Throughout the history of football rich people have bought football clubs, made investments , club wins trophies, I don't have a problem with that.The problem is that the money involved is at multi-billionaire/state level. Our owners put in around £1.5b and in addition could influence sponsorship deals from Abu Dhabi to add a significant sum on top of that. But Liverpool, for example, have three times the revenue that had in 2008.
If a team from mid-table, even a big city one with the fans/infrastructure, wanted to compete, then they could need £4b+ invested. That's absolutely crazy - and way above even your suggestions.
Even then, Newcastle could afford whatever they want - but Everton could quite easily bankrupted themselves well before they got anywhere near the lower figures you suggested.
The only way you're going to get competition back in any meaningful way, is to reduce the revenues of the richest clubs. Either football is a sport, or it's a business, but it can't be both.
But it was hugely different when the owner of a few local car franchises could buy a couple of players, and push for a title. Even Jack Walker and his family only spent the equivalent of about £150-200m on Blackburn (and that's including inflation).Throughout the history of football rich people have bought football clubs, made investments , club wins trophies, I don't have a problem with that.
The sport has been hijacked by anti competitive businesses, rags and dippers etc to financially enrich themselves. It's wrong.
I’ve bored people to tears I’m sure already but my position has always been that Lewis and his colleagues must have believed they have something new and completing to offer to advise the PL to move forward. While I accept humans can be prone to hubris, I struggle to believe that he is throwing his reputation on the line for a chance to rerun the UEFA case, especially as he really doesn’t need the case.
Again, maybe boring people but I just don’t believe the PL advanced due to pressure from other clubs, albeit I’m sure it played a part. For me it’s most likely that this case was a desperate last ditch attempt to try and stall (with the dream of killing) an independent regulator coming in and risking their cash cow.
Ive thought for a while that PSR at least in its current form was not long for this world - the landscape has just changed too much since it was implemented. A not guilty verdict probably pushes it over the edge to a reformed set of rules, perhaps along the lines of L1/L2 whereby you have strict wages vs turnover rules and profit targets, but owners can invest as ‘turnover’ so long as the money is converted to equity. Certainly many of those who supported PSR initially would have your arm off to be free of it now.
I like the cut of your jib sir, excellent.Put up or shut up I say, fed up to the back teeth of all the fuckin innuendo and the whole of the red lickspittle media proclaiming our guilt from the rooftops..
it’s a disgrace how these cunts get away with slagging the best run club in the world, without a single offence either revealed or proven..!
It’s not taking this long because there are 115 alleged, yes, alleged offences, it’s taking this long because they can’t lay a glove on City no matter how hard they try …
City will be proven innocent of every charge but that won’t matter as they will just say we got away with it again … FUCK EM .. !
I counted 115.Is that not 3 comments?
The difference being is back then the Premier League supporting cast could still dream of winning the lottery & joining the scrap for honours at the top table.The other clubs won't care. Owners below the Rags, Dippers, Tarquins and Spuds are happy to just get the revenue from the PL. They'll agree to any set of rules as long as the money is still there. Don't forget how happy they all were with the Rags hoovering up all the trophies for 20+ years and being able to outspend everyone - we would 100% be watching another Bayern Munich situation where the club just outspend every other club and buy any young talent and everyone is happy with the odd club chasing them close. If it wasn't for Abramovic I'm sure they'd now be on 30+ titles and the Piss Can would still be in charge.
The whole thing is corporate comedy beyond a Monty Python scale...Has Masters confirmed whether he's confirmed anything?
With the charges as the Dead Parrot.The whole thing is corporate comedy beyond a Monty Python scale...
Good post, but who are the several clubs that went to the wall ? My idea of going to the wall is a business closing down permanently , liquidation , door shut with redundancies, Leeds being the perfect example, yes there financial situation meant relegation down the divisions, but they never went to the wall, its called business, sometimes you fail and suffer the consequences. Its nothing more than a closed shop now, which is a disgrace. Newcastle will never ever live the dream that we have, and its such a shame tbph. Sport IS business whether we like it or not, agreed, there has to be a new system implemented, football is very gradually killing the dreams for the match going fan. One of the CL places, even a fifth place maybe should go to the winner of the FA Cup, that opens the dream for far more clubs than just the top four.The difference being is back then the Premier League supporting cast could still dream of winning the lottery & joining the scrap for honours at the top table.
Now even the richest club in the world have found their wealth is useless, because the Cartel Clubs have introduced financial rules designed to stop anyone from being able to challenge them.
The question is, would you rather the PL as it is now with FFP/PSR, or as it was 20 years ago when ambitious clubs were allowed to dream?
UEFA were rightly concerned about clubs like Leeds, Portsmouth, Fiorentina, Parma, Rangers etc over extending themselves, with over-ambitious owners levying huge debts on their clubs, sending several to the wall as they chased the dream. This is what the original iteration of FFP was supposed to prevent, not minted owners investing their own money to compete with the elite.
I do believe there should be a level of financial controls to prevent clubs from spending themselves into extinction, but not what we have today, where only the clubs at the very top stand to benefit.
Throughout the history of football rich people have bought football clubs, made investments , club wins trophies, I don't have a problem with that.
The sport has been hijacked by anti competitive businesses, rags and dippers etc to financially enrich themselves. It's wrong.