Interesting read
https://www.theguardian.com/football...ns-tv-earnings
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Interesting read
https://www.theguardian.com/football...ns-tv-earnings
Borrowing money at 6/7% interest against future income is a path to disaster. When will it ever stop.
I was reading [somewhere] this week about the potential income that the PL is looking at with the changes in how people view their media. Effectively it'll all be pay-per-view across the globe with the clubs getting paid individually. It looks like vomit-inducing wealth for the top clubs, but has all the potential to go pear-shaped, though I guess that's what's driving the clubs to speculate. Ironically, the clubs don't get any wealthier - it nearly all goes in players' salaries. As an aside, one club not mentioned is Tottenham. They're now three quarters of a billion pounds in debt..