Sexton Blake
Well-known Exeweb poster
- Joined
- Dec 16, 2011
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Copied and pasted from internet:Taking inflation into account, that fine would be similar to a 70,000 GBP penalty today.
UK Inflation Rate, £5,000 in 1974 to 2019
According to the Office for National Statistics composite price index, today's prices in 2019 are 933.57% higher than average prices throughout 1974. £5,000 in 1974 is equivalent in purchasing power to about £51,678.43 in 2019, a difference of £46,678.43 over 45 years.
Still a lot of money and to say the action taken by the football authorities at that time was draconian would be putting in mildly.