It's a completely flawed penalty though, because there's nor risk or deterrent to the owners themselves.
Come in, gamble on getting a World Cup bid/Premier League promotion/TV money. If it doesn't happen then you walk away and leave behind a club and its fans and staff facing points penalties, relegation and financial oblivion.
It's a complete no-lose situation for the owners, which is presumably why football attracts a lot of these dubious characters. I guess its replicated throughout capitalism with the whole limited company concept, but it seems particularly broken when you're talking about what are effectively public community assets in football clubs.
And the less said about the fit and proper persons test, the better. You basically have to be a convicted criminal, and even then you have a decent shot at passing.
Come in, gamble on getting a World Cup bid/Premier League promotion/TV money. If it doesn't happen then you walk away and leave behind a club and its fans and staff facing points penalties, relegation and financial oblivion.
It's a complete no-lose situation for the owners, which is presumably why football attracts a lot of these dubious characters. I guess its replicated throughout capitalism with the whole limited company concept, but it seems particularly broken when you're talking about what are effectively public community assets in football clubs.
And the less said about the fit and proper persons test, the better. You basically have to be a convicted criminal, and even then you have a decent shot at passing.