Thinking in English 110. Why do Authoritarian Countries Buy Football Clubs?: Saudi Arabia and the Purchase of Newcastle United! (English Vocabulary Lesson)
At the beginning of October, English football club Newcastle United were taken over by a Saudi Arabian supported investment fund, and over night became one of the world’s richest sport teams. But why do authoritarian governments like to buy football clubs? Let’s discuss this, and learn some new vocabulary, on today’s episode of Thinking in English!
TRANSCRIPT - https://thinkinginenglish.blog/2021/10/18/110-why-do-authoritarian-countries-buy-football-clubs-saudi-arabias-purchase-of-newcastle-united-english-vocabulary-lesson/
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Takeover (n) – a situation in which a company gets control of another company by buying enough of its shares
The company has decided not to go through with the takeover of its smaller rival
Dispute (n) – an argument or disagreement, especially an official one
India and Pakistan nearly went to war over a border dispute
Rumoured (adj) – used to describe an unofficial, interesting story or piece of news that might be true or invented, and that is communicated quickly from person to person
The rumoured plan to sell the company never actually took place
Asset (n) – something valuable belonging to a person or organization that can be used for the payment of debts
A company’s assets can consist of cash, investments, specialist knowledge, or copyright material
To diversify (v) – to start producing a range of different types of products or services, or to invest in a range of different investments, in order to reduce risk
Farmers are increasingly diversifying into other activities to supplement their incomes
Piracy (n) – the act of illegally copying a computer program, music, a film etc, and selling it
Record companies have tried to combat internet piracy
Distract (v) – to make someone stop giving their attention to something
Stop distracting your sister from her studies!
Authoritarian (adj) – demanding that people obey completely and refusing to allow them freedom to act as they wish
That country has struggled economically under an authoritarian leader
Oligarch (n) – one of a small group of powerful people who control a country or an industry
The story of how new Russian oligarchs amassed enormous fortunes when the Soviet Union broke up is fascinating
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