Great club ... terrible investment?

Updated: August 3, 2012, 7:28 PM ET
By Roger Bennett | ESPN

Until the 1980s, English football was run by an innocuous assortment of local businessmen who demonstrated a distinct lack of national ambition. Their financial model amounted to little more than "putting bums on seats" for home games. The creation of the English Premier League in 1992 changed everything, triggering a gluttonous gold rush. Some of the most sophisticated global sports business minds poured into English football to exploit the new frontiers of domestic, international and digital ...

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