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    Champions League Final: Inter Milan Tries to Live in the Now

    Inter made the Champions League final with Italy’s oldest squad and its highest debts. Whatever happens in Istanbul cannot stop the financial squeeze to come.Barely six weeks ago, Inter Milan defender Milan Skriniar was lying in a hospital bed in France, recovering from spinal surgery. A lumbar issue had been bothering him for some time and, reluctantly, he had decided that endoscopic intervention was required. He had not played a second of competitive soccer since the early days of March, nor has he played since.Yet when Internazionale names its team for the Champions League final against Manchester City on Saturday — the club’s most significant game in 13 years — Skriniar will, in all likelihood, be among the available substitutes.His teammate Henrikh Mkhitaryan, the veteran Armenian midfielder, has not played for three weeks after picking up an injury in Inter’s semifinal win against A.C. Milan.His treatment began immediately: His thigh strain was being addressed even as the celebrations of that victory unspooled around him. Mkhitaryan has not yet been given medical clearance to train with his teammates. Still, there is a decent chance that he will be named in the starting lineup for the biggest game club soccer has to offer.Manchester City, the overwhelming favorite to win this season’s Champions League, arrives in Istanbul best represented by Erling Haaland: a perfectly tuned, purpose-built machine, running smoothly, silently, an irresistible masterpiece of engineering.Inter, on the other hand, is best represented by the likes of Skriniar and Mkhitaryan: It is a team that is creaking, straining, pushing at the outer limits of its ability, an avatar for a patched-up, jury-rigged sort of a club that is held together, these days, by little more than bandages and hope.Joaquin Correa and Inter held off their city rival A.C. Milan to reach the Champions League final.Gabriel Bouys/Agence France-Presse — Getty ImagesThere have, certainly, been less likely Champions League finalists than Inter, one of the great old names of European soccer: Bayer Leverkusen in 2002, perhaps, or Monaco a couple of years later, or even Tottenham in 2019. Few, though, made it to the game’s grandest showcase against a background of such uncertainty.It is not just that Simone Inzaghi, the club’s coach, presides over the oldest squad in Italy, a team in which the focal point of the attack — Edin Dzeko, 37 — might regard the cornerstone of the defense, the 35-year-old Francesco Acerbi, as a youthful ingénue.Nor is it simply that, for as much as half of the team, this may be the final hurrah in an Inter jersey: Skriniar is one of 11 players whose contracts will expire, or whose loan spells will end, at the close of the current season. That reality has left the club facing the prospect of having to restock its squad almost from scratch.Inter, though, has far graver concerns about its future. In 2016, Suning, the Chinese retail conglomerate, paid $307 million to take a 70 percent stake in Inter, a deal that was — at the time — seen as the spearhead of China’s sudden, lavish and state-approved investment in European soccer. The new ownership would, in theory, finance Inter’s return to the game’s head table. The team’s training facility would be upgraded. So, too, would the club’s offices. And, of course, the players would follow.Simone Inzaghi became Inter’s manager in 2021, after his predecessor quit rather than sell off his title-winning squad.Gabriel Bouys/Agence France-Presse — Getty ImagesRomelu Lukaku, right, left in that purge but has since returned. Lautaro Martínez chose to stay.Gabriel Bouys/Agence France-Presse — Getty ImagesSuning’s ownership has not, on the field, been disastrous. In 2021, Inter won its first Italian title in more than a decade. Inzaghi has subsequently added the Coppa Italia, both this season and last, to the club’s honors. Inter has become something of a mainstay of the Champions League; it made the round of 16 last year, and has reached the final this time.That relative return to success, though, has come at a cost. Inter is the most indebted club in Italy; according to its most recently published accounts, its total liabilities run at around $931 million. In the last two years for which information is available, it recorded losses of almost $430 million, leading to punishment from European soccer’s governing body. It fined the club 4 millions euros (about $4.3 million) for breaching fiscal controls last year, and it has threatened a bigger penalty (26 million euros, or roughly $28 million) if it does not get its finances in order.Inter has been caught in a sort of rolling financial crisis for several years, thanks to the combined impact of the coronavirus pandemic, the dwindling support of the Chinese state for investing in European soccer and, most notably, Suning’s own troubles.In 2021, the conglomerate had to accept a $1.36 billion bailout, financed in part by local government, in the face of its spiraling debts. The same year, it permanently closed its Chinese team, Jiangsu Suning, months after it secured the title, citing the need to focus exclusively on its core retail business. Last year, Steven Zhang, the 32-year-old son of Suning’s founder who serves as Inter’s president, was held liable for $255 million of debt and defaulted bonds in a Hong Kong court.If Inter has been shielded from the worst of the fallout — it continues to exist; its players still get paid — then it has suffered at least some collateral damage. Suning has been engaged, for years, in efforts to cut costs: In 2021, Antonio Conte, the coach who delivered the Serie A title, stepped down when it became clear that many of the players who had delivered the trophy would have to be sold.Inter’s two most valuable assets, the forward Romelu Lukaku, now returned to the club on loan, and the defender Achraf Hakimi, left anyway. To save its investment, Suning secured a $294 million loan from Oaktree Capital, a California-based asset management firm, to help with the club’s running costs.Ever since, Inter’s days of plenty have receded further and further into the past. This season, it spent several months playing without a sponsor on the front of its jersey, a significant and ordinarily reliable source of income for all of Europe’s major teams, after DigitalBits, a cryptocurrency firm, failed to make scheduled payments on its $80 million agreement.Inter’s blank jerseys were a throwback look for the latter stages of the Champions League, but the reason behind them was a problem.Gabriel Bouys/Agence France-Presse — Getty ImagesOn Saturday, Inter’s jerseys will instead bear the logo of Paramount+, the streaming service that broadcasts both Serie A and the Champions League in the United States. The arrangement is the product of a last-minute deal reportedly worth $4.5 million. For the same fee, Paramount’s branding will appear on the backs of Inter’s jerseys next season.That sum, though, does not begin to address Inter’s problems. The loan to Oaktree is due next May. With interest, the total sum to be repaid stands at around $375 million. The revenue from Inter’s unexpected run in the Champions League will certainly help with that, but so, too, would acquiescing to another fire sale of talent.If the club cannot meet its obligations, Suning will automatically cede control of the club to its creditor. “Paying a debt at the level of interest that the club is paying Oaktree is not sustainable,” Ernesto Paolillo, the club’s former general manager, said last month. “Steven Zhang won’t be able to export capital from China and nor will he be able to cover the debt with other resources. He will have no choice but to default on the agreement and sell the club to them.”“It’s not our plan,” Oaktree’s managing director, Alejandro Cano, said in March, when asked if the firm’s intention was to take control of the club. “We want to work as excellent partners and offer support. But who knows?”Suning reportedly has opened talks with Oaktree to extend the loan, but it has also started exploring another possibility: an outright sale. Zhang has twice denied that Inter is on the market, insisting last October that he was not “talking with any investors” and reasserting in April that he had “not had talks with anyone.”Inter’s president, Steven Zhang, with Inzaghi after the club won the Coppa Italia final in May.Daniele Mascolo/ReutersIn September 2022, though, the boutique investment bank Raine — the firm that handled the sale of Chelsea to Todd Boehly and Clearlake and which is currently overseeing the Glazer family’s efforts to divest itself of Manchester United — won the mandate to seek new ownership for Inter.Several parties have expressed an interest in buying the club, according to executives with knowledge of the talks who insisted on anonymity to discuss the sensitive discussions. A handful, largely drawn from the United States and including both private families and equity investors, have been given a tour of Inter’s facilities and a broad rundown of its accounts.So far, though, there has been one major sticking point: the cost. Suning values the club at around $1.2 billion, not coincidentally the exact amount that RedBird Capital Partners paid to buy A.C. Milan last year. Given the realities of Inter’s financial position, nobody has yet been willing to bite.That has left Inter in purgatory. In negotiations, the club remains defiant: Those who have worked on transfers with Inter in recent months have noted that at no point have its executives pleaded poverty. The club retains an undeniable, undimming appeal, too. Lautaro Martínez, its World Cup-winning striker, was presented with a chance to leave last summer but chose to reject it, so settled did he feel in the city and at Inter itself.Pride, though, does not pay the bills. There have been times when cash has been in such short supply that the club has not been up-to-date on its share of the payments for the architects and designers working on the stadium it is intending to build, together with A.C. Milan, not far from San Siro.Inter, perhaps, cannot afford to think about the future now. It arrives in the Champions League final battered and bruised, taped and strapped, aging and fading. There is a chance — slim, but a chance nonetheless — of glory in the immediate present. What it means, where it goes from here, can wait for another day. More

