sir baconface
Well-Known Member
On the other hand, you might think those same circumstances would press some clubs into cashing in assets and/or slimming down wage bills. If so, you might expect a reduced, but still reasonable level of market activity, but at relatively knockdown prices. That would have been my guess but it will probably not turn out to be accurate.For what it's worth, I agree with that.
I think the market is just incredibly slow because clubs had committed spend based on known income and then covid, a force majeure event, came in and incomes plummeted.
This situation has left very many, if not almost all, clubs in a precarious financial position and struggling to pay existing wage commitments never mind take on new liabilities.
There's also the fact that 'past their best' players, leaving big clubs at the latter end of their careers are generally on higher wages than the lower clubs can easily afford, even without this current situation.
Add into that mix the thought that clubs don't even know when they'll get supporters back into grounds again, in decent numbers, and it's quite amazing that any business is being done at all.
As you say, though, getting rid of highly paid wasted assets is a hell of a task.