In 2008-2009 World finances took a massive hit. It seemed as though football was not party to the disaster, as Premiership clubs continued to sell out stadiums and make millions from touring cities across the world from Dubai to Kuala Lumpur.
The Premier League still brought in players at exorbitant fees, such as Robinho. Wages didn’t take a step down, with six figure salaries becoming commonplace at certain clubs in the upper echelons of the Premier League. New foreign owners continued to flood English football with their millions, taking over meager teams and turning them into money flaunting giants.
Sadly, just as the art of borrowing money took its toll on the world economy, it began to take its toll on English clubs. Owners who had fueled spending sprees with money they did not have began to severely restrict their manager’s transfer activity, while elaborate plans that had been drawn up for the building of new football arenas were swiftly swept under the table. And possible sources of revenue started to take precedence over history and legacy.
How did this happen? Well, let’s revisit and examine some of the most famous financial farces in English football.