The LOI is in the same boat as many leagues in the World. Clubs in the K-league are releasing players due to financial difficulties, the British leagues have clubs in serious trouble (I know I've read it on this site on the feed thread regarding the total debts of the EPL). The LOI is ours, so we look at it more, and it's good that we do instead of deflecting. We could easily look at one of the richer leagues in Europe - the Russian Premier - one club is already gone FC Moscow. Their backer pulled out and the club folded. 3 other clubs - Spartak Nalchik, Krylia Sovetov and Amkar Perm are all struggling, while 2 clubs Sibir and Tom both barely made it through last season. The division below saw teams fold mid-season the last 2 years and yet the top clubs are still paying players excessive wages.
But again that's just deflecting - "at least we're not as bad as......" The LOI is in trouble but it won't take a massive amount to fix it.
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