“Oh, you’re having financial trouble? Here’s a punishment to make things worse for you!”
Comment on Sheffield Wednesday file for administration with 12-point deduction imminent
Denjin@feddit.uk 1 week ago
Preface: I know nothing about football
I get that there should be some sort of punishment for financial mismanagement but when the difference between playing in the championship and the Premier league is £millions it seems shortsighted to basically make it so there’s no chance they could get promoted and quite likely that they may in fact get demoted meaning they’ll lose out on huge revenue and make them a far less attractive for an investor to buy in or bail out.
WALLACE@feddit.uk 1 week ago
tankplanker@lemmy.world 1 week ago
The reason the Premier League was created was for the teams in the Premier League to keep more of the money by sharing less with the lower leagues.
The Premier League earns so much more money than the lower leagues its impossible to get into and stay in without a rich sugar daddy.
Even if you do get up with money to spend as Forest found when they got promoted, the cap on your spending is greatly reduced for that first year so you struggle to compete without a points reduction for overspending.
The rules exist to pull up the ladder as much as possible. One of the main goals for any European super league is to remove relegation and promotion. Its about locking in that revenue stream.
Having said all that, the punishment is there to stop the club being pillaged or mismanaged as in this case. The threat of a points deduction stops anybody sensible from just borrowing their way up the league without being able to pay for it. We had clubs getting in all sorts of messes and far more often as they tried to buy titles.
This owner is far from rational, best case was his plan was to sell it to a friend for a pound and wipe off the debt, and thats me being very generous to his ability to plan ahead.