Just thought I'd point out, there is no bubble. There is TV money, its increasing, if you spend more than there is now on the assumption of future money, that's nothing short of bad business. The tv market for football is ever expanding, while the growth of that tv market will slow and eventually halt, there is no reason it would go down in any significant amount so there is no bubble to burst.
If you spend the money you're getting and no more, there is all but no financial risk. THe clubs that have gotten in trouble have simply spent more than they have to get higher, and failed badly. Pompie = bunch of players without clauses in contract, a wage for premier league, a wage for championship, a wage for league 1, etc, etc, and that has all but destroyed the club. Other teams do have that, Blackpool have done phenomenally well, they both spent almost nothing to get promoted, spent almost nothing when they did, and had few costs to cover when they got relegated with wage decreases covering the difference from lack of income.
A sensible club will never get in trouble, a club risking it all for success will, like any other industry, growing or stable, get themselves into trouble, there is incredible margin for a team to make a monumental profit being in the prem league as well if people really wanted to.
Bubble implies that the money going into the EPL will suddenly vanish, but that just isn't going to happen. I think tv money will continue to grow for a while, taper off as we get to the point most countries in the world can watch plenty of live games(we're almost there now). Then we'll get another influx when they finally let people get like a season pass for their teams or all games, £200-400 a year to get a channel with your chosen teams games live, all of them.
EDIT:- Teams treating it like a bubble and spending money now on future income are in trouble but they'd be in trouble anyway, that is mostly teams spending to stay up or get promoted. I think Pompie and West Ham both spent money they hadn't earned yet which is beyond retarded of both of them, they got loans secured against future ticket sales. Even worse when you get relegated and the ticket's either don't sell out or need to go down in price. West Ham got caught in debt, and then without any income for like 1-2 seasons as they'd already spent the ticket moneyy which was just going to the bank as it came in.
The mad thing is how good scouting and hard work trumps overspending on crap players anyway. Get Fat Sam on a big wage who makes lots of expensive poor buys, or Pardew on a tiny contract, who has done only sensible things, then get 5th in the league. Simple and cheap is very doable, there are great value deals every single year. Bad decisions and bad managers don't mean a mental market or there wouldn't be any good value players any more.
