Kylian Mbappé, petrofootballer. (Credit: Aurelien Meunier/Getty)

I was five years old, desperately precocious when it came to football, and furious that my mam hadn’t let us watch England against Czechoslovakia in the 1982 World Cup. We were on holiday, and that meant that we had to brave the rain and wander through Fort William. Thankfully, Trevor Francis scored his winner just as we walked past a TV shop on the high street and I saw it live through the window.
That was the first thing I thought of when I heard that Francis had died this week. Your first World Cup always leaves the deepest impression, and Francis remained my footballing reference point. And yet, to look at the photographs that accompanied his obituaries was to be transported to another world, when kits came in blocks of simple colours, unsullied by corporate logos. But in one key respect, Francis was part of football’s future, not its past. In 1979, when he joined Brian Clough’s Nottingham Forest from Birmingham City, he became the first British player to be transferred for £1 million.
At the time, that seemed an extraordinary fee and generated a media storm; now the idea that two Midlands clubs could be involved in a deal that provoked moral outrage seems faintly absurd. Footballers don’t bus across county lines anymore; they rarely have to touch the ground. The Francis signing may have made a statement about Clough’s self-confidence and Forest’s ambition. But, vast as Clough’s ego was, all this has the air of prelapsarian parochiality — especially when compared with Saudi Arabia’s imperial football ambitions, which have most recently set their sights on the French forward Kylian Mbappé.
Like Francis, Mbappé is a brilliant footballer. He is 24, powerful, quick, a superb dribbler and a clinical finisher. He is one of only five players to have scored in two World Cup finals, and was the top-scorer in the 2022 finals. But after Al-Hilal reportedly made a bid of €300m to sign him from Paris Saint-Germain this week, he has also become the highest-profile player in Saudi Arabia’s extraordinary investment in sport — having already been a key figure in Qatar’s investment in sport.
PSG signed Mbappé in 2017, initially on loan, with a total €180m payable in 2018 — a manoeuvre that circumvented any Financial Fair Play sanctions in the summer they paid €222m to sign the Brazilian forward Neymar from Barcelona. These prodigal purchases were the two leading acts in the creation of football’s current financial environment. The Neymar fee more than doubled the previous world transfer record — by far the biggest proportional jump in history. It is a fee impossible to justify in financial terms alone. PSG’s owners, Qatar Sports Investment (QSI), wanted to be the club who held the world record. Whether by accident or design, it also served to inflate the market, creating the financial pressures on the traditional elites that were a major driver in the failed Super League project.
The QSI purchase of PSG in 2011 was part of Qatar’s more general spending on sport, which culminated in the staging of the 2022 World Cup. And this is all occurring at the highest levels of Gulf statecraft. It followed on from the acquisition in 2008 of Manchester City by Sheikh Mansour, the current vice-president and deputy prime minister of the UAE. His brother is president of the UAE and his father-in-law is the ruler of Dubai, leaving City — whose most famous patrons were once Noel and Liam Gallagher — effectively owned by the state of Abu Dhabi. (Mansour himself bought the club from the former Thai prime minister Thaksin Shinawatra, while it’s now clear that when Roman Abramovich bought Chelsea in 2003, the move was authorised, perhaps even instigated, by Vladimir Putin.)
So neither billionaire nor government involvement in football is new — it wasn’t even new when Mussolini transformed the 1934 World Cup into a celebration of fascist Italy. But the investments made in sport by Saudi Arabia over the past two years have taken it to a new level. A Guardian report suggests spending by the Saudi Public Investment Fund in sport totals at least £6bn since the beginning of 2021. Saudi Arabia has staged Formula One grands prix and world championship title fights; it set up a rebel golf tour, is planning a $500m “esports city” and bought Newcastle United. A bid to host the 2030 World Cup appears to have stalled, but earlier this year the PIF bought the four most storied teams in the Saudi league — Al Nassr (which had already signed Cristiano Ronaldo), Al Hilal, Al Ahli and Al Ittihad.
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