BlackGold
Vital 1st Team Regular
Well, my point was how does an owner spend without lumbering the club with debt?See Chelsea and Man City.
Whilst Man City and Chelsea have spent billions, their turnover is £880m and 560m...at least twice, maybe three times ours.
They're not going to default on their debts, plus nation states are kinda liquid.
A run of the mill billionaire could quite easily lose everything.
Whilst their empire is crumbling, how does a key asset - a football club - factor in their list of priorities? I'd guess fairly low down.
As such, will they continue to spunk millions during a season?
Who, therefore, covers the debts they owe...first and foremost, the tax bill.
No-one, thats who. That why they'll seek administration.