Football at a Crossroads...a thread (or threat?):
With a proposed change in the English football structure, it is ever clearer that football nowadays faces the biggest challenges and changes it has known since some guy from Rugby decided to play with his hands.
The now proposed changes could see the 6-7 richest PL clubs grab the power to decide about all 92 PL & EFL Clubs together.
As Greta would say:"How dare you!"
In 2020 there are certainly more important issues,
where changes need to be made:
Ownership system:
After Wigan, Bury, Macclesfield, Bolton, Notts County, Coventry, Portsmouth and numerous other examples, noone has even tried to fix an ownership system,
that is producing one economic disaster after the other,
because there are no proper measures in place to make sure none of these football businesses falls victim to another unfit owner.
Club Finances:
Same thing here. No proper measures to ensure the financial wellbeing
of these football companies, that are vital for the communities.
Football (not only in England) is one of the biggest financial bubbles worldwide.
With Championship clubs alone generating a net debt in 2019 of 1.1 billion, which is the same as the annual GDP of a small country.
Divide between PL and EFL:
Financially a difference between a banker in London and a waiter in the north of England.
There is no sensible money flow from top to bottom, which makes the smaller/lower clubs generate even more debt.
Covid/Economic Crisis:
With Brexit as ready as new airports in Berlin and now a global pandemic for the last 7 months, it is more and more vital to look at long term financing, especially as smaller/lower clubs are dependent on match tickets.
Attractivity of Top Clubs/Football as a media event:
Being a fan of an EFL club myself, but coming from the city of the quintouple winners FC Bayern, it is more and more clear, that professional football is heading in 2 directions, the big money media event and the real football
Going to the Allianz Arena it is more of a happening and event, than goin to watch a football game, which is more tailored for tv coverage and international customers.
All in all football has to carefully look at its identity, before a mass bankrupcy or exodus of clubs will happen.
Longterm safety of your assets has to always go before short sightet greed.
If this proposition goes through it most certainly will be a big nail in the coffin of the EFL and it's structure.
Not that the EFL wasnt working on that coffin by themselves already...
• • •
Missing some Tweet in this thread? You can try to
force a refresh