European Super League row has advertised that club owners are anxious over debt and revenues
At one level, the owners of “dirty dozen” big football clubs could shrug and say nothing has changed. They didn’t have their horrible European Super League this time last week and they still don’t have it. Shares in Manchester United, listed in New York, jumped 10% on the initial announcement and have merely returned to where they were.
To conclude that no harm has been done, though, would be ridiculous. Rather like a company that launches a hostile bid and quickly folds in chaotic fashion, the big clubs have paraded their weaknesses for all to see.
