does not catch the same heat as different industries. It seems to be isolated in world events that others challenge. Even during Covid – and there could be a larger rate than the closure of the trade – it didn't really have an impact on football.
Clubs complained about the challenges of paying wages, but the status quo prevailed, right?
History has taught us that the super rich tends to become even richer during the world's greatest crises, and you have to include Premier League owners in that group. Private Equity players or nation states have assets that are diversified.
The only reservation would be those owners, and I think of the glazers in Manchester United, who may use the uncertainty as an opportunity to explain how little money United has and why everything needs a price increase for the fans. Call me cynical, but have we not only heard the Witterings of Sir Jim Ratcliffe about United who no longer has cash?
It was noticeable that we saw an increase of billionaires during the last worldwide disaster with which we were confronted, Covid. The boys who run the best English clubs, with a value of hundreds of millions, buy shares on Wall Street during the dips and wait until the market corrects itself.
The prices fell during Covid because of the pandemic, not because underlying aspects of the company were poor and sad. Markets create an opportunity for those who have the wealth. This, although made by man (again, probably like Covid), has a similarity in the current shock waves that return the so-called Liberation Day of Post-Trump.
Television rights are classified as services instead of production, so not in the same way are influenced by rates. And these rights are worldwide, not dependent on the American market. Just like the reasons why big brands are tailored to the World Cup.
I have heard that it argued that the currency fair will influence the loan interest of the glazers. Well done, then they have a partner like Sir Jim with deep pockets. Big-Hitters, such as she or Stan Kroenke or John W Henry, have larger fish to bake commercially than priority to the money they might have to pony every season.
As for the World Cup, it is 14 months away, by that time the Trump tariff effect was probably removed and solutions and adjustments.
Not that I feel particularly sympathetic to FIFA when they are anxious. They wanted to give it to the US and Canada and Mexico, mainly because Trump Mark gave me insurance that it would generate $ 15 billion and certainly not because of his care and care of the welfare of the largest sport in the world.
Fifa and Gianni Infantino wanted to dance with Trump because of the money. It is their problem if they become less than expected in their treasury. I don't think it will play that way because the world will have returned by that time, because Trump's policy position is an experiment and probably not his endgame.
He simply pulls levers to achieve results, so I don't see it affecting sports, unless owners such as the glazers use it for their own advantage.
They spent their time in United – from the moment they bought the club with just a very small amount of money – load their obligations elsewhere and use the club to improve their own wealth.
In reality, they are sufficiently rich to trade their different portfolios to earn so much money in needy times as in the good. But the opportunity is to exploit Global Trust's delay by Trump to play Opossum with their fan base and quote it as a reason not to invest.
Although trust and the glazers are not bedgots who will recognize the United fans!
How Chelsea PSR maps played well
Timing is everything and while Manchester City is waiting for the result of 115 alleged financial infringements, Chelsea will drive a coach and horses due to the value of profit and sustainability rules (PSR).
They have sold their ladies team to another part of their company for something that resembles the entire income of the world's 20 largest DameS teams.
Although the cases are not identical, the motivations may be, both driven by a capacity to spend and compete at the highest level.
City is accused of part of the disguised stock investments such as commercial deals that never happened or are enormously overvalued. Chelsea has been open about how and why they appreciated their women's team for £ 200 million. Their auditors have made it clear, so I will be fascinated to see if the Premier League makes sense.
Where Chelsea has been happier – twice – is when their changes took place.
They benefited from Roman Abramovich who took over in 2003 when there were no restrictions on the investments and he could do what he wanted. By the time of Sheik Mansour in 2008, the authorities were unclear – for reasons that the Big Five clubs were able to explain even better (note sarcasm) – they did not want the industry to fall prey to another Abramovich who had set the system on fire with his expenses.
That is why Manchester City discovered that they were more robust in an industry, but without having the visibility of how FFP and PSR would actually work. If they had realized what was ahead, they might have bought the city through a structure that had a whole load of assets to remove within the wider group.
When Todd Boehly and Clearlake Capital Chelsea bought in 2022, they had the advantage that they had been what had happened to City and prepared the results to fit while they still invest heavily.
They have been able to hide in sight and offer what they consider as a fair market value for their women's team if there has not been a benchmark before the value of the active.
I spoke 18 months ago with various investors who felt that he had bought a female football club, removed an existing framework (that is, giving men's football) and giving individual management and ownership an important chance.
Why? Because women's football can be acquired at an economic price and will increase in value with larger attendees, income flows and interest from broadcasters.
Although that thinking is certainly not supported on the Chelseanomics over the inflation of the market!
I don't see Chelsea as Liberty Takers. I look at the general ideals behind the financial administration of football and say it is a joke. The fact that Chelsea can pick up a appreciation from their wives' team and use it to overcome what governance is supposed to be, shows how ridiculous it is.
The regret of the city when they wait for their potential punishment is that they did not know what is clear.
My favorite land? Wherever I could get out quickly!
Congratulations to Oliver Holt, My Padel partner in Qatar, for visiting all 92 competition rounds.
I wouldn't have been a traveling companion. As chairman of Crystal Palace I had a favorite stadium – Selhurst Park – and I didn't like the others or their fans.
I would pop up at five to three, a 'W *****' called by the road supporters and leave as soon as possible on full -time, preferably with three points.
If it is pushed, I should acknowledge that Elland Road had an impressive atmosphere, but it was not a state-of-the-art, and I didn't like their chairman at the time, Ken Bates! Although he squeezed my cheek and said we were the same, to my annoyance.