Of course, there's a simple solution to all this, which is to bin PSR and ban all state ownership or involvement in football clubs.
Convenient how the "simple solution" is the precise one that means we're more financially powerful than nearly every other club (until our ownership changes) but screws the very few clubs who we'd still not be able to compete with.
He's arguing for a free market where clubs like us with rich owners aren't limited in what we can do. So yes Liverpool would still have spent 400M. It just means we could have spent 200M and not a negative net spend. The bigger point is under the current model because our commercial revenues will never be that of Man U or Liverpool we will never be able to catch up. And we will forever be selling our best players to essentially stand still.
We’d have spent £200m and added a fortune to our wage bill. So our BAU outgoings would be way way higher than our income. What happens if you still dont get champions league and the owners get bored? We’d be 2018 all over again.
I think all clubs should operate within their means.
All premier league clubs have a huge wealth of assets made up by stadiums, training grounds, playing staff and huge commercial and television contracts.
There is no way a premier league club get into financial jeopardy nowadays, and even if they did, there are buyers lining up to jump in.
Chelsea and Man U were up to their eyes in debt when buyers were happy to buy in.
The financial restraints are not fit for purpose and trying to fix a problem that doesn’t exist.
