I attended the UK Parliament's enquiry into football governance last week. There was a hearing yesterday too, where the Football League said they were terrified by the amounts of debt clubs were incurring. The talk I was at had two opposing sports economics specialists debating the key points. One was a free market libertarian who argues that nothing is wrong, the other is a (Irish) guy who takes a more left wing / interventionist view who has written on the regulatory disaster that is the EPL and English football. The new UEFA regulations will have some positive effect I hope.
I've been studying the economics of professional football in the evening for the last 18 months. Very interesting stuff.
In the last decade over 30 clubs have gone into administration.
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