I think they key though, is that so many beleive the prem to be a pot of gold
That the money that comes in from TV solves all your problems, and can get you into the champions league.
6 or 7 years ago, maybe. Not now.
Even in the prem, its clear now that a clubs actual income isn't enough. Even those in the top 4, with the additional champions league income, are heavily in debt and need outside investment.
Clubs are gambling their futures on promotion to the prem, but once you get there it jsut gets worse.
Its patently unsustainable.
Just like the housing market was.
Just like the spate of 110% mortgages to people with s**te credit was.
People will keep believing it can carry on, because that's what they want to believe.
At some point, it WILL fail. Some creditor will take action, which will shock others into realising just how toxic the debt they have is.
When that happens the house of cards will fall.
When it does, we will be treated to lots of soul searching and hand wringing about how awful it all was and shouldn't have been allowed to happen.
Even though it obvious to any sane person that the current situation is madness, and cannot carry on.
Posted By: megson on June 2nd 2009 at 16:19:34
Message Thread
- Football is dying (Other Football) - BerlinCanary, Jun 2, 15:29:26
- Its not just the Premier League though (Other Football) - Klobo04, Jun 2, 16:12:38
- I think they key though, is that so many beleive the prem to be a pot of gold (Other Football) - megson, Jun 2, 16:19:34
- A year in the Premiership hardly did us any favours financially (Other Football) - Klobo04, Jun 2, 16:21:06
- Indeed, and typically that was a point in which it was fairly sustainable. (Other Football) - megson, Jun 2, 16:24:30
- Newcastle I would think are even more up shit creak than Leeds were (Other Football) - Klobo04, Jun 2, 16:28:52
- Indeed, and typically that was a point in which it was fairly sustainable. (Other Football) - megson, Jun 2, 16:24:30
- *the* key. (n/m) (Other Football) - megson, Jun 2, 16:19:50
- A year in the Premiership hardly did us any favours financially (Other Football) - Klobo04, Jun 2, 16:21:06
- I think they key though, is that so many beleive the prem to be a pot of gold (Other Football) - megson, Jun 2, 16:19:34
- Sadly this is interesting, but seems to have got lost on here today (Other Football) - megson, Jun 2, 15:52:38
- Arsenal boasted their ?300m debt was sustainable because they built a new stadium (Other Football) - pants, Jun 2, 15:31:18
- Because they're having trouble selling the flats on the old ground... (n/m) (Other Football) - BerlinCanary, Jun 2, 15:34:05
- they do look a little odd... (n/m) (Other Football) - shoddy, Jun 2, 15:35:37
- Because they're having trouble selling the flats on the old ground... (n/m) (Other Football) - BerlinCanary, Jun 2, 15:34:05
- Its not just the Premier League though (Other Football) - Klobo04, Jun 2, 16:12:38
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