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By Ingrid Jeacle

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Many theorists (Berger and Luckmann, 1967; Foucault, 1979 and so on) argue that the “self” is socially produced and reproduced in the routines of everyday interaction (Roberts, 1991). When Bourdieu addresses the genesis of subjects suited to operate competitively in social fields, he discusses the transition from self-love (the state prior to the acquisition of language) to a quite other object of investment, one that inculcates the durable disposition to invest in the social game. Bourdieu locates the motor shift in this process in the “search for recognition” (Steinmetz, 2006).

Banyard and Shevlin (2001) measured the level of psychological distress caused to supporters of a football team which was relegated from the English Premier League. They found that the impact of relegation is psychologically significant, likening it to post traumatic stress syndrome. Of all those who would describe themselves as a fan, 25 per cent said football was one of the most important things in their lives[13]. ” (Branscombe and Wann, 1991). If one accepts the Lacanian position that people are anxious subjects constantly desiring self reflection and recognition by others, it is not difficult to see why people wish to associate themselves with a football team which holds out the false promise of filling our empty cores with very powerful images.

In spite of huge TV revenues, each club was until recently heavily in debt (The Independent, 2010), although their debts take various forms. Several clubs have bank loans, some have entered the bond market and issued securities secured on club assets, while others have soft loans from their owners with low or zero rates of interest. html). Portsmouth (a club relegated from the Premiership in 2009/2010) has gone into administration and it appears from their accounts that the clubs without super-rich benefactors are facing serious financial difficulties.

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Accounting and Popular Culture by Ingrid Jeacle

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