Where in buggery did this miracle come from?
It is notable that this breakaway movement appears to be largely US-inspired, with billions of dollars of backing from JPMorgan. The motivation would appear to be the replication of the elite status of some American sporting clubs in their supposed competitions where relegation, and so failure, has been made an impossibility, resulting in the possibility of perpetual super-normal profits for those clubs who at the point that a League is created are considered exceptional, and so worthy of this guaranteed income stream.
Bit overwrought but at core accurate. Yep, it’s to create a cartel.
Think about this in terms of economics, and what becomes apparent is that this represents a straightforward intention to lock in monopoly profits for the benefit of these clubs, at cost to the rest of the Football League, football fans, society at large and the whole idea of competition which should underpin sport.
Didn’t last long though, did it? The major losers are football players, the workers. The winners the capitalists – as usually happens with monopsonistic cartels.
Yep, he entirely misses the impact upon the players. So, not so right after all.