logo
episode-header-image
Jun 2023
47m 42s

Why Saudi Arabia Is Spending Millions on...

bloomberg
About this episode

Saudi Arabia has been spending hundreds of millions of dollars snapping up international soccer stars in recent months, including legendary players like Cristiano Ronaldo and Karim Benzema, to boost the rosters of its Saudi Pro League. It's not the first time we've seen a country spend a lot of money to try to build up a domestic sports league, but it does have some key differences to previous attempts like we've seen in China, or in the US with Major League Soccer. For a start, the kingdom is spending a lot of money, opening up thorny questions about competition worldwide and Financial Fair Play rules in Europe, specifically. More importantly, it's also doing this at a governmental scale, with the kingdom's sovereign wealth fund and state-owned oil giant taking active roles. So what exactly is Saudi Arabia trying to accomplish and will it succeed? And what does this huge influx of money mean for soccer in the rest of the world? On this episode, we speak with Michael Caley and Mike Goodman, co-hosts of the Double Pivot Podcast, to discuss the big business of football and why turning a profit is not always the primary goal.

See omnystudio.com/listener for privacy information.

Up next
Yesterday
Risky Business Preview
<p>Here&rsquo;s a preview of another podcast we enjoy, Risky Business with Nate Silver and Maria<br>Konnikova. Risky Business is a weekly podcast about making better decisions. Hosted by<br>journalist and psychologist Maria Konnikova and data analyst and election forecaster Nate< ... Show More
3m 45s
Nov 22
Why America's Cattle Ranchers Keep Getting Squeezed
<p>The country's cattle herd has shrunk to its smallest size in decades and beef prices have been soaring this year, with hamburgers and steaks becoming the latest flashpoints in the political debate over higher food prices. In this episode, we untangle the roots of declining dom ... Show More
43m 20s
Nov 21
What Susan Collins Wants to See Before Supporting Another Rate Cut
<p>In early November, it looked like almost a sure thing that the Federal Reserve would cut rates. Since then, the odds have come in dramatically, as a number of FOMC members have been talking about persistent inflationary pressures. One such voice has been Susan Collins, the pre ... Show More
47m 52s
Recommended Episodes
Nov 2023
Saudi Arabia's multi-billion dollar football powerhouse bet
The Saudi Pro League has attracted some of the top players from around the world - with transfer fees and salaries amounting to millions of dollars.We travel to Saudi Arabia to look at the country's ambitious plan to become a global football powerhouse - is it an economic move or ... Show More
17m 42s
Jun 2023
Golf, soccer, F1: Saudi Arabia's big sports bet
If you're a sports fan, you may have noticed Saudi Arabia making billions of dollars of investments in everything from Formula 1 to professional tennis. In two high profile moves, the Saudis backed the merger of LIV Golf with the PGA tour earlier this month, and recruited soccer ... Show More
28m 32s
Oct 2023
Why Saudi Arabia Pours Billions Into Sports (And It Makes Sense)
Sometimes as economists we need to analyse complex decisions to understand what the outcomes might be. On the more baffling end of the scale we have Saudi Arabia spending billions on football, golf and Formula 1 stars who are mostly a little past their prime to come and play in t ... Show More
16m 18s
Mar 2024
World Corrupt: Episode 1 - Football in the House of Saud
<p>Roger Bennet and Tommy Vietor are back for Season 2 of World Corrupt! And this time, Rog and Tommy are diving into how Saudi Arabia, the biggest exporter of oil in the world and a nation in the news for human rights abuses, became the latest geopolitical powerplayer sweeping g ... Show More
47m 58s
Aug 2023
#194 Why Saudi Arabia Wants To Own World Football
<p>Cristiano Ronaldo, Karim Benzema, and Neymar have all joined the Saudi Pro League on nine-figure annual contracts. And the oil-rich league isn’t slowing down anytime soon, bidding to host marquee FIFA events and compete with Europe’s top football clubs. So today’s podcast exam ... Show More
25m 1s
Jul 2023
The Saudi Arabian Takeover
Saudi Arabia has set the summer transfer window on fire, with numerous superstars such as Karim Benzema and N'Golo Kanté following Cristiano Ronaldo to the Saudi Pro League. Saudi clubs are offering massive contracts to these players, but what's the rationale behind these investm ... Show More
26m 51s
Dec 2022
The rising stars of football and their money
The World Cup is a catwalk of footballing talent. Lesser known players are thrust into the spot light and launched onto the global soccer scene often with an enormous increase in wages. But how much do those young, impressionable players know about personal finance? We've all see ... Show More
18m 28s
Aug 2023
Future of Football: Will the Saudi Pro League change transfers forever?
In a special podcast on the Saudi Pro League, Sky Sports News chief reporter Kaveh Solhekol talks to Peter Smith about why there has suddenly been big spending from clubs in Saudi Arabia on European-based players, what the league must do to attract elite players, and what the big ... Show More
22m 25s
Sep 2023
Saudi's football giants - How the signings work and will the spending continue?
<p><strong>Saudi's football giants - How the signings work and will the spending continue?&nbsp;</strong></p><br><p>Tom Clarke is joined by regular Monday panellist Alyson Rudd and debutant Tom Kershaw. Messrs Martin Hardy and Michael Grant drop in to give reaction and updates fr ... Show More
1h 1m