Barry Hearn On Administration

“Michel Platini, with all of the elegance that one might expect from a man with such a playing career, describes it as ‘financial doping’. It is, in short, the accumulation of debt to purchase success on the pitch. Some clubs do it as a result of the egos of their chairmen, some do it from the fear of what might happen if they don’t, and some do it in the genuine but misguided belief that somehow everything will be okay if they manage to get the team winning on the pitch. The result, however, is usually the same. The players and the manager leave when things turn sour, there is a desperate rush for new investors and, when these can’t be found, it ends in either administration or a close shave with administration.” (twohundredpercent)

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