Does anyone of the age 30+ remember workington, they were a lower league team that went out of business in about 1977. To me they were one of the first teams I can remember going out of business. It seems that even after teams like portmsouth , clubs and chairman can still put sucess above financial stability. If I followed a lower league team, (well in a way I do Southampton). I would rather my team exist and win a few games. rather than chase glory and put themselves out of business. I look at teams like Bradorf , who are at the bottom of league 2 at the moment, about 5-6 years ago they were in the top flight. To me it seems the teams with a bit of financial stability seems to be the ones who are gaining success.
It also worth noting that developments within the euopean game mean that teams with high levels of debts wont be able to compete in the champions league. most teams seem to think they can get around it. With irony fgor many of the big teams there desire for champions league spots, will no longer have to be driven by the debts they incur to get there. so it will probably be intresting to see in a few years teams that have not made themselves bankrupt might be challenging for european honours. I think some clubs have such a short term plan, where as clubs with a longer term plan will probably reap the rewards in years to come.
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