johnnytodd
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Apologies for serious post and the missing word ' failed' in title but this was interesting reading. Here is a snippet and link to full atricle it was taken from. Merry xmas.
Financial Fair Play (FFP), a European scheme to prevent rich owners from buying championships by pouring unlimited wealth into loss-making clubs. In theory, FFP should improve competitive balance by shrinking the budgets of teams owned by billionaires. In practice, it has simply frozen the pre-existing hierarchy in place. Clubs that have already built up large non-television revenue streams—primarily Arsenal, Liverpool, Chelsea and the two Manchester teams—remain free to invest the cash they receive from merchandise and ticket sales in player acquisitions, while their weaker rivals no longer can hope to enter the top tier by finding a profligate patron. Just four of the EPL’s 20 clubs—Liverpool, Chelsea, Manchester United and Manchester City—accounted for roughly half of this year’s summer transfer spending.
http://www.economist.com/blogs/gametheory/2015/12/competitive-balance-football
Financial Fair Play (FFP), a European scheme to prevent rich owners from buying championships by pouring unlimited wealth into loss-making clubs. In theory, FFP should improve competitive balance by shrinking the budgets of teams owned by billionaires. In practice, it has simply frozen the pre-existing hierarchy in place. Clubs that have already built up large non-television revenue streams—primarily Arsenal, Liverpool, Chelsea and the two Manchester teams—remain free to invest the cash they receive from merchandise and ticket sales in player acquisitions, while their weaker rivals no longer can hope to enter the top tier by finding a profligate patron. Just four of the EPL’s 20 clubs—Liverpool, Chelsea, Manchester United and Manchester City—accounted for roughly half of this year’s summer transfer spending.
http://www.economist.com/blogs/gametheory/2015/12/competitive-balance-football