Cable Forum - View Single Post - Football European football clubs agree to create a Super League

Carth · 20-04-2021, 10:08

These 'big' teams are also the reason why football is riddled with debt.
For years their rich 'owners' were able to pump cash into them, bidding wars for the best (haha) players sent prices (and wages) soaring. Then rules were introduced to prevent this . . . which were then circumvented by backdoor methods to increase cash put into clubs.

Debt has spiraled out of control, not only in the Premiership, and those living beyond their means are now in a position where, in any other business, they'd be filing for bankruptcy.

But no, instead of trying to reduce their debt, they come up with an idea to grab an even bigger share of the money available.
You know what will happen? Players and their agents will demand even more in transfer fees and wages for those in this 'elite' private membership tournament . . and clubs will pay, and the debt will grow, and costs of attending or viewing (PPV) matches will increase, viewing figures will drop . . . and then there will be another brilliant idea by the financiers . . . and the circle continues.

If this is allowed to happen, the Premiership itself will become a 'non competetive' league, with the top 6 (haha) having twice the income of any other club . . . and those other clubs will start looking at 'alternative' ways to increase their cash flow trying to catch up.

Professional football may eventually end up with One league, consisting of 10 mega rich clubs, and everyone else playing semi-professional for peanuts in Northern & Southern leagues.

RIP football.

20-04-2021, 10:08	#37
Carth cf.mega poster Join Date: Jul 2004 Location: At the Leaving door Posts: 4,050	Re: European football clubs agree to create a Super League These 'big' teams are also the reason why football is riddled with debt. For years their rich 'owners' were able to pump cash into them, bidding wars for the best (haha) players sent prices (and wages) soaring. Then rules were introduced to prevent this . . . which were then circumvented by backdoor methods to increase cash put into clubs. Debt has spiraled out of control, not only in the Premiership, and those living beyond their means are now in a position where, in any other business, they'd be filing for bankruptcy. But no, instead of trying to reduce their debt, they come up with an idea to grab an even bigger share of the money available. You know what will happen? Players and their agents will demand even more in transfer fees and wages for those in this 'elite' private membership tournament . . and clubs will pay, and the debt will grow, and costs of attending or viewing (PPV) matches will increase, viewing figures will drop . . . and then there will be another brilliant idea by the financiers . . . and the circle continues. If this is allowed to happen, the Premiership itself will become a 'non competetive' league, with the top 6 (haha) having twice the income of any other club . . . and those other clubs will start looking at 'alternative' ways to increase their cash flow trying to catch up. Professional football may eventually end up with One league, consisting of 10 mega rich clubs, and everyone else playing semi-professional for peanuts in Northern & Southern leagues. RIP football.