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    Inter Milan, Finding a Way, Reaches Champions League Final

    Lautaro Martínez scored late in the second half to give Inter a date with Real Madrid or Manchester City in next month’s final in Istanbul.Simone Inzaghi has spent most of his season on the brink. His Inter Milan team had been sufficiently erratic that the club appeared of the mind to end Inzaghi’s tenure as manager if he failed to make it past the last 16 of the Champions League. He survived that. Most assumed it was simply delaying the inevitable. The ax would fall if — maybe when — Inter fell in the quarterfinals.A month or so later, the shadow that has trailed Inzaghi for so long has disappeared, and there is nothing left but light. Over the course of two legs — both held at San Siro — his Inter team swept past its neighbor, rival and housemate, A.C. Milan, to reach its first Champions League final for 13 years. Its berth in the final — sealed with a 1-0 victory on Tuesday, and a 3-0 triumph on aggregate — marks not only the finest achievement of his career, but one of the most improbable adventures the competition has seen.LuLau with the dagger. 🥶 pic.twitter.com/fsynbEohaK— CBS Sports Golazo ⚽️ (@CBSSportsGolazo) May 16, 2023
    Inter will, of course, be seen as little more than cannon fodder for either Manchester City or Real Madrid, two very modern powerhouses, in the final. But even that underdog status does not quite capture the sheer improbability of the club’s presence in the biggest annual game in world soccer.For years, Inter has been facing mounting financial problems. Its debts reach into the hundreds of millions of dollars. Its owner, the Chinese businessman Steven Zhang, has been seeking to sell the club for several seasons, even before the coronavirus pandemic ravaged Inter’s accounts.Quite how desperate the situation has become was neatly illustrated by the club’s blank jerseys for both semifinals against Milan. Inter does not currently have a primary sponsor; the cryptocurrency firm that had occupied that prestigious advertising real estate having failed to make its payments earlier this year.Inter’s Edin Dzeko, who scored a vital goal in the first leg. Isabella Bonotto/Agence France-Presse — Getty ImagesThe straitened finances are manifested in the club’s squad, which lacks the star power of most Champions League finalists. Other than its captain, Lautaro Martínez, and the midfielder Nicolò Barella, Inter does not possess a slew of assets the rest of Europe’s giants would covet. Inzaghi, instead, has had to work with a selection of veterans, castoffs, hopefuls and journeymen.And yet, against Milan, it produced a performance of remarkable poise and control. Edin Dzeko and Henrikh Mkhitaryan had effectively settled the tie last week, scoring two goals inside the first 11 minutes inside the same stadium, and Milan rarely threatened to mount a comeback in the return. Inter may lack glamour and flash, but few teams in Europe have quite so much grit and grizzle.Martínez’s goal, late on, sparked wild celebrations among Inter’s fans, but in truth they might have started booking their flights to Istanbul long before it went in. None of them would have expected this to be how their season ended: a team seen as a makeweight, at least in Europe, thrust onto the greatest stage of all. Inzaghi, though, has taken them to the brink. More

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    The New A.C. Milan Picks Up Where the Old One Left Off

    Is there muscle memory to Champions League success? An Italian giant, no longer fallen, is hoping to draw on its own.Stefano Pioli could feel it, even if he could not quite define it.In the nicest possible way, Pioli has made several journeys around the block as a soccer manager. At 57, he has been coaching in the volatile, capricious world of the Italian game for two decades. His current job, at A.C. Milan, is the 13th of his career. There is very little, these days, that counts as new to him.The couple of weeks leading up to and surrounding Milan’s Champions League quarterfinal against Napoli last month, though, were different. Quite what it was is difficult for him to identify. It manifested not just in the atmosphere in the stadium — unique, Pioli called it — but in an energy that infused the club’s inner sanctums, too.He came to understand it, eventually, as a sort of institutional muscle memory. For a long time, Milan’s present has felt just a little unworthy of the club’s past. Milan has felt, in recent years, like a club diminished, almost a relic of another age. Only Real Madrid has won more European Cups than A.C. Milan, but for 16 years Milan had not so much as made a semifinal. That is, technically, not quite a generation. In soccer time, it may as well be the Pleistocene.The mere promise of a return, though, brought everything flooding back. For Pioli, as for most of his players, it was virgin territory. For the fans, for the staff, for the directors — among their number the likes of Paolo Maldini, seemingly barely aged from his playing days — it was reassuringly familiar.“This club is used to these moments, these emotions,” Milan Manager Stefano Pioli said.Luca Bruno/Associated PressIt manifested not as a mass, Pioli said, but a force. For those games against Napoli, he said, the pressure of history “gave us more faith, more strength, more conviction.” The idea that a soccer club, with its ever-rotating cast of characters, might have some sort of vestigial memory baked into its bedrock is not poetic fantasy. “It exists,” Pioli said. “This club is used to these moments, these emotions. It knows how to be a protagonist.”For Milan, this is the stage on which it belongs. Its return represents a revival, a restoration of its grandeur, blurred but never quite lost in the tumult of the last decade or so. Even the opponent that lies in wait — its city rival and current San Siro housemate, Inter — brings the memories of how things used to be flooding back.The clubs have been here before: They were paired together in the semifinals in 2003, and again in the quarterfinals in 2007. (The auguries are good for Milan — on both previous occasions, it progressed — but not great for neutral observers: none of the four games, all home and away and yet held on precisely the same turf, could be described as a classic.)And yet the rivalry’s return is not testament to how little has changed, but how much. The Milan that took the field in 2007, on its way to winning its seventh European Cup in Athens, was the last incarnation of the club’s imperial phase: Maldini and Alessandro Nesta in defense, Andrea Pirlo in midfield, Kaká and Filippo Inzaghi upfront. It was still, recognizably, the team that Silvio Berlusconi had built, the fruits of the first modern superclub: experienced, authoritative, impossibly glamorous.The Milan that will face Inter at San Siro on Wednesday, and then again six days later, is quite different. Milan’s time in the doldrums — the years in which it was sold by Berlusconi, bought by a mysterious Chinese investor, salvaged by an activist hedge fund, and eventually purchased by an American consortium — have necessitated a complete change of approach.Where once Milanello, the club’s training facility, was famous for its ability to eke a few more years out of aging stars, the focus is now on youth. It is with great pride that Pioli points out — more than once — that his Italian championship-winning team of 2021 was “the youngest squad in history” to claim the title. That Milan returned to the pinnacle is the most important thing. But how it got there matters, too.The modern Milan is a blend of old (forward Olivier Giroud) …Marco Bertorello/Agence France-Presse — Getty Images… and new (forward Rafael Leão).Alberto Pizzoli/Agence France-Presse — Getty ImagesInter, notably, has refused to countenance such a switch of focus, rejecting the idea of abandoning its long-held status as one of Europe’s handful of destination clubs. “Inter is a very strong club, which rarely sells its best players,” Inter’s chief executive, Giuseppe Marotta, said last year, seemingly affronted by the idea that players might use it as a way station on their journeys to Real Madrid, Paris St.-Germain or the Premier League.Milan, by contrast, has bowed to reality, and sought to use its new place in the pecking order to its advantage. Under successive owners — first Elliott Investment Management, the activist fund, and now Red Bird Capital, backed by Gerry Cardinale — it has adopted a data-infused approach, based around locating the underappreciated and overlooked and burnishing them to a sheen.The midfielder Brahim Díaz came from the ranks of Real Madrid’s stand-ins. The versatile Malick Thiaw was plucked from Germany’s second tier. The defender Pierre Kalulu was playing for the French club Lyon’s second team. Milan has accepted that the world has changed. “A club has to have a project,” Pioli said. “Ours was very clear: to invest in young players with talent, and then give them time to grow.”A sprinkling of stardust remains, a ghost of the old glamour, in the form of Zlatan Ibrahimovic — now largely an immaculately-dressed cheerleader — and the ageless Olivier Giroud, but they have been scattered judiciously through the squad, given a role that is, at least in part, pastoral.“The club was smart in making sure there was a mix,” Pioli said. “That’s why we have been able to get such good results in such a short space of time. Sometimes, a coach can say something and it has an impact. But sometimes, when it is a teammate, a champion, it helps, too. It is all done with the same aim in mind.”Milan’s San Siro has two home teams in the Champions League semifinals. Only one can advance to next month’s final in Istanbul.Daniele Mascolo/ReutersThat aim has, broadly speaking, been an act of restoration. For most clubs, winning the championship would have been enough. Milan, though, belongs to that slim category of teams — along with Real, Bayern Munich, and to some extent Liverpool — that draw their identity less from domestic affairs and more from continental triumphs. The semifinals of the Champions League, and beyond, is where Milan, historically, feels at home.The place looks very different these days, of course. For all the mounting frenzy, the churning anxiety in Milan at the prospect of a winner-takes-all derby unspooling over the next week, received wisdom has it that both are playing for a silver medal. Whoever wins, the overwhelming favorite for the final will be whichever team emerges from the meeting of Real Madrid and Manchester City in the other semifinal. Unfeasible as it would have seemed in 2003, Italian soccer is an underdog now.Pioli, though, is undaunted. Economically, the teams of Serie A can no longer compete with even the small fry of the Premier League: Milan found itself outbid by Bournemouth, no less, when both were chasing the Italian midfielder Nicolo Zaniolo in January. Italy’s shine has faded, and its power has dimmed. This Milan is not a reprise of the glory days when Serie A towered over the world, but something closer to a requiem for them.“But when that is true, you have to be innovative,” Pioli said. “With ideas, with quality of work.” Necessity, he said, has been the mother of invention. “It has become an undervalued championship, in my mind,” he said. “There are lots of different ideas, different styles, lots of confrontations with teams and coaches who have different systems of play or how they interpret games.”That, in turn, has helped the new breed of Italian teams — their squads diminished, perhaps, from the days when they acted as a roll-call of global superstars — to begin to make up for the financial shortfall.They may not have the best players any more. They may not have the luster they once did. In the bright, harsh light, a team as grand as A.C. Milan might even come to look like a minnow. But they have, Pioli said, a “knowledge” rooted in the variety of challenges they encounter domestically, one that means they are “prepared” for whatever Europe can muster.“Calcio has suffered for a few years,” he said. “But now it is ready to be a protagonist again.” More

