kowenicki said:
Last won it in 2005, which was the 5th time. Finalists in 2007. The spending is just how it is. It's life. If you have seen the incredible plans Man City have for the area of the stadium and the local community you will see how it isn't always just a vanity trip. That club will have huge revenues soon and a stream of young talent. And you say German clubs just don't do that, you mean can't. If a billionaire walked in then they would take the cash, no question.
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Kowe, I really like your financial background and enjoy your threads. I agree with you 99% of the time. It is cool to disagree with you when it comes to football.
In Germany there is a rule called "50+1". No club is allowed to have an investor that leads a club. 50+1 means that 51% of the club belongs to the members of a club, which are the fans and supporters. That is one reason why you don't see these spendings in Germany. The fams in Germany are well organised and do protests against anyone who wants to cancel this rule.
Cologne:
Bremen
Bochum
Hamburg
Nürnberg
Dortmund
Hannover wanted to welcome investors, but the 36 professional teams in Germany denied his request to kill the 50+1 rule with 32 : 1 votes! So Germany and the supporters are fighting against it. That is a fight the English supporters lost years ago.
Another point is that the German Bundesliga has VERY high standards when it comes to the financials of a club. The losses Man City made are not sustainable. As a consequence ManCity would be relegated in the 3rd league in Germany. Actually Dortmund was inches away to be relegated in 2005 / 2006, because of their financial situation.
So the German league could have a scenario just like the English league, we are just fighting against it. And for good I must say. The English premier League has a debt of 4 billion Euros (!!!) and loses about 500 million every year. The German Bundesliga has basically no debt. The situation in England just can't be healthy.
If financial fairplay becomes reality in 2013, just like the UEFA said, you will see a turnaround in Europe.
Imagine not having GamePass on your console...