Timbucktoo
Player Valuation: £25m
Plenty of clubs were allowed to go bust down the years but it was when Leeds got into big trouble that something was done to address the problem. Unfortunately all this has done is help keep the top few well ahead of the rest while all the rest struggle to stay within the rules.I don't think there's any way they will admit they were guilty of anything. The whole thing is a nonsense anyway, why shouldn't clubs be allowed to spend whatever they like providing they're not loading unsustainable debt onto the football club? These rules came in after some clubs went bust and that's what they're supposedly designed to stop happening.
Maybe the powers that be should put more focus on their checks to see if potential owners are "fit and proper" to run a football club before they run clubs into bankruptcy. Sheffield Wednesday are a big example of this check not being fit for purpose.