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Icarus allsorts

If you want to explain the mysterious decline of Arsene WengerâÂÂs Arsenal, you might have to gen up on Greek mythology.

The Icarus paradox sounds like a bad thriller, written by a ghost of the late Robert Ludlum, but it is actually an elegant theory, coined by a business writer called Danny Miller, to explain why apparently successful companies collapse.

In a nutshell, Miller says the reason is that their strengths, like IcarusâÂÂs waxwings, can turn into fatal weaknesses.

You can put this into a context that includes such factors as the advent of Roman AbramovichâÂÂs Chelsea, but the decline is still stark.

And, for me, MillerâÂÂs business theory helps explain it.

One of the ways that strengths turn into weaknesses, he suggests, is that the bits of an organisation that are strongest â it might be product development or marketing or sales â become stars that begin to attract the resources previously devoted to less glamorous, but vital, bits of the company.

The qualities that were most attractive about WengerâÂÂs team in their all-conquering era â youth, fluidity, intelligence, pace and confidence in possession â have effectively taken over the team.

And the other qualities that side shared with many great teams â physical power, the ability to close down opponents in midfield, competitive spirit, experience of big games, a certain ruthless selfishness in front of goal, and competent defensive organization â have all been crowded out.

Zlatan IbrahimovicâÂÂs jibe that Arsenal are a junior team was unfair but not entirely stupid.

Instead of trophies, the fans are being consoled with visions of how good this team â if it stays together â will be at some unspecified point in the future.

By 1964, Di Stefano, who was nearly 38, could not control the game against opposition as strong as Helenio HerreraâÂÂs Inter.

The most blatant footballing example of MillerâÂÂs paradox is probably Real Madrid in the galacticos era, where the transfer budget was spent entirely on artistes, the craft and graft of Makelele was surplus to requirements, and the player who could have replaced him, Patrick Vieira, wasnâÂÂt offered the right deal because he wouldnâÂÂt sell enough shirts.

Real Madrid fans must hope that Florentino Perez has learned that shirt sales and artistry are not the only criteria on which teams can be judged although after watching his interview with Mihir Bose IâÂÂm not so sure.

In his blog, Bose draws entirely the wrong lesson from Hollywood history when analysing PerezâÂÂs summer spending spree.

ItâÂÂs true that MGM, for example, used to boast it had more stars than in heaven. But those stars were often signed cheap, tied to punishing contracts, suspended if they didnâÂÂt want to make a particular film or were deemed to have broken the infamous morals clause and released as soon as they were deemed to be past their best.

Behind the glamour and the hype, Hollywood studios were run by ruthless autocrats who could â and did â break the careers of the worldâÂÂs greatest stars.

And the stars all knew that. When fear and autocracy no longer ruled Tinseltown, the studio system collapsed. IâÂÂm not sure if there is a parallel with Real there at all.

Bose â and Perez â are right to point out that Real, since the days of Santiago Bernabeu, has always been a presidentâÂÂs club.

This model worked brilliantly in the 1950s, when European football was a very different business, but has only worked sporadically since â either at Real or at other clubs like Inter.

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