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I have always abhorred the idea of money-driven football. While capital is crucial for the sport's development, if football becomes saturated with capital-driven investments, it won't last. The bubble will inevitably burst. Hence, I am relieved to see many top clubs now subject to Financial Fair Play regulations, indicating that measures to prevent football from becoming a money-driven bubble are indeed effective.
Some may wonder why organizations like UEFA and the English FA intervene to restrict finances when more investment seems beneficial. However, football associations must have a forward-looking perspective. They recognize that while current investment may seem positive, excessive financial inflows beyond a club's natural income are unhealthy. They anticipate the risks of overreliance on capital and the potential fallout if investors lose interest.
Therefore, football associations worldwide have introduced their own Financial Fair Play regulations. For instance, Everton received a six-point deduction for breaching these regulations, while Manchester City currently faces 115 charges. Chelsea also risks litigation if they fail to sell players by June 30th. The English FA's proactive stance is evident, as demonstrated by the minimal spending in the recent winter transfer window. Clubs fear potential investigations and subsequent repercussions.
Personally, I believe Manchester City has long violated Financial Fair Play regulations. Their extensive spending and wages, despite a limited fanbase and revenue, surely involve accounting irregularities. While legally unproven, this behavior is unsustainable. Thus, I was surprised when the English FA initiated proceedings against Manchester City. Despite the potential loss of prestige, the FA must address these issues for the long-term health of English football.
Ultimately, I hope football remains thrilling without being dominated by money. As a lover of the sport, I yearn for its purity, reminiscent of its origins. |
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