The Chicago Addick recently commented 'As a fanbase we can be bloody negative and it’s starting to grate on me..' I know how he feels. Charlton fans don't seem to grasp how much the modern game has changed to the disadvantage of clubs like Charlton.
First, consider parachute payments which have a big distorting effect on the Championship. Analysis conducted by BDO found that the average number of points achieved by the three clubs promoted to the Premier League has been on a steady decline since 1996 – and for the past two successive seasons all three clubs promoted to the Premier League have gone straight back down in the following season.
However, the reverse is true for clubs relegated to the Championship where there has been a gradual increase in the points haul by relegated clubs. These trends reflect the disparity in the cost of competition (wages and transfer fees) between the two leagues, as well as the distorting impact that parachute payments make for clubs leaving the Premier League.
Then consider how American investors are pouring into English football. For example, Hartlepool United has recently been acquired by an American investor. An offer has been made for Tranmere Rovers. Private equity is increasingly moving into football. These days you need to be a billionaire to revive a football club or at least create a global brand as Wrexham have done so successfully. The New York Times can't get enough of them.
We are doing well to be 18th in the Championship.
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