750 million people watched the world cup football finals between France and Italy. This is approximately one in every eight people living on the globe. No one knows how many billions transferred hands in the transfer window which ended yesterday. I was not able to calculate that because most of the deals had "undisclosed" value. But one can vey well imagine the extent of the deals. The annual compensation of some of the stars would be equivalent to what all the graduates from London Business School can earn in a year. Football is truly a religion, one in which I believe. But more importantly the sport has huge business implications.
Every subject we learn at B-School has direct application in the game. Whether it be strategy, behavioural science, decision science, corporate finance (NPVs - I did a crack case with Varun on this), applications can be found in the sport. But it is unfortunate that the big B-schools do not promote its students to be successful football managers. I agree that some of the not so famous universities do run a course to promote this career option. But I believe that the size of the business justifies more interest from the business academicia.
Tuesday 3 February 2009
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