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    The Champions League Ventures Down Memory Lane

    Real Madrid-Manchester City is the headliner. A.C. Milan-Inter is the classic.The blockbuster matchup, no question, is the one that pits the establishment against the insurgent, the old guard against the new wave, the incomparable past against the inevitable future.Real Madrid against Manchester City has Pep Guardiola, Luka Modric, Erling Haaland, Karim Benzema. It is the team with more European Cups than anyone else against the team that wants a European Cup more than anyone else. It is a sequel, of course, but the Champions League — like Hollywood — loves a sequel. It is pure box office.It might, then, seem both distinctly counterintuitive and obviously pretentious to suggest that the other Champions League semifinal might somehow be more alluring. A.C. Milan against Inter Milan is very much the art-house offering, the feature directed at a niche, self-selecting audience. (Unless you are, of course, Italian.)It will not, make no mistake, have quite the production values of the show on offer at the Bernabéu and the Etihad. The cast list is not quite as glittering. And despite featuring two rivals so local they share a stadium, it does not offer quite such a straightforward, compelling narrative.Real Madrid against Manchester City, at heart, is about revenge and it is about power. It offers an insight into the ever-mutable nature of the Champions League, and by extension European soccer. There are conclusions to be drawn from its outcome.Diego Milito and Inter won the 2010 Champions League final.Christophe Simon/Agence France-Presse — Getty ImagesInter versus Milan, on the other hand, has just kind of happened. It is not to diminish their achievements to suggest that neither team expected, realistically, to be here. Their presence in the final four is not a consequence of rich form or stellar seasons; both have performed modestly in Serie A this season.It cannot even be read in good faith as proof of the resurgence of Italian soccer, which remains mired in debt, hidebound by bureaucracy and hamstrung by grinding conservatism. As the magazine Rivista Undici pointed out this week, nobody seriously believes that Serie A is now the best domestic competition in Europe because it provided three of the eight Champions League quarterfinalists this season. The successes of Inter, Milan and Napoli belong to the clubs themselves, not to the league as a whole.But for all that, the matchup’s appeal is undeniable. First and foremost, of course, it is a derby, one being played out over two of the biggest games of the club season. It is what was described, the last time it happened, as the “longest derby in the world,” a week of worry and stress and hope from which both heroes and villains will emerge.That it is fresh helps, too. No Italian team has reached the semifinals since Roma’s equally unanticipated surge in 2018. Neither Milanese side has made it this far since the last time they won the competition: Inter in 2010, Milan in 2007.Inter is the last Italian team to win the trophy.Mladen Antonov/Agence France-Presse — Getty ImagesThe Champions League has long felt like a private club. The two sides of this rivalry, the Derby della Madonnina, make unlikely interlopers. Milan, with seven titles, has won the European Cup more than anyone except Real Madrid; Inter is eighth on the list, with three. Neither would accept the role of underdog either naturally or willingly, even as their presence is an infusion of new blood that the tournament needed.But most of all, for a certain vintage of fan, it has to do with memory. It was 2003, the last time these two teams were drawn together at this stage of this competition. (They would meet again, in the 2005 quarterfinal, a tie that A.C. Milan won with ease.)Back then, it was far closer to a curiosity than a miracle. Serie A, after all, was regarded as the finest league on the planet, and had been for 20 years or so. Milan — or at least the combined geography of Piedmont and Lombardy — was Italian soccer’s capital, and by extension the mistress of the world. That Inter and A.C. Milan might stand in each other’s way was only a matter of time, part of the natural order of things. A.C. Milan scraped through, that time. It beat another Italian team, Juventus, in the final.It is hard to pinpoint, precisely, when that world ended. Eras, in soccer, do not divide as neatly as journalists, historians and the subset of fans who think about these things like to pretend. Italian clubs won the Champions League three times in the first decade of this century: Milan twice, in 2003 and 2007, and Inter in 2010. Juventus made the final in 2003, too, and Milan in 2005.Filippo Inzaghi scored when Milan last won the Champions League, against Liverpool in 2007 in Athens.Paul Ellis/Agence France-Presse — Getty ImagesAnd yet, by the time of Inter’s victory, few would have pronounced Serie A the best domestic competition on the planet. That title had passed first to the Premier League, and then, thanks to Lionel Messi and Cristiano Ronaldo, to La Liga.(It would return to the Premier League, by common consensus, no later than 2016. But again: In that time, English sides have won the Champions League twice. Real Madrid has delivered four more trophies for Spain. These things are unhelpfully messy.)Likewise, there is no single explanation for why or how it happened. Serie A lost its primacy in the same way that Hemingway wrote about going bankrupt: gradually, then suddenly. The stadiums started to look a little outdated, and then the style of play did as well. The debts piled up. The television product grew stale, the revenues dwarfed by those on offer in the Premier League.The players, as players do, gravitated to where the money was, and the money was in England and in parts of Spain. Violence flared with ever greater frequency in the stands. Attendances started to fall. Patches of empty seats appeared on screens.And against that backdrop came Calciopoli, the great referee-influencing scandal of 2006, dripping poison and doubt into Italian soccer’s bloodstream. Juventus was disgraced. Others were stained. Everyone suffered. Serie A was faded and diminished and now it was tarnished, too. It has never really recovered.That there is a Milan derby in the semifinals of the Champions League — that, for the first time since 2017, there will be an Italian team in the final in Istanbul — is not a remedy for that decline.Only Real Madrid (14) has more Champions League titles than A.C. Milan (7).Franck Fife/Agence France-Presse — Getty ImagesThe Serie A that has emerged from the ashes of its past has plenty of attractive qualities. It is on course for a fourth winner in four years. It has a competitive balance that few of its peers can match. It is home to bold, intelligent coaches, giving rise to an enticing heterogeneity of style, and it has more than a few owners seeking to introduce a degree of innovation.But it is not on the cusp of reclaiming its place at the summit of world soccer; that crown is awarded not by artistic merit or even by popular acclamation but by brute economic power. Serie A was not king in the 1990s or 2000s because of the weather, or the food, or some innate cultural supremacy. It just paid more. Now the deepest pockets are in the Premier League, and that is not going to change anytime soon.It is there, though, that lies the appeal of Milan against Inter, twice in six days, for a place in the biggest game of the year. It is a break from the present, a chance to drift just a little in a past that has disappeared. There was no notice issued when Serie A slipped — or stepped off — its pedestal. There was no opportunity to say goodbye. Now, two decades later, there is an unexpected reminder of how the world used to be, before things moved and shifted and changed forever, when the light in Italy just seemed a little brighter than anywhere else.Details, DetailsAt Bayern Munich, it’s back to the drawing board.Leonhard Simon/ReutersBayern Munich will not take this well. It is less than a month since the club fired Julian Nagelsmann, a manager it had paid more than $25 million to hire, at least in part because he went skiing at a time deemed inappropriate. The club is unlikely to shrug its shoulders at being eliminated from not only the Champions League but the German cup, too, in the space of a few days.Thomas Tuchel, freshly installed as Nagelsmann’s replacement, should be safe for now, but all around him will be a blur of change. Oliver Kahn, the iconic goalkeeper turned chief executive, is under scrutiny. Hasan Salihamidzic, another former player and now Bayern’s sporting director, will not be resting easy. Herbert Hainer, the club’s president, already has hinted that there will be churn in the squad, too.Whether any of this will have the desired effect is a different matter. There was a sense, watching Manchester City hold Bayern at bay on Wednesday evening, of two clubs moving in opposite directions. An era that belongs to City, and to its fellow avatars of the new soccer, is doubtless beginning. The one dominated by Bayern and its ilk is slipping into the past.And yet the whole picture is much more complex, and substantially simpler, than that.No, Bayern cannot compete with City, not in the long term: The combined forces of Bavarian corporate culture are no match for that particular blend of Premier League wealth and nation-state resources. The days when Bayern could function essentially as a Bundesliga All-Star team — plucking the finest players from its rivals to perpetuate its domestic dominance and its European relevance — are over. Like Juventus and Barcelona before it, Bayern Munich will at some point bow to, or be bowed by, England’s economic primacy.But decade-spanning macroeconomic trends are not easily distilled into roughly two hours of soccer. Even in a game that seemed to define the direction of the whole sport, the margins were impossibly fine. In this case, it came down to the fact that City has a fearsome goal scorer — Erling Haaland, you may have heard him mentioned — and Bayern, essentially, does not. Tuchel’s team created half a dozen good chances before Haaland scored in Munich. It just did not take any of them.And, frustrating though that might be, it is also a significantly easier problem to solve than the imbalance in financial prowess between the European continent and the acquisitive, swashbuckling utopia that sits shimmering just off its shores. (The Premier League, that is. Other adjectives are available for the current state of Britain.)Should Bayern secure the services of Victor Osimhen or Randal Kolo Muani this summer — or even, the club’s ultimate dream, Harry Kane — it will certainly be back in the quarterfinals of the Champions League next season, and there is a better than even chance the outcome will be different. Long term, big picture, Bayern cannot keep up with the wealth of the Premier League in general, and Manchester City in particular. But then it does not need to, not really. It just needs to be able to overcome it for 90 minutes at a time.Correspondence: Your Ideas, RatedThe good news: Many, many of you have been in touch to pitch ideas for how soccer might follow baseball’s example and tweak its rules to make the game more engaging for idle teenagers. Not quite as many as got in touch to tell me about why banning the shift in baseball is a good thing, but still, a lot.The bad news: None of you got the correct answer, which was Extra Time Sudden Death Multi-Ball, so nobody wins the special prize of an afternoon of blue-sky thinking with Gerard Piqué.There were, alas, too many emails to address every suggestion, so here is a fairly representative selection, each condensed into a pearl of wisdom and then assessed by an expert panel — me, talking to my dog — who considers the suggestion’s merit and then makes a slightly condescending remark about its viability.Paul Kassel: “Shrink the field. It would compel tighter passing, fewer over-the-top balls that go nowhere, a bit more chaos. It would speed up the game, and likely increase scoring.”I like the theory, but if anything I’d go the other way: Teams are too well-organized now, so let’s space them out a bit. Grade: B.Charles Kelly: “The most obvious way to restore any modicum of sanity to the offside and handball rules is to restore their enforcement to the judgment of the referee. Accept that such calls are a judgment. Will some judgments be wrong? Of course. That’s the nature of judgment, and reasonable people know and accept that.”Thoroughly sensible, certainly for offside. Handball would be better served if there had to be deliberate motion toward the ball, as was the case at some point, I think. All of this falls down on relying on people to be “reasonable,” obviously. Grade: A for idea, F for execution.The referee will hear your complaints in order. Please take a number.Azael Rodriguez/Getty ImagesKirk Farmer: “I would change the offside rule so that a player is onside if any part of his/her body is even with the defender.”Wouldn’t we all, Kirk? Well, you, me and Arsène Wenger, which is not a bad group to be in, unless you’re Wenger. Grade: ASteve Elliott: “Some league somewhere should stop awarding points just for showing up, and say to get points in the table, you need to score goals on the field. No points for a goal-less draw.”Hard pass, I’m afraid, Steve, but there is the kernel of an idea here. Could an away draw earn more points than a home draw? Could scoring three goals or more earn a bonus point? Grade: C for you, D for me.Gregory Crouch: “Punish time-wasting by adding all those extra minutes like they did at the World Cup. Punish intentional tactical fouling more harshly.”Yes to both. But you lose points for the third suggestion, omitted here, of making refereeing more consistent. Too vague. Grade: BLaura Goldin: “How about enforcing the six-second rule that is supposed to be how long the keeper can handle the ball?”This was the rule for at least a decade, and as far as I know, still is. We just seem to have stopped enforcing it. Grade: A, with an asterisk because it already exists.Fred D’Ambrosi: “The solution to soccer’s problems is the salary cap. It will never happen, but leveling the playing field solves many more problems than cutting the game time by 30 minutes.”A salary cap or some other alternative that bridges the massive, yawning rift between the rich and everyone else and that we have, for some reason, all decided is actually great? If anything, this idea is insufficiently outrageous. Grade: A More

