Trigger - following up on point yesterday about very few L1 clubs getting into severe financial difficulties in last 20-25 years. That's true, but i think probably more has changed in the last 5 years than did in the 20 years previous. Average spending on players has doubled in the last 5 years. I think now 9 of the 24 L1 teams are foreign owned, the majority US. There are also lots of clubs that have been looking for investment for a while (whether minority or majority) and seemingly not finding many takers. You could make a hypothesis that lots of rich foreign investors buy lower level EFL clubs in the hope of "doing a Wrexham". Then finding that doesn't happen and you need to lose several millions pounds a year just to stand still. Then at some point you might want to stop that and struggle to find someone else to take it on. That happening at the same time the regulator comes in may offer some hope. I certainly can't see the Premier League bubble bursting any time soon but I think it could be a different matter at L1/2 when the rewards/glamour are so much smaller. There was an excellent discussion around some of this stuff (broadening out from observations about L2 getting much older) on NTT20. Would highly recommend a listen: [
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