There are sides to the establishment of the ESL which are a bit under-communicated in my opinion:
- The bigger the clubs the more cash they bleed due to Covid in absolute terms
- Owners and Clubs are getting desperate because of this. Some have deeper pockets than others, but the figures are appaling
- FIFA, UEFA, National Leagues and National Governments expect the bigger clubs to increase their support of the pyramid through increased redistribution downwards - this will further erode the cash flow of the bigger clubs looking forward
- The cost base is fixed in the medium turn - player wages on running contracts will not be reduced significantly
- Non of the footballing associations are able to come up with viable solutions for the mid-term future due to conflicts of interest and governance problems
- Goverments say sport will have to solve its own financial problems
It is very easy for fans and pundits to moralise about other peoples greed . I have yet to see anyone cough up good ideas to increase revenue or reduce cost.
Public opinion is that owners should shoulder the losses, sell or go bankrupt quietly and passively as they please.
Good post.