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    Benfica, Enzo Fernández and a Champions League Question: What If?

    The Portuguese giant knew selling Enzo Fernández would make it harder to win Europe’s richest prize. But cashing out early is a story the club knows well.On the night Enzo Fernández left Benfica, nobody mentioned his name. As they gathered in the changing room before their game on the last day of January, his soon-to-be-former teammates would have known roughly what was happening. The club was settling the finer points of Fernández’s $130 million transfer to Chelsea. The player was awaiting permission to fly to London.The silence, though, was not rooted in discomfort. Fernández’s absence did not weigh especially heavy on Benfica’s squad. They were not fretting about how they would cope without him, or lamenting the loss of a core part of their team and a starlet regarded as one of the finest midfield prospects of his generation.Their coach, Roger Schmidt, did not feel the need to take his players aside to discuss it with them, or to address it in his pregame talk. The 56-year-old Schmidt has always hewed to the legendary German coach Sepp Herberger’s rather gnomic adage: Der ball ist rund.Schmidt does not worry about what might lurk behind a silver lining. A crisis is just an opportunity in disguise. One player goes, another takes their place. The ball keeps rolling.Benfica’s players, of course, are used to it by now. No club has mastered the buy low, sell high dynamics of soccer’s transfer market quite like Benfica. Increasingly, in recent years, it has been held up as a paradigm of how a club outside the opulent halls of the game’s cash-soaked elite ought to be run.Across the Tagus River from Lisbon at Seixal, the club has built an academy that is the envy of Europe. On the sprawling, modern campus, Benfica has tapped an apparently bottomless seam of prodigies: Renato Sanches, Bernardo Silva, João Cancelo, Rúben Dias and João Félix all trace their rise to their early days at this cradle of greatness.And what the club cannot grow, it has shown a remarkable aptitude for obtaining. Benfica has established itself as a first port of call in Europe for players emerging from South America, in particular, serving as a showroom and a springboard for the likes of Ángel Di María, David Luiz, Éderson, Darwin Núñez and, of course, Fernández himself.Each has been plucked from comparative obscurity at competitive prices and later sent on their way to superstardom for a king’s ransom. Since the turn of the century, Benfica has made somewhere in the region of $1.5 billion from player sales. Since 2019 alone, the year it sold not just Félix but also the Mexican striker Raúl Jiménez and the Serbian forward Luka Jovic, it has brought in $575 million.That is a source of considerable pride inside the club. As a sports team, Benfica cherishes each of those alumni, especially those who started out at Seixal, basking just a little in their reflected glory. As a business, the club has set its target on ranking as “the first club in terms of total revenue outside of the big five leagues,” Benfica’s chief executive, Domingos Soares de Oliveira, said.Carl Recine/ReutersPeter Powell/EPA, via ShutterstockFormer Benfica players in the Champions League this season include Manchester City goalkeeper Ederson, top left, Liverpool striker Darwin Núñez, above right, and Chelsea’s Enzo Fernández and João Félix.Hannah Mckay/ReutersAll of its achievements, though, are tinged with just a little regret.“Of course we do not like to do it,” Soares de Oliveira said. “The main purpose of a club is to win. Everything we do is to win, to meet the expectations of our members. If we had kept Dias, Cancelo, Félix, Enzo — we could have an ambition to win anything on an international level.”It is not that Benfica has not won, either, even as it has transformed itself into European soccer’s most prolific and most profitable trading post. The last decade alone has brought five more Portuguese titles — more than F.C. Porto and Sporting Lisbon, the club’s two greatest domestic rivals — and it has long been a fixture of the group stages of the Champions League. More recently, it has started to make inroads into the knockout phase.It is just that, if the economics of the game were less brutal, Benfica might have won so much more. This season provides a case in point. With Barcelona, Liverpool and Paris St.-Germain eliminated, there is a freshness to the Champions League for the first time in years.Benfica, once again, has made the quarterfinals. This time, though, it can see a comparatively clear path to glory. It faces Inter Milan over the next two weeks. Survive that and another Italian side — Napoli or A.C. Milan — will be all that separates Benfica from an eighth European Cup final, its first since 1990.That prospect would seem significantly closer if Schmidt was still able to call upon Fernández, a player plucked from the Argentine club River Plate for an initial $12 million last summer. Fernández had only made 29 appearances for the Portuguese team when he left for the World Cup in November. He came back from Qatar as one of the most coveted players on the planet.Benfica said it had little choice but to let Fernández walk away after his star turn at the World Cup sent his price soaring past $100 million.Bernadett Szabo/ReutersBenfica did not want to sell him in January. It did not “need” to sell him, either, according to Soares de Oliveira. The money from the sale of Nuñez to Liverpool last summer had bought Benfica some time. “I told Chelsea that,” he said. The club had hoped to hold on to Fernández for another six months, at least.At that point, though, the “will of the player is relevant,” Soares de Oliveira said. And Fernández wanted the move.“The Premier League generates so much money,” he said. “The salaries are several times higher. It makes it very difficult to retain a player.” Benfica, he said, has no interest in keeping hold of those who no longer wish to represent the club.The scale of the deal provided something of a solace, of course. Though Benfica had to pay a considerable fee to River Plate, thanks to a sell-on clause inserted into Fernández’s original contract, it still made something in the region of $70 million in profit in the Chelsea deal. It is yet another feather in the club’s cap. But that is not, really, the metric by which Benfica wants to be judged.“It is not about trading players or profit,” Soares de Oliveira said. “We would prefer to have the player six months later than have to sell him. But we cannot say no.”All it can do, instead, is chart a steady course through the churn. Schmidt has tried to be as phlegmatic as he can about the whole thing. He encouraged some players to use Fernández’s departure as a launchpad: The deal came too late in January for Benfica to source a replacement, so someone had to step up and take his place.So far, that honor has fallen to Chiquinho, a 27-year-old who has spent the last year or so out on loan. He was part of the team that helped Benfica navigate smoothly past Club Bruges in the round of 16 of the Champions League. He will, most likely, be present as it attempts to pick its way past Inter, and into the semifinals, to the foothills of the improbable.That is how it has to be, at Benfica. The ball keeps rolling. The club is used to players leaving. It tries not to let departures sidetrack them from all that it wants to achieve. But occasionally, Benfica wonders, too, if it might be a little better if it did not have to be this way.Tariq Panja contributed reporting from London. More

