- Jan 4, 2020
I hope you are right and I'm sure City are in a a much better position than most EFL clubs. But listening to a recent episode of the always excellent Price of Football podcast the football finance expert Kieran Maguire outlined a few points which made me ponder. I think the gist of these were that 1) most big transfer deals are paid in installments ( as in the case of Watkins' move to Villa); 2) this has left many millions (billions?) owing between clubs; 3) many clubs (even big clubs) are not being run in a financially sustainable way; 4) If one or more of these clubs were to go belly up they would leave substantial amounts of transfer monies unpaid, which could have a serious implication on others. 5) Covid hits income streams beyond just people coming through turnstiles and big clubs aren't immune. He drew comparisons with the conditions before the 2008 financial crash.Thanks - now I can relax !
It made me think.