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Cake day: June 16th, 2023

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  • UEFA can and should fight the privitizaton of the World Cup, but trying to force leagues outside of its purview to follow its rules is just asking for trouble.

    As you said, there was already one attempt to create a Champions League rival. An American style league structure is going to be tempting and an independent MLS & Liga MX is going to cause issues for talent retention. I could see the Saudi and Qatari leagues pulling away as well, further fueling a bidding war for talent.


















  • It fits somewhat with American sunbelt cities where there is significant growth and large developers building new houses. One issue which is common across borders is that real estate was a common way for people to invest their retirement savings; wiping out a lot of the savings of people near or at retirement isn’t healthy. One issue that is more local to China is that Chinese provinces and municipalities have little ability to raise taxes, so they’ve been using development as a way to raise money; a lot of these governments have a lot of debt and few good ways to pay it back.