Saturday, 6 February 2010

Where did it all go wrong?

They lived the dream” became an expression synonymous with failure following Leeds United’s demise in 2004.

Sadly lessons haven’t been learnt from the West Yorkshire club’s misfortunes if recent events are anything to go by.

First up Crystal Palace, who after battling all season finally lost the financial war and fell into administration with debts of more than £30 million, becoming another sad statistic in the grim, foggy, world of football finances. Palace have joined the likes of Leicester, Leeds and Southampton – all former Premier League sides who have all called in the administrators.

Desperate to board the Premier League gravy train once again it appears Palace have gambled too much since spending the 2004/05 season in the top flight. They were immediately cast back into the Championship with players stuck on huge wages and the taxman left unpaid.

Read the rest of this entry.

No comments:

Post a Comment