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  • dsteer_lfc_68 dsteer_lfc_68 Jan 19, 2013 01:34 Flag

    Are Yanks better than Arabs (or any other rich oil tycoons)?

    Well let’s wait and see shall we. Maybe I'm just a little more of an optimist to your pessimism, but that is not something we did not know already. But the two things that make me think it will have an impact, even if it’s not perfect and some do try to go around the regulations are 1) this is not something imposed from above, but something the majority of clubs in Europe want, and therefore are likely to complain about if it’s not enforced, and 2) those clubs like City and Chelsea who do have the resources to ignore these new rules are in fact already making moves to try to comply: Chelsea by stating they want to turn a profit and actually achieving it in their last financial year reported, and City by slowing down their spending and reducing their losses.