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- Re: I'll be honest (Everton etc)
Let's say Luton are sold by some owners who 2020 have sold to. Those new owners come in, do the PR about how they want to take the club to the next level, blah, blah, blah
They recklessly throw money about, maybe loading dangerous debt onto the club. The fans just see loads of famous footballers come in and cheer it all on.
But, after a time, this particular owner(s) gets fed up with losing money and either calls in that debt or the losses are so big no one (sensible) wants to come in to buy us. Then our reckless owner stops funding us and we go into admin
As The Questioner says, just like Watson-Challis
Your point would be fine if owners were obliged to keep on writing the cheques and covering the massive losses that he/she/they has committed the club to until a sale is secured. But, most of the time, they don't. Chelsea was a bit of exception and that was funded by filthy money.
Maybe legally unlimiting football clubs as businesses and loading all liability on directors/owners might be a way round it?
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