Manchester City News 24/7Writer: Tudor 
Date:Wednesday October 8 2008
Time: 12:32PM
UK time is: 01:34:13
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Football Perilously Close To Meltdown
Manchester City might be the wealthiest club in the world but what about the other 91 Football League clubs struggling with mountains of debt.
Daily reports are flooding the newswires warning of serious consequences if those in charge of their respective clubs don't tighten in their belts. Player salaries have spiralled out of control with those at the top earning well in excess of £100,000 a week. If something isn't done and I mean now, millions of football fans around the country will be looking to find other clubs to support as their own might well have perished.
Monthly reports emerge of clubs the length and breadth of the country facing cut-backs or close to folding. Within the last 12 months Luton Town, Bournemouth and Rotherham were on the verge of oblivion, so how can the Football Association and those in charge of game ride out the 'credit crunch' and save the game we all passionately love.
Speaking at the Leaders in Football conference at Stamford Bridge, Chairman Lord Triesman revealed English clubs face an uncertain financial future, as they currently owe an estimated £3billion.
Lord Triesman
Click here to watch Lord Triesman's interview.
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Your Comments
An interview well worth listening to. Spurs fan Lord Triesman is also saying that the 12% annual increase in player salaries has to be thought about... And he couldn't resist the temptation to say that the "fair and proper owner" rules should involve government guidance about the human rights records of potential owners...
Sindbad
The next round of TV broadcasting rights should be interesting. Unless the financial climate changes Sky and the like won't be able to plough in billions of pounds like they have in the past. Clubs who reply on TV revenue are going to be in for a real shock!
Tudor
they are all just looking for things to have a go at our good fortune.......nothing at all was said when Abramovic took over at Chelski......
lincolnblue
I don't think Lord Triesman is aiming soley at us but in football generally.
Tudor
Probably good timing too, before the Jan transfer window
given the current state of the global economy, very few "TOP" clubs will make big purchases in fact some might be looking to trim their squad.
ArabianKnight
trimming squads.......prices will come down.......clubs will have to sell their "better" players.........its all looking good for us !
lincolnblue
Totally agreed lincolnblue. It will be as easy as taking candy from a baby! Happy days...
Tudor
We've been a laughing stock for too long! It's nice to be at the top of the food chain for once.
oliverblue
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