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Holding domestic league games abroad a cash-grab exercise

Financial Express Kochi

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September 07, 2025

ANY FEDERATION OR association responsible for the conduct and promotion of a sport or a sporting contest would naturally aim to make it as popular and lucrative as possible, but that cannot be at the expense of the essence of the sport.

- Tushar Bhaduri

Football is the most popular sport on the planet and its biggest stars are well-known names throughout the world. At its basic level, it's a club-level game with strong allegiances. Local rivalries are the lifeblood of the game and the following that a club enjoys in the area that it comes from sustains the sport among the most enthusiastic fans. Football leagues, for almost as long as the game has been played competitively, have been contested on a home-and-away basis, with the champions being decided after months of tussle. That's what makes the decision by the Spanish and Italian leagues to hold one match this season overseas hard to comprehend.

La Liga plans to stage the Barcelona-Villarreal game in Miami on December 20, while AC Milan's game against Como could be held in Perth early next year. This has sparked some outrage not only among clubs but also supporter groups. The reasons are obvious. Playing in Miami or Perth will make a mockery of the home advantage a team is supposed to have. Big clubs have big budgets and may not think twice about travelling long distances. Even players earn frequent flyer miles on individual trips. But what about the fans who are the life source of football? How do they attend matches of clubs they have an emotional (and often financial) investment with? Who pays for their travel thousands of miles away for one game? How many of them can afford to do so? What about the increased carbon footprint? For local games, fans can often travel by road and in groups, which may not be possible in the case of expensive overseas trips.

Financial Express Kochi からのその他のストーリー

Financial Express Kochi

Energy security, industry at core of India’s clean power push: Joshi

INDIA IS RECASTING its clean energy transition as a core industrial and manufacturing strategy, with non-fossil sources now accounting for 52% of installed power capacity and total non-fossil capacity reaching 267 GW, Union Minister for New and Renewable Energy Pralhad Joshi said at the World Economic Forum (WEF) Annual Meeting in Davos.

time to read

1 min

January 24, 2026

Financial Express Kochi

Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally

FOREIGN EXCHANGE RESERVES rose to $701.36 billion as of January 16, compared with $687.19 billion a week earlier, the Reserve Bank of India (RBI) said on Friday.

time to read

1 min

January 24, 2026

Financial Express Kochi

Report gains or losses from F&O trading as business income in ITR

YOU CAN SET OFF LOSSES AGAINST INCOME FROM ANY HEAD OTHER THAN SALARIES

time to read

2 mins

January 24, 2026

Financial Express Kochi

‘Retail AUM may touch ₹1 lakh cr by March’

Jairam Sridharan, managing director and CEO of Piramal Finance, tells Kshipra Petkar in an interview that the company is targeting a sharp expansion in retail AUM, improved profitability and deeper product diversification.

time to read

1 mins

January 24, 2026

Financial Express Kochi

ICCT20 World Cup: Scotland likely to replace Bangladesh

A DESPERATE BANGLADESH Cricket Board (BCB) has written to the Dispute Resolution Committee (DRC) of ICC requesting it to overturn the governing body’s decision to hold the national men’s team’s T20 World Cup games in India but its appeal won’t be heard as it is outside the remit of the subcommittee.

time to read

1 mins

January 24, 2026

Financial Express Kochi

Rupee sinks to all-time low, reports steepest weekly fall in 6 months

THE RUPEE FELL to a record low on Friday and posted its steepest weekly decline in six months, weighed by sustained foreign outflows and hedging by importers.

time to read

1 mins

January 24, 2026

Financial Express Kochi

IPOs in Dec moderated from ’25 peak: Sebi bulletin

FUNDRAISING BY INDIAN companies through initial public offerings (IPOs) relatively moderated in December compared to the peak levels in 2025, though the number of new issuances was the highest and the issuance size was the third highest globally, a bulletin released on Friday by the Securities and Exchange Board of India (Sebi) showed.

time to read

1 min

January 24, 2026

Financial Express Kochi

States' combined fiscal deficit rose to 3% in 2024-25: RBI report

STATES' CONSOLIDATED GROSS fiscal deficit rose to 3.3% of gross domestic product (GDP) in 2024-25, after staying below 3% for the previous three years, according to a Reserve Bank of India's (RBI) annual report on state finances released on Friday.

time to read

1 min

January 24, 2026

Financial Express Kochi

Prepare orders for Nvidia chips: China to firms

CHINESE OFFICIALS HAVE told the country’s largest tech firms including Alibaba Group Holding they can prepare orders for Nvidia’s H200 AI chips, suggesting Beijing is close to formally approving imports of components essential to running artificial intelligence.

time to read

1 min

January 24, 2026

Financial Express Kochi

Tata Power secures World Bank loan for its Bhutan project

THE WORLD BANK sanctioned long-term financing of $815 million for the 1,125 MW Dorjilung Hydropower Project (DHPL) in Bhutan.

time to read

1 min

January 24, 2026

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