London Edition Monday 14 September 2026
Football Economy The Business of the Beautiful Game
THE DESK
BVB.DE 3.03 +0.83% JUVE.MI 2.16 +2.18% SSL.MI 1.69 +0.6% AJAX.AS 8.44 +0.71% CCP.L 248.00 +0% MANU 23.53 +3.02% SLBEN.LS 6.96 +2.79% FCP.LS 3.00 +0% SCP.LS 0.96 +0% ‘Very weak. Very bad’: how Rodri’s verdict exposed woeful Valencia’s crisis | Sid Lowe The Guardian McGregor laments Celtic's 'team of individuals' BBC Sport Left in the dark - will fans ever get to hear live VAR audio? BBC Sport Maldini driving license suspended after car crash BBC Sport BMW PGA Championship: Field, format and prize money as McIlroy returns Sky Sports Top of the table, empty in the stands: inside the revolt against Lazio’s owner | Nicky Bandini The Guardian WSL talking points: Olid must weather United storm, Arsenal wasteful again The Guardian What next for Benn? 'I don't have the answer' Sky Sports Ludek Miklosko, former West Ham and QPR goalkeeper, dies aged 64 The Guardian Are Arsenal Restricted by Financial Regulations? The Swiss Ramble Monday briefing: Clearlake near deal for Boehly and Walter’s Chelsea stakes Off The Pitch Man Utd protest against ownership before derby BBC Sport
Club Finance

The Ballon d’Or: From European Award to Global Brand

The Ballon d'Or, established in 1956, provides a compelling case study in the globalisation of football. Its rule changes reflect the sport's shifting economic and media landscape.

The Origins of an Elite Institution

The Ballon d’Or stands as one of the most prestigious individual accolades in professional football, its history offering a compelling case study in the sport’s commercial and cultural globalisation. The award was conceived in 1956 by Gabriel Hanot, the chief magazine writer for the publication France Football. In its inaugural year, Hanot asked his European colleagues to vote for the continent’s player of the year, establishing a tradition that would come to define and elevate the careers of the world’s elite footballers.

From European Exclusivity to Global Reach

For its first four decades, the award operated under a strict eligibility rule: voters, who were exclusively European journalists, could only select European players playing for European clubs. This framework meant that some of the sport’s most iconic figures, including the Brazilian Pelé and the Argentine Diego Maradona, were never eligible to win the trophy during their playing careers. This limitation reflected a footballing landscape where European competitions and players held commercial and media primacy.

A significant strategic shift occurred in 1995, mirroring the increasing influx of global talent into Europe’s top leagues. The rules were amended to allow non-European players to be eligible, provided they were contracted to a European club. This change had an immediate impact, with AC Milan’s Liberian forward George Weah becoming the first non-European recipient that same year. The adjustment acknowledged the changing demographics of elite football and broadened the award’s relevance and marketability.

The Final Step to a Globalised Award

The evolution continued in 2007 when the eligibility and voting criteria were fully globalised. The rules were changed once more to allow players of any nationality, playing for any club anywhere in the world, to be considered. This expansion was reflected in the electorate, which grew from 52 Europe-based journalists in 2006 to a global panel of 96 journalists the following year. This move completed the Ballon d’Or’s transformation from a continental honour to a truly global media product, capable of capturing the attention of emerging football markets worldwide.

An Era of Consolidation and Commercial Power

For much of its history, winning the award three times was the pinnacle of achievement, a feat managed by only three players: Johan Cruyff, Michel Platini, and Marco van Basten. However, the globalised era saw this benchmark shattered. The subsequent period was dominated by Lionel Messi and Cristiano Ronaldo, whose rivalry propelled the award’s profile to new heights as they won it a combined total of more than a dozen times. The award’s commercial power was further highlighted by a temporary merger with FIFA’s own award to create the FIFA Ballon d’Or between 2010 and 2015. Today, the Ballon d’Or is more than an accolade; it is a powerful commercial asset that significantly enhances a player’s brand value, endorsement potential, and contractual leverage.

Eleanor Whitfield

Eleanor Whitfield is a chartered accountant who spent a decade auditing professional sports clubs before turning to journalism. She writes about club accounts, financial fair play and the regulatory side of the game.