Anyone interested in the economics behind the Most Popular Sport in the World could spend their time in a lot worse ways than reading Leander Shaerlaeckens' piece on the financial perils facing many of the world's top soccer teams. The article can be found here.
Shaerlaeckens correctly points out that the leadership teams of many clubs have used debt as a crutch to prop up transfer and wage spending, often to the point where revenues cannot even match these most basic spending requirements. However, he also notes that this will continue so long as regional banks and governments allow it to. Maybe it is a case of 'the rich keep getting poorer,' however it is tough to see things changing until a systemic breakdown occurs, something that seems unlikely so long as fans remain voters.
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