If a super league happened interest in the Premier league would plummet. Consequently so would tv revenue. We are staying afloat by borrowing against future revenue at or above it's current level.
It's the same reason we could fold if we went down. We could be ok for a season but if we got trapped down there with stadium debts and a huge wage bill the club would be in big trouble.
We are in a particularly vulnerable position due to the stadium. Also our wage bill is a lot higher than our rivals down the bottom end of the table.
Luckily, I doubt a super league will happen and we should stay up. But to think everything is fine and rosy is delusional.
Mate. I don’t know if you’ve only just woken up from a long sleep and it’s still April 2024 in your head, but we are not on the verge of going bust.