Because it's still about football as sport and not as entertainment:
From Gabriele Marcotti in the Times
"Garry Cook, the former Manchester City chief executive, fascinates me. On the one hand, I find it funny that he’s resurfaced as, of all things, chief executive of UFC — yep, that’s Ultimate Fighting to the uninitiated — in Europe. Not that Mixed Martial Arts isn’t engaging, it just seems a weird place for him to end up.
On the other hand, the man appears to be a walking, talking contradiction. I think back to some of his lower points.
Trying to sign Kaka for £100 million and then, when the move broke down, whingeing, accusing Milan of “bottling it” and suggesting that Kaka’s father, who happens to be an engineer, was not clever enough to understand the “journey” Cook was taking him on. (The funny thing, of course, is that between Kaka’s father and Cook one of the two is educated, the other is a guy who spent most of his life selling sports apparel.
And then, of course, the ugly business with the jokes about Nedum Onuoha’s mother and her battle against cancer and, especially, the way he tried to get out of it, by saying that his e-mail had been hacked. (Yes, because if I hacked into the e-mail account of Manchester City’s chief executive the first thing I’d do is send abusive e-mails to a cancer sufferer while pretending I was sending them to Brian Marwood.)
And yet all this is juxtaposed by what I’ve heard not just from folks at City but others whose opinion I respect: Cook was very good at his job. Extremely good.
So maybe I shouldn’t have been surprised when he came up with a very good point in an interview with the BBC website last week. While many mocked City’s use of the word “holistic” in their statement announcing the departure of Mancini, he explained the point better than most. “When companies sign an agreement with a club, they want access to the core proposition, which is the talent,” he said. “They want the manager, they want the players, so now the players and the manager have to give up time for that.
“It puts a drain on someone who doesn’t necessarily understand the need to be a commercial property, doesn’t necessarily understand the need to explain themselves in the media, doesn’t understand the need to run the business with financial management at the heart of everything they do.
“The holistic element is understanding the way a football club runs, not just how a football team wins games.”
Cook understands that football is part of the entertainment industry. Managers and players are actors. What do actors do? They endlessly promote their products. They engage with the media and with the public.
I know what you’re thinking so I’ll stop you right there. Yes, football used to be sport. And, for most it still is. Go down the football food chain to League 1 or lower and that’s exactly what it is. But the fact of the matter is that at the level of a Manchester City or indeed most top-flight clubs and we’re talking as much about a media/entertainment concern as anything else. That is what pays the bill. That’s what allows managers and players to earn in excess of £100,000 a week (sometimes much more than that). Strip away the TV money, the sponsorships and the commercial income and you’re looking at a much smaller pie and much lower wages. (Still, princely sums mind, but not the £15m over three years so many of these guys squirrel away.)
I realise that there are some managers and players who refuse all this. They don’t want to be a part of it. They just want to play football. That’s fine. But then, if you’re going to do that, you shouldn’t expect your £5 million a year either. Because you’re not really pulling your weight.
This may not be the way we want things to be. But it’s the way things are. It’s the only way you can justify the wages. And, increasingly, clubs are going to realize this. The game is still run by football people — and not Garry Cooks — and that’s probably a good thing. But it’s changing. And this time Cook is ahead of the curve. He gets it. Unlike many other things."

"Phoenix till they lose"