In the real world most of us live within our means but in the world of football this is not always the norm.
Indeed, the maxim by which many clubs live (and usually go out of business or crash badly) is that ‘something will turn up’.
When that ‘something’ doesn’t turn up the result is inevitable.
This ‘spend more than you can afford’ philosophy effects clubs throughout football from the top to the bottom.
Even huge clubs like Barcelona and Real Madrid are awash with debt and are technically “bust”.
The only thing allowing them to spend huge sums of money every year is the fact that no bank or institution would be “brave” enough to pull the plug on them.
Leeds United are probably the best known example of what happens to a top club even when you spend more than you can afford. Years spent in lower divisions (if you are lucky) paying off debts for players long gone.
The League of Ireland is no stranger to this aspect of the modern game and our own club Derry City has twice “gone to the wall”.
Newry City are the most recent club to be wound up and their name will be added to that infamous list alongside a world giant like Rangers who also over-spent.
Sligo Rovers took a gamble this season and increased their playing budget and it looks as if it will pay off in a league triumph and European football. Had it not paid off I believe Sligo would have gone bust.
The writing is on the wall in big letters but there will always be clubs who don’t see it or hope that “something will turn up.”