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Yep. It's in place in English rugby league and is generally quite hopeless. The only regulation I can possibly conceive that would be fair would be to limit clubs spending on wages to a % of turnover as this would at least stop sugar daddies propping up clubs. Frankly though I'm inclined to think that this is just the way of things, even if it would perhaps encourage Everton to give more than a fleeting interest to proper commercial running of the club.
I think something clearly needs to be done to control finance in football. I'm not saying something simple as a salary cap would do it, but there needs to be something done to re-introduce more competition and to stop the prices continually becoming inflated.
Right now we're in a booming market with the introduction of new money, but as in any industry, with a boom there is inevitable the posibility of a bust, and somewhere down the line another "Leeds" situation will happen. We saw the collapse of ITV digital almost take down the lower leagues so I wouldnt like to see what would happen to the premiership should a disaster occur. Unfortunately it would be clubs like ourselves who would probably suffer the most.
We will hit a breaking point eventually, its inevitable at this rate, so yes something to help control matters would definitely be welcome from my point of view.
we might see the english/british game fall to its knees, but to kill football throughout the world i just dont see it possible.
certainly more competative at both ends of the table, it appears the title, the europe spots and the relegation scrap could well go to the wire.
im not sure thats an indication of the health of the actual league, but with espn making noises about rivaling sky in 2009 for the new prem rights, it could well mean an even greater influx of TV revenue is on the horizon.
couple that with the secondary package as well as heightened sponsorship and players, agents, and club owners sense the kind of windfall not even dreamed about 5 years ago.
we might see the english/british game fall to its knees, but to kill football throughout the world i just dont see it possible.
fortunately there are people like kenwright who had enough cash (just) and cared enough to step into the breach when the club closest to his heart needed him. there are others out there that are similar, didnt ken bates rescue chelsea?
although englands international hopes are in tatters (rightfully) the world cup will continue to be the world tournament with the most prestige. the european championships will keep international football ticking over in between. and coca cola, mcdonalds, nike and some car company will continue to pour money into each respectively so as to bask in the reflected glory of world sport.