
Originally Posted by
jackal2
The football authorities are sitting back and allowing this to happen, probably because individuals at the top are happily creaming off a fair amount of money for themselves and don't really care if a few small clubs go under. The football industry is the business equivalent of the Wild West and the bad guys are winning. This includes greedy footballers taking home far more money than they ever deserve.
(Many) clubs and owners have shown they are not able to police their own finances, so the league should introduce rules that do it for them, with tight salary caps which prevent teams from overspending. Major League Soccer in the USA does this, whilst still offering fans the excitement of some big name signings through the Designated Player rule, but overall the wage structures ensure that teams in MLS are sustainable and that the games are very competitive. It's a sad state of affairs when English football needs to take lessons from the Americans on how to run things, but that's the state we're in.