Posted by HeatonHatter on 17/2/2020, 8:53 am, in reply to "Re: City again "
As I understand it, it says you can spend as a percentage of your revenue. Given the massive revenue that the Champions League generates for the clubs that are in it, I'm sure you can see how that creates a wall for other clubs to get into it. It doesn't make it impossible, but it makes it a lot harder.
If someone wants to come in and spend £500 million of their own money over a season to put a squad together that the following season will get into the Champions League, without any of that money being added as debt to the club's balance sheet, then I don't see what the issue is?
I understand that these are the rules and what City appear to have done is broken them by lying in their accounts, so the punishment is fair enough in that respect, but the rules themselves seem far more focussed on keeping the rich clubs rich rather than preventing any kind of financial meltdown at any individual club.
Why not have a rule that forces clubs owners to accept liability for the full duration of any player contracts registered while they're owners, to prevent the scenario where a rich owner could suddenly lose interest and leave the club with unsustainable costs?
Couple that with a rule about how much debt a club can have before being allowed to compete in UEFA tournaments, and that sorts it.