Simple Simon:
“We can’t ignore City are currently embroiled in a hearing looking into 115 alleged financial breaches of Premier League rules.
While we are excited for this (arse)fixture, the greatest threat to English football is the ridiculousness of the misplaced thinking behind PSR (profit and sustainability rules).
If you have an owner losing a hundred million quid a year – which, by the way, isn’t all cash losses, but also a result of things like amortisation and inability to properly market value assets - yet they are prepared to put a bond up for a billion quid, it means their club is sustainable in my book.
It leaves the PSR argument as rather ludicrous in a free market, in an industry built by people investing in ambition.
Worse than that, we are having to listen to a ridiculous crowd because a few clubs have had bad owners at the lower end of the pyramid. I do understand the angst of fans at Reading, Leyton Orient and Bury but our rules and thinking need to be more sophisticated.
Let’s build a safety net for clubs, that go bust, such as league-provided insurance policies and find a mechanism for fairer distributions.
To introduce a financial regulator, a Government appointment, to economically asphyxiate English football whilst the rest of football around the world runs free and wild and does what it wants, is utter madness.
I do believe Manchester City have a very significant case to answer though I can’t really see what they did that differently to Chelsea under Roman Abramovich, apart from timing because rules have changed”.
Behind a paywall. He must be getting info from his buddies about what way the wind is blowing regarding the 115 hearing and the current mood towards a regulator which they seem to fear.