The Economy of Oily Ball

Football (or soccer in American) is one of the most popular sports in the world. Every four years, all eyes are glued to TV screen at home, watching their favourite world-class teams and players play. World Cup is undoubtedly the most entertaining tournament in the history of sports and football!

But what we do not know is that, somehow, football has ‘a positive correlation with the oil and gas industry‘. Yes, believe it or not, it is true.

It is extraordinary for me to come up with this theory or hypothesis. Some would say that this is only a mere assumption without any basis! Actually, it is a plausible theorem which drafts an imbalance formula of economics into the equation of noises and unknown variables. It remains to be seen, whether there were any empirical findings (to say) that football is indeed related to the oil economy. Despite the lack of evidence (in the above theory); the overall economy has always been directly or indirectly driven by the performance of crude oil prices!!

Football and Leaders
Football is originated from China, so they say. But, it is important to note that, mostly all political leaders in the world cannot avoid being involved in this game, because of its popularity amongst the public. Therefore, no one dares to ignore the impact of this game on the economy or vice versa!

 

It is very logical to say that, when the price of crude oil soars, the popularity of the sport rises too. The only basis for this accusation is that sports, like any other industry, are driven by the appetite for winning, and only a prosperous economy shall win the game.

Historically, the football game has flourished in the countries that have more economic resources. Crude oil and gas, are amongst those valuable resources that they need. Once the energy sector was developed, the likes of football giants, i.e. Germany, Great Britain, Holland and France would be able to spur the growth of other industries such as R & D in sciences and sports.

Wealth and Football
According to the data provided by Deloitte, Real Madrid is the richest football club in the world, despite that Spain’s economy is not in a “good shape” at the moment.

 

However, some countries are lacking in resources but still wins the football competition. Nations like Brazil and Argentina are relatively the “outsiders” in this equation, despite their fair share of existence in the arena of global oil and gas industry. Naturally, these nations can only be seen as the producers of talents for the progression of the sport. In other words, players from “poorer” countries such as South America and Africa are imported into higher quality professional leagues such as in Spain, England, Italy and Germany. It is no difference between the commodity of crude oil and football talents. They are all being consumed for the purpose of an economy!

Therefore, it is not surprising to see if the Middle Eastern major oil-producing countries like Saudi Arabia, Iran and Qatar were able to improve their football game-quality in a brief period of time. That is because they have “a bottomless pocket” to invest into the game, although they might not have the natural talents in the first place. All you need is the money, to be successful in most type of sports.

Iran Women Team
Iranian women football team play against an amateur club shows the example of how popular the sport amongst the global population, including the oil-rich countries like the Arabs. (Source: The Telegraph)

 

My conclusion before ending this brief write-up is that, no matter how much you try to improve your football game, there is one thing you should not forget. That, despite the sponsorship you received from all sort of brands or sponsors, you are still the consumer of energy – where the primary source of energy remains the oil and the gas!

 

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