Chelsea doing a Leeds is entirely dependant on Abramovich. Definite possibility no?
United, well not much chance of a Leeds, but they have been massively hamstrung by the debt. They've not done a Leeds but they've done an Arsenal. A couple more Sanchezes etc and the Leeds scenario isn't so crazy.
Spurs, no idea about their repayment plan but the increase in gate revenue should easily cover the repayments. Haven't really been relying on CL money either so probably wasn't a part of their budget plan. Naming rights to bring in a lot and they've got prime north london real estate to flog so should be ok really.
Liverpool's stratospheric wage bill is definitely worrying. i think it was a painful £243m in last years accounts and risen dramatically since then, they need to keep selling their best players to stay solvent. They'd have recorded a massive loss if they hadn't sold their best layer to Barcelona. For me, they are on the brink far more than the other 3. Which is a shame.
This is it. I am surprised he was so derisory at the suggestion it was possible. He then seemed to defend that position by throwing in 2 or 3 other teams it could very easily happen too as if this made Liverpool's position any more secure. A rather odd response.
Chelsea are going through managed decline. Is Abramovic pulled out though, and demanded his money back there would certainly be problems in the short term. I think they are teetering to be honest. I remember with Leeds there were a couple of seasons like they've had and then it all went wrong.
United is right too. Their brand is declining in relevance over time. The only thing I would add, is that they are almost like Arsenal but keep trying to act like Real Madrid. I have concerns for them over this OGS appointment.
Spurs should be ok. The debt payments are enormous though (well over double what we are forecast to have to pay back, and could end up 3-4 times as high).
Liverpool you have the issue of the debt, and that wage bill is enormous. It only takes the growth of the game to slow up a bit, or reverse a bit and it's a big big problem, when factored in together. Are you saying I am correct in saying there £450m turnover was also dependant (in part) due to Coutinho? If so they will need to sell again in the summer? Maybe Mane for 50? Sarah for 100?
Thats some wage bill though, over £250 million quid. Miss the CL once and you are done, as they were under Benitez. Had the authorities not stepped in Hodgson would have taken them down that season with the fire sale in January. It's a big gamble what they are doing, enjoy it while it works, but don't go crying if/when it doesn't and expecting sympathy and to be bailed out again. There would be some poetic justice in them going the way of Leeds.