Member

This regulatory model has been inspired by banking regulation, with the imposition of tight controls on liquidity, cash flow and debt. Football has very few similarities to banking, where stability and safety necessarily trump all other concerns. In sport, you have to balance those concerns with the necessities of genuine sporting jeopardy, competitive tension, dynamism, ambition, risk-taking and aspiration. Those are fundamental to creating a competition people want to watch. If the sustainability lever is pulled too hard, or without sufficient co-ordination with the other regulators in the game, it is guaranteed to upset the competitive balance that drives the appeal and value of competitions.