Every year poor or irresponsible ownership lets down fans and complete townships where the club is such an important community focus. This season we have the Bury and Wigan debacles, clubs like Macclesfield acquired and run by spivs, and in every efl league clubs regularly threatened with administration by HMRC.
My question is, why is the efl so impotent? Why can’t it:
Insist that every club’s articles make it legally impossible to sell that club without written approval from the efl having carried out due diligence. That would have prevented Wigan being sold to a third party without anyone knowing.
Lay down minimum financial operating requirements In relation to debt ratios, wages as percentage of income etc. In other words the very basics required in any normal business, but all controlled by approval of management Accounts by the efl.
None of this would hold back ambitious well run clubs, but would sort out potential owners whose sole aim is to make a fast buck then get out.
These are such obvious basics, yet there is no evidence that the efl sees the challenge or even any sense of a problem. Hence my question, is it fit for purpose?