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There may be trouble ahead
Those that have followed this column for long enough will know well that finance is not my forte. However, you don’t have to be a budding economist to understand that COVID-19 will continue to have a seismic impact on football’s fragile eco(nomic)system. Earlier this week, Arsenal announced that the majority of the playing staff had accepted a 12.5% pay cut over the next 12 months. The negotiations have been difficult and, most concerning in my opinion, public. The first thing to say is that COVID is a ‘black swan’ event like no other and we are only just grasping the challenges it will provide for football, let alone our own lives and the global economy and, you know, people’s...
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-5y from Arseblog.com
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