More clubs could collapse

A leaked FA report suggests that more clubs could collapse because of unsustainable wage payments to players.   It is interesting that the accompanying commentary notes a tension between financial prudence and an economic model that continues to draw investment into the game.  Football economics may sometimes be crazy, but they are often crazy for a reason.  

A leaked FA report suggests that more clubs could collapse because of unsustainable wage payments to players.   It is interesting that the accompanying commentary notes a tension between financial prudence and an economic model that continues to draw investment into the game.  Football economics may sometimes be crazy, but they are often crazy for a reason.  


Many years ago a famous football historian said to me that the essence of watching football was suffering for a club you were devoted to.  But for better or worse, the world has changed.  Football has become part of a glitzy media-driven world of celebrity enterainment.   Some rich individuals are willing to burn through millions to be part of it.   Others see a chance to make millions, but few do: losses are worse than even in the airline business.


Tax hikes and the continuing decline of sterling are already making the English game less attractive to top overseas players and may eventually undermine the Premier League model.  Salary caps work in some sports, but they don’t have such rapacious agents as football.