Eisner is right about the Championship - but also wrong
BBC Radio Solent's Andrew Moon discusses Portsmouth owner Michael Eisner's comments on the financial health of the Championship.
[Getty Images] "Unsustainable", "crazy", "broken. " Pick your adjective to describe the state of the finances in the Championship. The league consistently spends more on wages than its entire income.
You don't need to be an accountant to know that is bad. This is not a new problem. It has been going on for more than 15 years.
For all the predictions of a financial implosion , it has not happened. For most clubs the owners just keep on piling the money in. Some in the hope that they will reach the Premier League, stay there and see the value of their asset skyrocket.
Some just love the club and know that if they step aside, they will struggle to find anyone to fill their shoes. My guess is if regulation did not come in, the Championship would just keep losing money by the bucketload, year after year. I do not think the English Football League would collapse.