Leicester City Football Club are the English Premier League champions. Let that sink in. This team has shattered all previously held notions about what it takes to win trophies in football. With a squad costing the same amount as individual players in traditional elite teams, Leicester have shown that money well spent is better than spending money with abandon and hoping for the best. While the party continues, we take a look at the financial implications that this fairy tale and wonder if it is a sign of a bursting financial bubble.
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Philip Buchanon's book New Money: Staying Rich, is a revealing personal account that explores some of the financial burdens that so many professional athletes face when they sign massive contracts. Buchanon bravely discloses how his own mother demanded a pay-out of US$1 million for raising her son for 18 years, as well as other shocking anecdotes. Many athletes are ill-equipped to handle new money and squander small fortunes. In an exclusive interview with Conqa Sport, Buchanon discusses how he hopes his book can inspire and educate young athletes.