English football’s money dance has a sub-prime beat

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English football’s money dance has a sub-prime beat
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A global Britain success story that may be too rich for its own good.

As long as the music’s playing, you’ve got to get up and dance, as the former Citigroup boss Chuck Prince said.

His much-pilloried 2007 comment on why the bank was still writing leveraged loans as tremors spread through the sub-prime market, offers a useful prism for considering the state of football in Britain. The music is still playing in the soccer business, and plenty are dancing. That doesn’t mean all is well...You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.

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