By Eric Beard
As I take a study break from my Macroeconomics final to write this, everything I am retaining from Joseph Stiglitz and Greg Mankiw’s textbooks tell me that I should be cheering on Spurs today as Harry Redknapp’s squad prepares for its season-defining game at Eastlands to take on Manchester City. Still, I can’t help but love Roberto Mancini and that scarf. Oh that scarf.
Anyway, if anyone read my piece as to why the Bundesliga is a better, more financially sound league than the Premier League, then you know why Manchester City qualifying for the Champions League is bad for English football.
If you didn’t read it, well the gist is that no team in any league around the world should ever splash cash like Manchester City plan to do. Because once Manchester City become powers in the Premier League, all other teams will try to keep up to stay competitive. The thing is, when clubs try to keep pace with City in terms of player salaries, transfer fees, state of the art facilities, etc… that is when some of England’s best clubs will be forced into financial ruin. While I know that if City qualify then they may attract stars such as Kaka, David Villa, Ibrahimovic, and whoever else you can think of that makes far too much money. But at what cost?
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