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Players’ wages have increased significantly since 1995 partly because of the “Bosman ruling”. This ruling came about as a result of three related court cases brought by Jean-Marc Bosman, a Belgian footballer in the Jupiler League in Belgium[9]. At the end of his contract with RFC Liege, Bosman wanted to move to Dunkerque, a French team. Dunkerque did not offer Liege a large enough transfer fee, so Liege refused to let Bosman move. Liege also reduced Bosman’s wages at this time. Bosman took his case to the European High Court where it was held that existing transfer rules were in breach of EU law on the free movement of workers between member states.

257)[5]. , 2001; Jacobs, 2000; Pallot, 2003; Pashang, 2003; Steccolini, 2004; Mulgan, 2000), although Dubnick, 2002, p. ” Moreover, the use of “McKinsey” style accountability has spread globally. It has been at the forefront of public sector reform internationally in spite of the fact that it does not have an equivalent in other European languages. The problem of “incommensurability”, where a lack of common language inhibits easy translation of the word across contexts and cultures (Dubnick, 2002, p.

A club which only a few years earlier had been totally free of debt had to service £663m with interest of £62m (Conn, 2007). The structure of this debt meant that Glazer was keen to refinance. In 2010 he pursued a £500 million “junk”[19] bond issue. 375 per cent. uk/football/2010/jan/22/manchester-united-glazer-bondscheme-success). ece). html). The bonds were issued by Manchester United Finance Plc but Glazer does not guarantee the debt of MU Finance Plc. It relies on other companies within the MU group to do that.

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Accounting and Popular Culture by Ingrid Jeacle

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