Quote:
Originally Posted by Locke
And the thing is, its hard to even blame COVID. Sure, its not helping by keeping fans out of the stands, but these clubs make unthinkable money on TV deals, sponsorships, etc.
Its just terrible management.
I wouldnt be surprised if, on an annual basis Barcelona makes more on their TV revenue than the entire NHL.
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Covid really has exposed how tightly some of those clubs are calculating. They are reliant on steady cashflow and they just have no reserves at all. So if all of a sudden the money stops coming in, they are in a lot of trouble fast ... and of course those who have already worked badly will go belly up first. Just look at Germany, where Schalke is drowning both on and off the pitch. It's amazing just how quickly the wheels can fall off.