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We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

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Tuesday, 2 February 2010

Recession even hits the Premier League?

Spending in this year's January transfer window by Premier League football clubs ended up at about £30m, with £7m coming from a single player, Adam Johnson. This is well down on the £170m splashed out last year. Loans played a much larger part in plans this time round, with clubs reluctant to commit the cash.

So, is this a sign of the recession forcing belt tightening in the top flight? With the saga at Portsmouth becoming more dangerous (and ridiculous) as each day passes, and debt levels rising to worrying levels at other clubs, has the Premier League woken up to the realities of the consumer recession?

Short answer is obviously no, the TV revenue outweighs the money through the turnstile, but there is a definite sense that spending patterns have changed for a large number of clubs.

On a different subject, the first 3D broadcast of a live game was well reported and apparently well received. Will it catch on? I'd like to think so, but it will create fans-only pubs on match days, can't see it working well for non-footballing partners standing around without daft glasses on.

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