Financial Fair Play, Salary Caps & The Polarisation Of Footballs Financial Model

People, it is probably fair to say, are troubled by the current financial imbalance in the Premier League. That only three or four clubs can realistically end up as the champions of England is a situation that has vexed many over the last few years, and even the thin veneer of tightness that the end of last season brought us can mask the fact that both Manchester City and Manchester United finished nineteen points ahead of Arsenal in third place at the end of last season. Coupled with the amount of money that clubs spend on trying to keep up with the Joneses, there has been something in the air with regard to the financial structure of English football for a considerable amount of time. As such, the news that the Premier League is considering a salary cap is very much a sign of the times. With a new television deal kicking in from the start of next season, some club owners are apparently starting to wonder how it can be that they are unable to make anything like a profit from the businesses with which they have chosen to get involved. For all the money that has sluiced into the league over the last ten years or so, only eight out of the twenty clubs involved managed to turn a profit in the last year for which financial...

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