Re: 2012-13 English Premier League/Cups Thread (Wake me up when November ends :'()
fantastic article on the farce of incorporating a salary cap into the competition now. it's not about being fair. it's about ensuring that the gap gets wider than it is already.
pretty good article. The 5% thing is something thats a big concern for mine if regulations come into effect. Say for examples sake that United/City/Chelsea etc are spending 100 mil a year. 5% on that means they can spend 105 mil, then 5% of that is another 5.25 mil so they can spend 110.25 and so by 3 seasons they can be up to 116.0125 so lets say 16 mil extra. If you have West Brom, Reading, West Ham etc spending 10 mil then after 3 years they be up to 1.6 mil extra. So the gap in spending is still 10x as big in just 3 years, irrespective of whether a team is going well and looking to buy higher profile players. Not to mention that now all the top clubs have a ton of 'assets' in players that they can sell to help them out as well that the smaller clubs may not have.
It won't stop a team from going bankrupt, and it won't stop the rich who aren't going to go bankrupt anytime soon from spending more and more money.