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    The Enduring Appeal of Ronaldo, Soccer’s Original Phenomenon

    The Brazilian striker’s lasting power lies not so much in a deep trove of highlight clips, but in what he showed was possible.It is not, by any means, Ronaldo’s most significant goal. That title, by virtue of the status of the stage on which it occurred, must go to his second in the 2002 World Cup final, the one that steered with geometric precision past Oliver Kahn to restore Brazil to the pinnacle of global soccer and to crown his personal journey to redemption.Nor is it his most beautiful. It is not, for example, the equal of the thunderbolt that completed his hat-trick at Old Trafford in 2003; or the elastic double shimmy that left Luca Marchegiani, the Lazio goalkeeper, clawing at air in the 1998 UEFA Cup final; or the blend of drive and delicacy that allowed him to barge through the entire Valencia defense in 1996.In mitigation, the list of great Ronaldo goals is an unusually packed field, best illustrated by the fact that none of those already mentioned are regarded as Ronaldo’s masterpiece, either. That honor, instead, goes to the moment when he sprinted from the halfway line, the ball at his command and the entire Compostela team in his wake, during that year at Barcelona when it seemed he could do almost anything.El martes volverá @Ronaldo al Camp Nou, ahora como presidente del Valladolid.🔝⚽ ¿Es este su mejor gol con el Barça?HILO👇👇👇 pic.twitter.com/VdI98YMoWo— FC Barcelona (@FCBarcelona_es) October 26, 2019
    That may be the goal that best explains the enduring appeal of the player who, in recent years, has come to be known variously as the “Brazilian Ronaldo,” the “original Ronaldo,” or even, particularly in Italy, as “Ronaldo Fenomeno.”The goal truly worth remembering is a fairly typical sort of a strike. In the second half of a UEFA Cup match between his Inter Milan team and Spartak Moscow, on a bitterly cold afternoon in April 1998, Ronaldo picks up the ball from a Luigi Sartor throw-in, bounces off one challenge, exchanges passes with Iván Zamorano, slips through three more defenders, and slots his shot into a corner of the goal. He wheels away, arms outstretched, crucifix bouncing on his chest.To the modern eye, the backdrop the goal is set against is extraordinary. Most of the Spartak Moscow players appear to be wearing wool gardening gloves. In one corner of the stadium, there is a detachment from the Red Army, complete with what looks like an armored personnel carrier.But it is the field that is the star of the show. The parts that do not look as if they have been recently plowed are filled not with grass but sand: huge expanses of it, giving the playing surface the same aesthetic appeal of a particularly lurid tie-dye shirt. The few flashes of green, the straggling survivors of the Moscow winter, were later alleged to have been painted, rather than grown.Fields like that do not exist in European soccer anymore, certainly not in the semifinals of major competitions. (Spartak’s white uniforms, in the footage, are spattered with mud, which is quite jarring; there is, when you think about it, very little mud in elite soccer these days.) The setting places the occasion firmly in the sport’s past. That he can navigate it so easily, though, makes Ronaldo look like an emissary from the future.Ronaldo at Real Madrid, one of the places where, for a time, there was seemingly no stopping him.ALEXANDER NEMENOV/AFP via Getty ImagesDecades, as the author Chuck Klosterman notes in “The Nineties,” his treatise on the 20th century’s final act, do not run along strictly temporal lines; they are, in his view, related instead to perception. In Klosterman’s telling, the 1970s started at Altamont, in 1969, and the 1980s drew to a close with the fall of the Berlin Wall, a couple of months before that decade’s scheduled end.Soccer is no different. Its 1990s begin as early as 1986, with the Hand of God, and end 12 years later, when Ronaldo — the heir to Diego Maradona as the greatest player in the game — fails to arrive at the World Cup final with Brazil, the exact reasons for which remain contested, even now, almost a quarter of a century later.In the last couple of years, the sport has started to nurse something of a fixation on that period, what might be termed its early modern age. It has manifested in a slew of jerseys, all of them drawing inspiration from that era’s designs; in a slate of books charting the rise of the Premier League, in particular; and, increasingly, in documentaries, a trend encapsulated earlier this year by Netflix’s examination of Luis Figo’s move from Barcelona to Real Madrid, and now by “The Phenomenon,” a DAZN Original focused on Ronaldo that is set to be released this month.That appeal cannot be explained solely by the fact that making sports documentaries is substantially cheaper, but no less likely to command an audience, than buying live media rights. Nor is it purely an example of what should be referred to as Freeman’s Law: the theory, posited by the journalist and author Hadley Freeman, that popular culture exists on a 30-year loop, as children grow up, take control of the creative industries, and decide that everyone else has to relive an ersatz version of their youth.Getty ImagesThere is, instead, something deeper at play. Klosterman characterizes our view of the 1990s as a “good time that happened long ago, though not as long ago as it seems.” Many of its cultural touchstones — “The Simpsons,” “Friends,” the German pop sensation Haddaway — remain so familiar as to feel almost (but not quite) current, while much of its reality seems impossibly distant. People did not have the internet in the 1990s. They bought CDs.That same effect applies to soccer. Ronaldo and his peers are current in a way that Maradona, say, is not; they featured in video games and had their own special boot deals and struggled to escape the paparazzi.But we were not nearly so exposed to those stars as we are their successors. The 1990s, Klosterman writes, “were a decade in which it was possible to watch absolutely everything, and then never see it again.”Watching Ronaldo play even on television was a relatively rare occurrence, certainly before the waning days of his career. His every appearance was not broadcast around the world. His iconic goals were not played on a loop, endlessly, from the moment they hit the net. There is a fuzziness, a mystery, to him — and to the age in which he played — that subsequent generations do not possess. There are, still, unanswered questions.They are important ones, too, because it is in soccer’s long 1990s that we see the roots of the game as we experience it today. It was not just the era in which soccer fully fused with celebrity for the first time, when the final vestiges of isolationism and national identity were abandoned, when transfer fees and salaries spiraled out of control, when what had been sport became entertainment.It was also, in a sporting context, when the ideas that would shape the game’s future took hold. Some of that was administrative — the change in the backpass law, for example, had to happen for pressing to come into being — and some of it was philosophical, as the thinking of Johan Cruyff leached down to Pep Guardiola, among others.But at