Saturday, 24 December 2011

Fixing markets for failure never works...


The manager of former world cup winning side, West Ham United, Sam Allardyce has this to say about the Football League's incoming "fair finance" rules:

"The rules are going to cause absolute chaos and are going to destroy football as we know it unless we are very careful," he says.

"It's making finance more important. I am not saying that we want to put clubs into jeopardy – the Portsmouth scenario – but this is the entertainment industry, not a financial institution whose only aim is to balance the books."

The point Big Sam makes here is that the current rules aren't making lower league football in England less competitive - he comments in the same article about how the league is more "ferocious and volatile" than when he last managed in the Championship. Whenever the word "fair" crops up alarm bells should ring - indeed these new rules won't stop clubs failing but will make it ever more difficult for smaller clubs to build a successful run. And it won't stop clubs getting into financial trouble either.

But then no-one's listening. Always and everywhere fixing markets to favour failure doesn't work.


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