I feel the game and the financial models around are in a great degree of flux mate and i think rules and regulators are just bewildered and confused in terms of what to do. The game has changed radically in 10 years in terms of models.
Traditionally, the only way to run a football club in the main was create revenue and invest it, the more you create the better you are, the gap was small amongst clubs and still required skill as opposed to gazumpoing. Utd, Juve, Real, Barca, Bayern all had the leg up here. Utd, Arsenal, Everton, Spurs and Mordor had it domestically.
The advent of Abramovich, to City and now Newcastle - that will be followed by Mordor and Utd - sees a different kind of wealth we are talking sovereign wealth funds with more then the GDP of counties at their disposal money become irrelevant.
The intention of Fifa, Uefa, PL EFL etc - is to make the game both sustainable and competitive - hence FFP/PSS. But waht is actually playing out in Europe and to an extent domestically is civil war and the powers at be dont know what to do.
Utd, Juve, Real, Barca, Bayern without sovereign wealth - want either a Super League, or strict cot controls as they cant keep up. City, PSG, Newcastle and soon a few others will want the brake taken off as its restrictive to them building and raising their profile. Fifa, Uefa, PL, EFL etc have to balance those two opposing forces very carefully - the issues a break way, clubs going insolvent trying to keep up or sovereign wealth funds absolutely mullering football through getting money into their clubs - that the power that be dont have the infrastructure to assess or stop all the while getting pressure at both points. Its an arms race and you are either on the side of chasing insolvency to keep up or pushing the boundary on what you can spend to push the ceiling higher and leave your rival behind. Something will give.
In our case, i see us as having a wealthy owner - who is remarkable for his investment - i dont think the investment comes from him -its over £850 mill - but that a different point - we have access. We spent that access stupidly and managed and continued to manage stupidity, like a rich mans plaything which is prob what we are. We are utterly dependent on that investment though, with no guarantees. That dependency leaves us at huge risk, as ive been saying for a while and its highlighted in the accounts yesterday - if we go down - we are in massive trouble - we arent coming back up for a while in my opinion - the EFL would nail us.
Ous issue is the P/S rules, growth helps that and that the point really, if it wasnt for the rules i think wed be deeper into this and wouldn't be bothered to much by loss - if my ownership theroy is correct. I think its going to be rules that scupper us as opposed to access to finance, just based on the scale of investment that been put in so far and again this year - seems like a never ending pot - its quite staggering. So are we part of City's, PSG and Newcastles - relying on owners or Utd's, Real and Barca and Bayerns relying on revenue - prob the former unless Moshiri pulls up the ladder.
he'll just try to ignore you though mate.
