Wednesday, 22 September 2010
Conservative Home has written about how Jeremy Hunt could become the champion of supporters-owned football clubs.
But there is another solution. In both Liverpool and Man U's situations, the buyers borrowed heavily to get the clubs and then put that debt onto the clubs' books.
That's right, make the clubs pay for the buyout.
And it's completely legal.
And in my opinion wrong.
As much shadenfreude as could be had from seeing these two clubs fall, it cannot be right to push a club into debt because you've bought it.
Man U only made a profit because of the selling of Ronaldo otherwise the debt would have had probably the most successful club in the UK make a loss.
Get rid of that legal move first - we might see football remember a time when the fans were as important to the clubs and players as money and cups are today.