MEE: How Bangladesh Sold Its Future to the Gulf States

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Armed guards outside a newspaper office in Dhaka, Bangladesh. ©James Montague

In August 2017 my third book “The Billionaires Club: The Unstoppable Rise of Football’s Super-Rich Owners” (Bloomsbury) was released. The book took me all over the world looking at the backstories of the super-rich who were now investing in football clubs: China, the UAE, Qatar and, most surprisingly, Bangladesh.

Whilst football is growing in this cricket-mad country, there hasn’t been any investment as such from Bangladeshi billionaires in European football. But the country plays an important part in that story.

There is little doubt that the wealth of the Middle East is reshaping the game. Whilst that wealth is derived mainly from oil and gas, it is the millions of poorly paid migrant workers who build these autocracies on the shores of Persian Gulf. Most come from India, Pakistan and Bangladesh.

Much has been written about the kafala system of sponsorship in relation to the building projects for the 2022 World Cup finals in Qatar. Kafala has been described by Human Rights Watch as a form of “indentured servitude” and it is Bangladeshi workers that tend to be the worst paid and worst treated. And not just in Qatar. The UAE too has an appalling record on worker and human rights. This is especially relevant given that Manchester City is owned by the Abu Dhabi royal family and, effectively, by the United Arab Emirates. Sheikh Mansour, the club’s owner, is one of the most powerful political figures in the country and many of the club’s board members are also deeply involved in an economy dependent on the kafala system.

So I wanted to explain how a worker comes to leave Bangladesh and arrive in the Middle East. Why do they leave? What happens on the way? And how are they treated when they get there? What I saw in Bangladesh was a broken system where some of the poorest people in the world are exploited on every step of the way by agents, employers and, in the end, whole countries.

An extract of my chapter was published by Middle East Eye and can be read here.

You can buy The Billionaires Club (UK) in hardback, ebook or auido book here.

For the rest of the world you can buy The Billionaires Club here.

New Book: The Billionaires Club

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For the past few years I’ve been working on a new book, which is out now.

The Billionaires Club is about the one per cent; the super-rich, the billionaire class who now control football.

Once upon a time football was run by modest local businessmen. Today it is the plaything of billionaire oligarchs, staggeringly wealthy from oil and gas, from royalty, or from murkier sources. But who are these new masters of the universe? Where did all their money come from? And what do they want with our beautiful game?

While almost cloaked in secrecy, the billionaire owner has to raise his head above the bunker when it comes to football ownership – a rare Achilles heel that allows access to worlds normally off limits journalists and outsiders.

I criss-crosses the world – from Dhaka to Doha, from China to Crewe, from St Louis to London, from Bangkok to Belgium – to profile this new elite, their network of money and their influence that defies geographic boundaries.

The Billionaires Club is part history of club ownership, part in-depth investigation into the money and influence that connects the super-rich around the globe, and part travel book as I follow the ever-shifting trail around the globe in an attempt to reveal the real force behind modern-day football.

At its heart The Billionaires Club is a football book, about some of the biggest clubs in the world. But it is also about something bigger: the world around us, the global economy, where the world is headed and how football has become an essential cog in this machine.

The book is out now in the UK, and will released in Australia early September and the US October 24th.

In the meantime I’ve been putting together some YouTube animations with uMAXit Football called “Meet The Billionaires”. First up: Stan Kroenke at Arsenal FC.