It seems that joe cole might be leaving to old trafford. I dunno, hes when he is on form but damn what an injury prone player. I would have been pissed if he joined arsenal. We already have to many of that sort....





Unless they suddenly change their signing policy I really doubt that's going to happen.Arsenal need to also bolster their team too, a strong goalkeeper and centre half and target man. Big time players who have proven themselves. I can't wait to see Chamakh play though, I hope he settles fast.

, it's really annoying when I see all the salaries these dudes get. You know he's never played a full season at any of his previous clubs?? He's a good player but Man City got mugged.
It is a problem because of the financial disparity and instability it causes in a league and in football in general. It inflates the market, creates inbalance and eventually can result in the collapse of footballing clubs. Most clubs in the world cannot afford the prices being paid, so they go into debt to pay and to stay competitive.I am not sure the amount of money the players are paid are an issue... Teams like barca, real madrid, manchester (city).... they all want to exceptional for their own teams so it makes perfect sense to pay a load of money. If I am the best player in the world, I'd very much like to make a salary worth the best player in the world. If I am an elite player then I would obviously want a salary worthy of an elite player. Of course, the love for the sport should not be forgotten but that is an overwhelmingly pathetic excuse to not pay good players high salaries. Players can love the sport just the same regardless of the amount of money they make but if they have a chance then it is perfectly logical they would love the sport and have $100'000.000 dollars than just love the sport and make $1'000.000....

I understand when you say that not all debt is bad. My club (Arsenal) are 100 or so million in debt, though that debt is not bad and should easily be paid back within the coming years. It is manageable. However the problems is that vast majority of clubs have unmanageable debts. Take Liverpool and Manchester united. The two biggest clubs in English football, and both have staggering debts that are ridiculous and essentially bad for the clubs. While both debts were not originally because of player wages/ transfer fees (due to stupid owners), it has added to the problem.CLubs going into debt is not necessarily a bad thing. Quite frankly, it is a very natural business course. To a great extent, not going into debt can be a severe mistake even if apparently unnecessary. Not going into debt means losing liquidity (since you pay everything instantly) which can be an overwhelmingly stupid mistake. Even if clubs for some reason did not go into debt for players they'd still find a number of other things to get in debt with. It is just so much better to pay later than to pay now....
My knowledge of the NBA and NFL doesnt go beyond knowing how to play the sports. However i think im right in saying there is no relegation in those sports. This is a very important point. When a team in european football reaches the highest league, its profit usually increases because of better TV deals, coverage etc. In some countries the difference is negligible. In others, mainly the bigger leagues the difference its incredible. In England, relegation from the premier league causes a average football club to lose in the region of 50million pounds a year in tv deals alone (the second league under the Premier league gets on average only 1m). So clubs will do everything once promoted to the Premier league to stay in the Premier league. Including paying ridiculous wages and salaries. The clubs pay a lot to first get into the premier league through promotion, they pay even more so the dont get relegated, they then go into debt and try to climb up the table by paying more and more, until they cannot sustain it and they collapse. Im sure you can see, its a vicious cycle. While its still usually only to the mid to smaller clubs (only Leeds united are the only big club thats fallen that way in recent times). Its could happen to the bigger ones aswell in lesser way. Example liverpool right now. This adversely affects the league.That said, it is true the england case is very special. Every league has a number of low key A league teams, a few above average teams that have an honest short at winning the league with a little luck and 2 teams which usually dominate the league(Spain for instance, where real madrid and Barca dominate the league easily). In contrast, England right now has 4 teams of that level (manchester, arsenal, manchester city and chelsei) along with some other very decent clubs. That would naturally cause in the increase in wages and whatnot since there are so many overwhelmingly competitive teams. Still, the problem here is not precisely one of inflation and whatnot. Just look at the absurd salaries rookie players in USA professional leagues get paid... Its overwhelmingly stupid, I remember a rookie for american footaball who got a contract for 70 mil.... he wasnt even a pro player before that, he was a worthless rookie... Have we seen NFL or NBA crash down into oblivion? Nope, they are there and are as profitable as ever. In that sense, it is perfectly plausible to have grossly overpaid players without putting the sport in danger. The issue here is clearly not one of inflation and whatnot but rather about the clubs being smart. The problem here would be when clubs go into debt any reasonable person would deem absurdly risky. The problem is going into more debt than what you can plausibly pay. Overpaid players and debt are not the issue, the problem is a club randomly going stupid and paying its players more than it knows it can't or get into a debt they cannot pay.
Out of the 'Big 4' It's probably the smartest debt of all. You've got a 60,000 seater stadium to show for it.I understand when you say that not all debt is bad. My club (Arsenal) are 100 or so million in debt, though that debt is not bad and should easily be paid back within the coming years. It is manageable.
The funniest thing about both these clubs debt? They are basically paying their owners for the privilage of being owned by themHowever the problems is that vast majority of clubs have unmanageable debts. Take Liverpool and Manchester united. The two biggest clubs in English football, and both have staggering debts that are ridiculous and essentially bad for the clubs. While both debts were not originally because of player wages/ transfer fees (due to stupid owners), it has added to the problem.
Actually since the leagues are run as businesses they be left to fail (Google NASL). The thing with american sports is at the professional level it's a lot harder for the top clubs to hoover up all the top youth talent as the draft system means the league's worst team tend to get the best shot at the best youngsters. Plus the salary cap means that no matter how badly a team wants to bring in a group of galacticos, they can't if their combined wages go above the cap. Give Arsenal their due, they have a pay structure and they stick to itThe vast majority of debts currently held in the premier league i would say are "bad". Im not a buisness whiz (in fact my buisness sense is shit) but just look at how it currently stands, club debt. Only 6 clubs have an operating profit, and correct me if im wrong but it seems judging from a lot of clubs operating profit and interest payments, its really fucked. Now most of these clubs are in this mess directly relating to wages and transfer related business. I should say though the premier league is an extreme example and the worst in regards to debt in europe.
My knowledge of the NBA and NFL doesnt go beyond knowing how to play the sports. However i think im right in saying there is no relegation in those sports. This is a very important point. When a team in european football reaches the highest league, its profit usually increases because of better TV deals, coverage etc. In some countries the difference is negligible. In others, mainly the bigger leagues the difference its incredible. In England, relegation from the premier league causes a average football club to lose in the region of 50million pounds a year in tv deals alone (the second league under the Premier league gets on average only 1m). So clubs will do everything once promoted to the Premier league to stay in the Premier league. Including paying ridiculous wages and salaries. The clubs pay a lot to first get into the premier league through promotion, they pay even more so the dont get relegated, they then go into debt and try to climb up the table by paying more and more, until they cannot sustain it and they collapse. Im sure you can see, its a vicious cycle. While its still usually only to the mid to smaller clubs (only Leeds united are the only big club thats fallen that way in recent times). Its could happen to the bigger ones aswell in lesser way. Example liverpool right now. This adversely affects the league.
This is why the Premier league is more vulnerable compared to those american leagues, the clubs are caught in a cycle of debt and more debt causing the whole league to be unstable. There is not such thing in America. The "franchises" are not relegated, nor is such extreme financial consequences put on them for not performing on the pitch. Its even fairer with the picking of upcoming talent (another thing that is totally fucked up in football), so there is always chance of improvement. Coincidently, if on of those American leagues become unsustainable im sure it will be bailed out, or a new league formed. They're essentially the only major leagues in their sport. Without them there is no sport. Not the same in football. If the Premier league collapses, its englands problem to fix. Football will continue. Your last point is interesting though, i agree with you clubs shouldn't be stupid and pay over the odds. The thing is, football clubs are run by idiots.