least part of it was embodied by Ronaldo. As his former teammate Christian Vieri puts it in “The Phenomenon,” soccer had “never seen a player like” Ronaldo when he first emerged: a player of the finest, most refined technique, but one who also possessed a startling burst of speed, a ferocious shot, and a rippling, brutish power. Ronaldo was a forward line all by himself.In time, he would become the prototype for the modern forward, and in the process he would end the sport’s decades-old assumption that strikers had to play in pairs. On that field of mud and sand, as he bounces off one defender and then bursts past another, Ronaldo looks like a player from the future because that is what he was. To understand him, and the impact he had, is to understand a little better the game as we know it today.The Two Sides of Kylian MbappéNeymar, left, and Kylian Mbappé, now starring in a Paris soap opera.Gonzalo Fuentes/ReutersThe word was sufficiently incendiary that its impact was not dulled by the haze of anonymity. Scarcely five months since he paraded around the field at the Parc des Princes, his future committed to Paris St.-Germain, Kylian Mbappé had decided he had to get out. And he had done so because, the unattributed quotes ran, he felt “betrayed.”Hearing that, particularly in a week that included a crucial Champions League game and a Ligue 1 meeting with P.S.G.’s resurgent rival, Marseille, it was impossible not to assume that the club had committed some stark transgression.Maybe it had not paid Mbappé. Maybe it had forced him to train with the reserve team, the second string, the no-hopers. Maybe it had mistreated some of those players whom he considered close friends. All of those might be considered grounds for such an accusation.As it turned out, though, Mbappé’s complaints are rather less severe. He does not like having to play as a sole No. 9 — the role invented by Ronaldo — rather than in a pair. He wanted his club to sign a central defender last summer. He had hoped that Neymar, once his close friend but now, for reasons that remain somewhat opaque, his rival, might have been sent to another club.No matter how sincerely Mbappé feels he has been misled, none of these quite add up to betrayal. P.S.G. spent the summer trying to sign a striker and a defender but could not land its primary targets. It tried to move Neymar, too, but failed to persuade a suitor to take on his salary. The transfer market can be complicated, even for clubs (like P.S.G.) with effectively unlimited resources. That may be a disappointment. It is not treachery.That Mbappé is reported to have taken it as such — and, particularly, that he finds having to play a position marginally different from his preferred one so galling — reflects far worse on him than it does on P.S.G.Mbappé, 23, has not only always been presented as a modest, mature sort of a character, levelheaded and prudent, that is precisely how he has come across. Mbappé is driven, ambitious, of course, but he is also humble and hard-working. He learned English and Spanish as a teenager to help him settle in should his career ever take him abroad. He has always seemed like the sort of superstar you could take home to meet your parents.Increasingly, though, the portrait painted by his actions is far less flattering. If the conditions P.S.G. reportedly accepted to keep him from the grip of Real Madrid hinted at a player overreaching, his discontent at having to subsume his preferences for the good of the team compounds that impression.Mbappé is, of course, the standout talent of his generation (Erling Haaland, 22, notwithstanding). He has decided he simply must leave P.S.G. as early as January. There should, then, be a glut of clubs on high alert, all of them clasping and clawing for his signature. And, most likely, there will be. But they will do so knowing that he comes with a bright, angry red flag. Signing Mbappé brings you one of the world’s finest players, it would seem, but only if you do everything his way.CorrespondenceA useful reminder from Derek Cairns — in reference to the suggestion that perhaps all-star games between leagues is not such a terrible thought — that there is no such thing as a new idea in soccer: There are just old ideas, repurposed, refashioned, and attached to some sort of NFT promotion.“There was once an official series of matches between the Scottish league, the English league and, if memory serves, the Italian league,” he wrote. “I have a feeling that I recall a match between the Scottish and English leagues which had Denis Law playing in white.”I don’t remember these, and so cannot vouch for Derek’s memory — there is a possibility that this was just some sort of Denis Law-infused nightmare — but there were, as we have mentioned previously, plenty of all-star equivalents as late as the 1980s. It is strange that soccer has gotten more, not less, resistant to change since then.And I could not finish this week without addressing a request from Juliet Lancey, who is in something of a bind. Not only is she dating someone who “eats, sleeps and breathes soccer,” which I know from personal experience is not a great start to a relationship, but someone who is obsessed with a particularly miserable part of the sport’s grand cornucopia: the ongoing misadventures of Aston Villa.“You would think if my boyfriend actually cared about me he would have chosen a team that didn’t leave me in the gut-wrenching throws of frustration every Sunday,” she wrote, and she’s right: I do think that. “But nope, Aston Villa it is.”What if Aston Villa’s problem is the manager tasked with identifying, and fixing, it?Craig Brough/ReutersAt this point, I assumed Juliet was asking me how to extract herself from this — for future reference, the sentence “Peter Withe’s goal was a fluke” should do it — but if anything, she is seeking to enmesh herself further in this entirely self-inflicted morass.“I have gone in circles about why exactly a team filled with talented players like Villa cannot seem to just win some freaking games,” she wrote. “I guess my question is, in short, what is wrong with Aston Villa?”It is a good question. As Juliet points out, Villa’s squad is hardly a bad one. (It is also not a cheap one.) Losing Diego Carlos to injury so early in the season was a blow, but of far greater concern than results — Villa has not lost since August — are the performances. Villa might not be a Champions League contender, but its resources are no worse than, say, Newcastle’s, and there is no earthly reason the club should be behind Fulham and Bournemouth in the table.That, sadly, leaves one culprit. Steven Gerrard may or may not be a good manager, but it strikes me that he has failed to identify — and therefore to express — a clear vision of what he wants his Villa team to be. Villa is a disparate patchwork of talented players, rather than a cogent whole. What tends to happen, in such circumstances, is that teams can get it together every now and again, but that consistency proves elusive.I hope that helps, Juliet. But also there is a very strong possibility, sadly, that this is just Villa being Villa. Don’t hold it against your partner too much. He is suffering, too. More

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    As A.C. Milan and Inter Return to Top, San Siro May Be Coming Down

