Giles said:
They tried Communism, mate. Nice idea in theory but it didn't work.
Yeah, but in the US, where they
totally don't dig Communism, they're obsessed with parity in their sports. Last place in the league gets first pick of the next season's college draft, they have wage caps and so on. It's geared to making the game competitive, and thus exciting to watch.
Look at Rangers and Celtic, where financial dominance has continued towards it's natural conclusion - is that an attractive model?
It's tricky, because without the wealth we wouldn't be able to compete with the top four. But that's the system's fault, not ours.
I'm actually a bit ignorant with regard to the proposed new regulations, can anyone here clarify the gist of it? Is it simply that no club can spend more than it earns? And does this include the servicing of debt?