“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
So said Warren Buffett, the legendary investor who created an art form out of playing the long game and showing patience when everyone else was looking for immediate results.
It’s a principle that can be applied to virtually any walk of life, but football fans might find that line of thinking particularly resonant, given the extreme examples of expenditure we’ve seen at the most elite levels of the global game.
With clubs in Europe regularly spending hundreds of millions of dollars each year on players that, all too often, end up being sold a short time later for far less than that, the idea of planning for success years or even decades into the future can sometimes seem a little antiquated.
That said, in the local scene A-League clubs have reaped the rewards of a future-focused approach, with the likes of Melbourne City and Adelaide United earning significant transfer fees in recent years from young players that came up through their academy systems.
The calculus of those deals is relatively straightforward, thanks to the immediacy of transfer fees.
But how does a sporting organisation invest for the future when it’s hard to see the direct line between that investment and the financial return down the track?
A unified push to develop Australia’s next talent pipeline
It’s a question that Football Australia, like many national sporting bodies across the world, have grappled with for some time, but rarely before has there been such clear alignment across the Australian football ecosystem on the importance of identifying and nurturing young talent.
That much was clear at the recent CommBank Emerging Matildas and CommBank Emerging Socceroos Championships, two events that, in many ways, do as much for shaping the future of football in this country as the biggest tournaments in the world like World Cups and Asian Cups.
CommBank’s support of the tournaments is a significant boost for FA and for the sport in general, not only improving the pathways to our national teams but continuing an emphasis on keeping young people engaged in the sport more broadly, from grassroots to elite levels.
When asked how important it is to keep investing in the CommBank Emerging Championships, Australia Under-20s coach Trevor Morgan was unequivocal.
“You said the word, ‘investment’,” Morgan said. “There is a cost to everybody, whether it’s the families, the Member Feds or Football Australia, and that shows you how important it is.”