Even Celtic fans will agree that Rangers are a massive football club and so to see it go into administration is a real concern - and should be to the rest of football.
Of course Premier League, La Liga and Serie A clubs will point to the fact that TV money has all but dried up in Scotland and that the money continues to flow in England, Italy and Spain. Maybe ... for the moment.
The UK tax authorities are now looking at eight clubs in England and given the global financial climate at the moment, it's hard to believe that equivalent bodies in other countries aren't doing the same.
I wonder how many Arsenal fans are now looking at the situation at Ibrox and thinking: Maybe Wenger isn't so daft by not splashing the cash on over-priced stars after all. Better a top six finish and a team to follow in future season than total financial meltdown.
If the big clubs of Europe think that the TV money will always be there to bail them out, they are just kidding themselves. Anyone remember NTL?
I've set up this blog (Monday-Friday) to give extra coverage to teams I cover for the national press. Any views and opinions are all my own. Best wishes, Jeff. Follow me on Twitter and I'll update you each time I blog. http://twitter.com/JeffTaplin P.S. During the summer break I reserve the right to ramble on about anything and everything!
It's only a real concern to clubs that are being managed badly. Clubs that pay their taxes, pay their bills and pay/recruit their players sensibly have no fears. Celtic have no worries.
ReplyDeleteAgree completely - and I'll admit I don't know too much about Celtic's finances - but it was meant to be a general comment about the many other clubs that seem to have their heads buried in the sand and think the gravy train will never end.
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