Whilst I agree that football ceased to be a sport many moons ago, I differ on the second part, for me it is a case of two models, ours in which the club is bought using the owners money and all aspects of the club are run professionally until becoming self sustaining, we are not run on the bottomless pit of money as the media and many others portray it, our net spend is very low and has been for a long while.
The other model is the American one where, you mortgage the club to the hilt but and then milk off any profits dividing them between owners and share holders and allow a small flow of money to be used to pay off debt interest spend nothing on the infrastructure keeping debt at the maximum possible.
For some reason the PL likes the other option.