I remember the demise of the USA soccer scene partly due to the high salaries that the players made.
Now it seems that a combination of salaries and economic climate that it is really going to impact the English Football leagues quite severely.
With Portsmouth being the first Premier team to enter administration, can other teams be far behind them.
Portsmouth are to let go of 85 staff, can you imagine that many people at a club in the first place?
Mind boggling, wonder how much dead weight was there to begin with ?
Already we have teams being thrown out of the Football Conference (Chester) and several others are really in financial distress.
Financial reports show a mere six of the 20 Premier League teams actually made money last season - Manchester United, Liverpool, Tottenham, Arsenal, Everton and Birmingham.
Recently we have had several clubs that have endured financial problems resulting in major problems for the teams
Wrexham, Rotherham, Stockton, Southampton, Darlington, Luton and of course Leeds. However, Leeds have recovered quite well.
Listed below are just a few that we know that still owe money to Her Majesty's Tax Man and could see administration for the first time or a continuance of one in effect.
West Ham Due in High Court soon
Cardiff - Have until the end of the season
Crystal Palace - Due back in court
Bournemouth - Due back in court
Southend - 35 day extension
Notts County - Under investigation
Liverpool will be hit really hard if they do not make it to Europe next year and miss the lucrative money that those fixtures bring in.
Could be an interesting season 2010/2011
Now it seems that a combination of salaries and economic climate that it is really going to impact the English Football leagues quite severely.
With Portsmouth being the first Premier team to enter administration, can other teams be far behind them.
Portsmouth are to let go of 85 staff, can you imagine that many people at a club in the first place?
Mind boggling, wonder how much dead weight was there to begin with ?
Already we have teams being thrown out of the Football Conference (Chester) and several others are really in financial distress.
Financial reports show a mere six of the 20 Premier League teams actually made money last season - Manchester United, Liverpool, Tottenham, Arsenal, Everton and Birmingham.
Recently we have had several clubs that have endured financial problems resulting in major problems for the teams
Wrexham, Rotherham, Stockton, Southampton, Darlington, Luton and of course Leeds. However, Leeds have recovered quite well.
Listed below are just a few that we know that still owe money to Her Majesty's Tax Man and could see administration for the first time or a continuance of one in effect.
West Ham Due in High Court soon
Cardiff - Have until the end of the season
Crystal Palace - Due back in court
Bournemouth - Due back in court
Southend - 35 day extension
Notts County - Under investigation
Liverpool will be hit really hard if they do not make it to Europe next year and miss the lucrative money that those fixtures bring in.
Could be an interesting season 2010/2011