Frankly speaking..... I think the Premier League clubs are in
bad financial shape now precisely because of the formation of the
Premier League in the early 90s.
Back when it was just known as Division 1, all clubs in the top
four divisions shared all the TV rights money together.... you
didn't hear of clubs going kaput then.
Then 24-odd clubs broke away to hoard all the TV rights money
for themselves by forming the Premier League.... the end result was
a huge chasm between the Premiership and the Championship.
Championship teams that got promoted would often get relegated
quickly because they couldn't afford to buy top players to stay in
the Premiership, and Premiership teams saw their budget deficits
balloon just to keep up with the others. Inflation quickly set
in.
Back when I was in Primary 6 (1995), the transfer of Andy Cole
from Newcastle to Man U for 7 million pounds was huge news.....
now, 7 million is absolutely laughable....
even within the premier league, u have the champions league
teams who will get lagi more money
the rich get richer, the poor get poorer.
they should just swap back to the old European cup where every
european nation's champion get to play, not 2nd or 3rd or 4th.
but then, they wouldn't earn loads of money... because money
wise, i rather get all the top teams in and use their fan base to
earn money