    As he watched the soccer game playing out on television, the Milanese writer and actor Gianfelice Facchetti felt an emotional tug that he thought might be leading him toward his next book.It was during Italy’s first coronavirus lockdown, and Facchetti’s favorite team, Inter Milan, had been forced to play its matches behind closed doors. The decision left its longtime home, the 80,000-seat Giuseppe Meazza Stadium, more commonly known as the San Siro, devoid of atmosphere, and amid the silence Facchetti’s mind began to drift.He thought back not only to fond memories and tense moments in the arena where his father, Giacinto, had represented Inter and Italy but also to news stories that had been circulating for months describing plans by the teams that share the nearly century-old stadium, Inter and A.C. Milan, to abandon the stadium or, worse, demolish it.The San Siro’s contrast of cylindrical towers and long red trusses has admirers among fans and architects alike.Camilla Ferrari for The New York Times“I was thinking, when I started to write: If you want to destroy this place, this special place, it would be helpful to know the history,” Facchetti said.The book that sprang from that first impulse, “Once Upon a Time in San Siro,” was part history and part coping mechanism, Facchetti admits. He and many Inter fans, like those who support Milan, are still coming to terms with the fact that their “seconda casa,” or “second home,” could one day be no more.On the list of sins that stir the emotions of soccer fans, assaults on tradition surely rank near the top, particularly when maximizing revenue is seen as the motivation. Even minor changes, such as a new shirt design or an alteration of a club crest, can be like grabbing soccer’s third rail. For the same reasons, stadiums hold a special place in the minds of many supporters, serving as a physical embodiment of a lifetime of sporting experiences. A club’s decision to replace one, then, can bring not only monumental costs but also howls of protest.Yet replace them they do.From 2010 to 2020, 153 new stadiums were built across Europe, at a reported cost of more than $20 billion. Madrid got one. So did Stockholm and St. Petersburg. London opened two.Only 1 percent of this investment was made in Italy, though. Most professional teams’ stadiums in the country are both antiquated and publicly owned — only two have opened this century. And a new generation of deep-pocketed foreign owners with American tech, finance and retail fortunes are eager to create new revenue streams that they feel their clubs need to compete with richer rivals in England and elsewhere.Luciano owns a truck selling Inter and A.C. Milan merchandise. The latter held off its city rival to claim the Serie A title on Sunday.Camilla Ferrari for The New York TimesChange, though, is not as simple as drawing up plans and digging a stadium-size hole. When Milan and Inter announced their intention to build a new stadium more than three years ago, the subtext was that the San Siro — one of the largest stadiums in Europe and the site of four European Cup finals and matches in two World Cups — was no longer fit for its job in an age of luxury suites and corporate hospitality. Ever since, a debate about the arena’s future has split not only the teams’ wealthy owners and longtime fans but also politicians, preservationists and architects.“Italy is like an open-air museum: We have a lot of heritage,” said Massimo Roj, a Milanese architect and Inter fan who put forward one of the proposed designs for a new stadium in Milan. “We have to think that the San Siro is an old building. Your memory now is there, but, in 10 years time, we’ll be in another stadium, called San Siro again.”The first iteration of the San Siro opened in 1926 and was revolutionary for Italy because it was English in design, featuring four independent stands that sat square to the playing surface and no running track. It was expanded after the 1934 World Cup and again in the 1950s after Inter became a co-tenant.The most recent alteration came before Italy hosted the 1990 World Cup, when the architects Giancarlo Ragazzi and Enrico Hoffer and the engineer Leo Finzi added what became the stadium’s trademark: 11 cylindrical towers with helical ramps that allowed spectators to reach a new third tier. A roof made of red trusses was placed on top, its lines an angular — and to devotees, iconic — contrast to the circular forms that supported them.Yet in the decades after, the need for further refurbishments became increasingly apparent, fans said, as the Italian industrialists who once bankrolled the Milanese clubs sold their teams and Russian billionaires and Persian Gulf petrodollars rewrote the economics of elite European soccer.Many clubs in Serie A, arguably the world’s richest and most attractive league in the 1990s, now face growing debts and unsustainable budgets. Inter, for example, had to break up last season’s title-winning side just to meet its payroll.“In terms of revenues, we have, both Milan and Inter, revenues of around 35 to 40 million euros a year” — roughly $37 million to $42 million — “from the stadium, while our competitors are about €100 million,” the chairman of Milan, Paolo Scaroni, said in an interview. The San Siro reflected in the window of a tram that stops outside. Plans for a new San Siro nearby, and the destruction of the current one, have divided Milan.Camilla Ferrari for The New York TimesThe teams say they initially considered changes to the current San Siro but quickly concluded logistical issues and delays would be too much to overcome. What they have proposed instead is a 60,000-seat arena to be built next door. Once it is constructed, the current San Siro will come down and make way for public space that may include elements of its iconic towers and ramps, according to the designs by Populous, the American architecture firm whose proposal was chosen.“I think these buildings are containers, and therefore the old buildings have such emotion attached to them that the idea that some of it can remain, if it can be there as a marker of history of what was before, is quite a nice idea,” said Chris Lee, a managing director of Populous. “One has to be careful about trying to transfer too much of that, literally, into new buildings, where it can easily tip into the pastiche of trying to recreate a building.”Opposition is to be expected, Lee said. In Milan, it has emerged in various forms.Milan’s mayor, Beppe Sala, while generally supportive of the project, has warned both clubs that the city-owned San Siro would remain until at least 2026, when it is expected to host the opening ceremony of the Winter Olympics.A different group, the Si Meazza committee, has taken a hard-line approach, challenging the mere idea of the demolition of the San Siro, which its most prominent voices — lawyers, concert promoters and former politicians — described as a symbol of Milan known around the world, a stage on which Diego Maradona, Bob Dylan and Beyoncé have performed. Other critics pointed to the ecological impact of tearing down a stadium and highlighted renderings that they argued proved the job could be done for half the cost while saving the original arena.Some fear, though, the die may have been cast: A future without the San Siro received the tacit approval of Italy’s heritage authority in 2020 when it raised no objections to the stadium’s demolition. In November, the project was declared in the public interest (with certain conditions) by city officials.A month later, the clubs chose the Populous design: It features a stadium enveloped by a steel-and-glass galleria, reminiscent of the famed luxury-shopping district in the center of Milan, as the centerpiece of an expansive park on the site.But the legal fight over building any of it may not be over.The stadium has hosted two World Cup and four European Cup finals. Camilla Ferrari for The New York TimesThe next steps for the clubs will be to put their proposals to the public; that is expected to happen this summer. Municipality decisions can be appealed, and other bureaucratic hurdles can take months to resolve, said Scaroni, the Milan chairman. Aware of those potential delays, the clubs have said that they are also considering a Plan B: a site elsewhere in Milan.“More than three years, we are still debating about our master plan,” said Alessandro Antonello, the Inter chief executive. “Unfortunately, yes, we started with a very exciting energy three years ago, and now, after three years, we are still waiting for some answers from the municipality. So, now, for us, the main priority is to build a new stadium, whatever the location.”For opponents like Facchetti, though, the delays are just one more hopeful sign their beloved San Siro might yet be saved. Another good omen, he said, came this spring: His publisher has approved a second printing of his book.“It’s a sign,” Facchetti said. “People still want to speak about the San Siro and its destiny.” More

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    Fabrizio Romano: Soccer's Prophet of the Deal

