Guff football is pish

[Stupie82]

I did think it was one of the most ironic quotes ever last week when Pep from Man City said 'the money from Chinese football is ridiculous and will destroy the game".

He is not wrong, Chinese football could be the nail in the coffin, but English Football has been at the forefront of ridiculous spending for years and joking aside, i think English football is utter ****e. Its marketed very very well and breeds the illusion its fantastic.

However, like all economical bubbles, the football one will burst eventually. Over inflated ticket prices, player wages, ridiculous transfer fee's, huge debts and higher tv subscription rates for viewers will ensure it cant last forever. It may take a company like BT or SKY to go tits up, it may take a huge club or two to go under or it may take some rich **** like Abramovich to walk away from and the rest will come tumbling down. Lets not forget, the 1bn he has ploughed into Chelsea is a LOAN!

One the major factors surrounding the financial crisis of 2007 was that not many saw it coming. The big financial players took it all for granted, got greedy and the whole lot came down. In the US, Mortgage backed securities were still deemed a good investment even when the companies behind them were told it was going to collapse. Football is perhaps a different animal, but the principles are the same.

Take Bournemouth, a club that spunked £40 last summer and play in front of 11,500 fans at Dean Court... they are purely financed through TV money.. if it goes, they go and there are many clubs budgeting purely on TV money. Its completely unsustainable. BT and SKY combined spent £5.1Bn on English football and another £1bn on Champions League football... its an absolutely incredible amount of money, but will it last? It may not go tits up this year or next, but it has to one day. The wages and debt will outstrip revenue so much that it has to fail eventually...