The Financial Times had a very interesting article yesterday by Bryan Harris about football in Brazil suffering under a debt burden. Yet I think it could have been an even better article if the Pink 'Un had separated out those factors that arose from globalisation and could apply in any country in the Global South and those that were specific to Brazil. The article argues, 'Following years of financial mismanagement and corruption, some of Brazil's biggest clubs are on the brink of collapse' and may not survive 2020. Revenue from TV rights has increased 160 per cent over the past decade, but this has been outpaced by the cumulative debt of the 20 top league teams that has soared to $1.7bn. Some of the patterns that are noted are common to football in general. Some 40 per cent of club revenues come from TV rights - lower than for many Premier League clubs, but still substantial. An increasing portion of revenue comes from player sales, some 24 per cent, which is u...