    Fabrizio Romano has turned rumors into an industry. But is he an observer of soccer’s multibillion-dollar transfer market, or a participant in it?The quickest way to capture the extent of the influence wielded by Fabrizio Romano, a 28-year-old Italian journalist with a five o’clock shadow and an overworked iPhone, is to boil it down into a list of easily digested numbers.Currently, Romano has 6.5 million followers on Twitter, two and a half times as many as, say, Inter Milan, the team that featured in Romano’s breakthrough moment, or Bruno Fernandes, the Manchester United star who inadvertently made Romano a global phenomenon.He has 5.6 million more on Instagram, and a further 4.5 million devotees on Facebook. There are also 692,000 subscribers on YouTube and 450,000 on Twitch, the video streaming platform.Or there are at the moment, anyway. Chances are that in the gap between the writing of that paragraph and your reading it, Romano’s figures will have ticked inexorably skyward. It is January, after all, one of the biannual boom times for a journalist covering soccer’s frenetic, multibillion-dollar transfer market. Every day, Romano’s accounts will draw another few hundred fans, another few thousand even, all desperately seeking news of the players their team is or is not signing.Yet even as these social media metrics provide an immediately comprehensible, faintly intimidating snapshot of the breadth of Romano’s popularity — self-professed insiders covering the N.B.A. and the N.F.L. could make similar claims — they do not tell us much about quite how deep his impact runs.Last month, the Spanish forward Ferran Torres posted a video of himself on Twitter doing light physical work at the training facility of his hometown club, Valencia. Torres had spent Christmas in a gentle form of limbo, waiting for his former club, Manchester City, to agree to sell him to Barcelona.By Dec. 26, things had moved sufficiently that Torres wanted to let his followers know a move was imminent. “Getting ready at home … Valencia,” he wrote in a message posted alongside the video. And then, on a new line, a single phrase: “Here We Go!”Those three words were intended as the digital transfer market’s equivalent to white smoke billowing from a chimney. They have come to mean that a deal is not just close, but completed. And they are indisputably Romano’s: They are his seal of approval, his calling card, what he refers to with just a hint of regret as his catchphrase.That, more than the numbers of followers Romano has accrued, is the best gauge of his influence. Increasingly, to players, as well as fans, a transfer has not happened until it bears Romano’s imprimatur. (“Here We Go” is, in some cases, now used as a noun: Correspondents now regularly ask Romano if he is in a position to “give the here we go.”)Romano in his home office in Milan, where he records some of his TV and podcast appearances.Alessandro Grassani for The New York TimesHis power is now so great that he has, not entirely intentionally, made the leap from being merely a reporter covering soccer’s transfer market to something closer to a force within it. And in doing so, he has blurred the line between journalist and influencer, observer and participant.The ScoopThe call that made Romano’s career, in his telling, came entirely out of the blue. He had started writing about soccer as a teenager in his hometown, Naples, composing stories and firing them off, free of charge, to a variety of fairly niche Italian soccer websites in the hope they might publish them.He does not quite know how an aspiring Italian agent in Barcelona got hold of his name, or his phone number. “He was working at La Masia” — the famed Barcelona academy — “and he wanted to become an agent,” Romano said in an interview last month. “He was hoping to convince two young players to let him represent them, and he asked me if I would write a profile of them.” The players were Gerard Deulofeu, a young Spanish wing, and a prodigious teenage striker named Mauro Icardi.Romano wrote the profile, the agent got the clients, and the two stayed in touch. In the summer of 2011, Romano broke the story that Icardi was leaving Barcelona for Sampdoria. He refers to it proudly as his “first news,” but its impact was limited: Icardi was an 18-year-old youth team player, after all. His arrival at a team then struggling in Italy’s second division was hardly earth-shattering.But in November 2013 the agent called again. “He said I had helped him at the start of his career, and now it was his turn to help me,” Romano said. Icardi, his source told him, had agreed to move to Inter Milan the next summer. Six months before the deal was officially announced, Romano published the news on an Inter Milan fan site.Mauro Icardi, the player who helped make Romano’s career, at Inter Milan in 2013.Luca Bruno/Associated Press“That was the time everything changed,” he said. He left Naples for Milan, and the hardscrabble world of freelance journalism for a job at Sky Sport Italia. The first story he was sent to cover was, as it happens, Icardi’s physical at Inter. “That story was part of my life.”Soccer, in general, has long had an insatiable appetite for gossip and rumors and tittle-tattle from the transfer market: In England, the nuggets of news appear in old copies of long-defunct sports newspapers dating to 1930. Nowhere is the obsession quite so deep-rooted, though, as in Italy.“You have to remember that, for a long time, we had four daily newspapers devoted to sport,” said Enrico Mentana, a television presenter, director and producer who started his career at one of them, Gazzetta dello Sport. His father, Franco, worked there; he had been a celebrated correspondent, specializing in transfers.For those newspapers, Mentana said, transfer stories were “the only way to sell copies in the summer, when there were not any games.” They were aided and abetted in turning player trading into “a spectacle” by the presidents of the country’s biggest clubs. “The owners were great industrialists, scions of great families,” he said. “For them, attracting a big star from South America, say, was a chance to show their greatness, their power, to give a gift to the people.”By the time Romano had made it to Sky Sport Italia, the doyen of the genre was Gianluca Di Marzio, the channel’s star reporter, the host of the nightly — and unexpectedly cerebral — show it broadcasts during soccer’s two transfer windows.Romano helped Di Marzio build, and fill, his personal website. In return, he learned the finer points of his craft, particularly the value of the traditional shoe-leather journalism that had long been deployed to harvest those precious hints and whispers. “For years and years, I would go every day around the city,” Romano said. “Restaurants, hotels, anywhere football people would meet.”But while the methods had endured, Romano had some intuitive sense that the landscape was changing. He quickly grasped not only that social media could serve as both an outlet and a source, but that he had an innate eye for which sort of content worked on which kind of platforms.“For example, I used Instagram initially as a personal thing,” he said. “I would post a picture of a nice sunset, a good dinner. But all the time, in the replies, people would ask me about transfers. Nobody was interested in my life. I’m not a star. I am a journalist, and a journalist is an intermediary.”His most significant insight, though, was that there was no reason to be hidebound by borders. With his replies swelled by interest from fans around the world, asking for updates on teams in England, France and Spain, as well as Italy, he started to seek stories away from home.To Romano, the great leap into the global soccer conversation came in 2020. Fernandes, a talented Portuguese midfielder, had spent most of the previous summer being linked with a move to Manchester United; Romano consistently played it down. A few months later, though, the club made its move, and when Romano bestowed his customary “here we go” on the deal, the reaction was “huge.”He does not claim to have had that story first: It had, after all, been bubbling for months, and had been extensively reported in the weeks before it was completed. In his eyes, though, speed is not where true value lies in a social media world, and particularly in that portion of it devoted to soccer’s chaotic, contradictory and often chimerical transfer market.What followers want more than anything, he said, is to know that what they are reading is true. That is what he tries to provide. “I do not have a deadline to meet or a paper to sell,” he said. “I write things when they are ready.”Two players in Romano’s rumor mill this month: Fiorentina striker Dusan Vlahovic ….Massimo Paolone/LaPresse, via Associated Press… and Mohamed Salah, whose future at Liverpool is suddenly anything but clear.Lindsey Parnaby/Agence France-Presse — Getty ImagesIn part, his expanding influence — he has added five million social media followers in the past 18 months alone — can be attributed to his work ethic. When Romano is not submitting transfer stories to The Guardian or Sky Sport, he is uploading them to Twitter, Instagram, Facebook and YouTube, or he is talking about them on his podcast or his Twitch channel or in his latest role, accepted last year, with CBS Sports. He discusses them with one of the suite of club-specific podcasts he finds time to grace with his presence as a guest, or replies to his followers directly on social media. There is talk of a book, too. During transfer windows, he said, he regularly does not go to bed until 5 a.m.Whether it is dedication to his trade or dedication to his brand, or neither — Romano has a puppyish delight in talking about his passion — it has worked. Often, now, the reach of the clubs and the player actually involved in any given transfer is dwarfed by that of the person reporting it.The Fine LineLast summer, as the Spanish team Valencia closed in on a deal to sign Marcos André, a Brazilian striker who had spent the previous season playing for its La Liga rival Real Valladolid, the club’s marketing and communications arm, VCF Media, was commissioned with finding an unexpected, impactful way to announce it.A transfer, after all, is a chance for a club to attract attention, to win a few eyeballs and perhaps gain a few new fans in what is now a global battle for engagement. Valencia is not just competing with domestic rivals like Villarreal or Sevilla for that audience, but teams from Italy and Germany and England, too.The problem, as far as the club could tell, was that there was nothing new about the club’s interest in signing Marcos André. There had been a run of stories hinting at the move for weeks. To reach the broadest audience possible with its confirmation, VCF Media decided to do something a little different.Once the paperwork on the deal had been completed, and the player had successfully passed his physical, the club contacted Romano and, with the blessing of Borja Couce, Marcos André’s agent, asked if he might like to be a part of the announcement. He agreed, and filmed a short video to tease the deal. It concluded, of course, with his catchphrase.The logic, for Valencia, was simple. Romano has 6.5 million Twitter followers. The club has 1.3 million. In VCF Media’s eyes, he was a “tremendous influencer in the world of football, a shortcut to a global audience,” as a club representative put it. Romano was the point at which “sport and entertainment” converged.Since then, others have followed suit. Romano, a confessed fan of Watford, the on-again, off-again Premier League team, featured alongside a host of players in the video to launch the club’s new jersey last summer.This month, Romano has featured in videos for both Germany’s Augsburg and Major League Soccer’s Toronto F.C., announcing the signings of Ricardo Pepi, the U.S. forward, and the Italian playmaker Lorenzo Insigne. Sportfive, the marketing agency based in New York that arranged the Augsburg announcement, did not respond to a request for comment as to whether Romano had been paid.Those appearances are testament to Romano’s hybrid status. Ordinarily, European clubs prefer to keep journalists of all stripes at arm’s length; the locker-room access traditionally offered by America’s major leagues is anathema. They guard their transfer plans with particular secrecy, fearing that a mistimed leak could jeopardize a deal months in the making.Romano with the jersey of the one club that he, perhaps surprisingly, places above the rest: Watford. Alessandro Grassani for The New York TimesRomano, though, has been embraced by every player in the market. Official club social media accounts reference his catchphrase. He enjoys regular interactions with owners and agents — a few days ago, Mohamed Salah’s agent, Ramy Abbas, told Romano, unprompted, that he was “a little bored these days,” an apparent reference to the stalemate over the Liverpool forward’s new contract — and even players themselves.That renown is professionally useful, of course. Romano’s fame has opened doors. “I remember a sporting director called me last January,” Romano said. “I had always talked about him a lot, and just like that, he called. He said he wanted to know the boy who seemed to know everything.” Romano was, briefly, just a little star-struck.But those relationships come with a risk, too. The same influence that makes Romano valuable to clubs looking to gain access to his followers also makes him vulnerable to those looking to exploit his reputation for reliability.The global transfer market is a $6 billion industry. Deals can be worth millions in commissions alone, but they are fragile, unpredictable things. And one word, from someone like Romano, can make or break them.There is a danger, he knows, in people giving him “their vision of the truth.”“But then I do not have a show that needs to be filled or a headline that has to be written,” he said. He can wait until “the right moment” for all concerned. “A journalist does not need to be the enemy,” as he put it.That is how he sees himself, even now, even with all of that impact and all of that reach. He rejects the term “influencer,” but he crossed that particular Rubicon some time ago. It is a fine line, though, the one that runs between observer and participant, between inside and out. He has now crossed it. Even he will not be able to say, not with any certainty, where he goes from here. More