... the fact remains that in total four foreign-owned clubs spent 80% of the January transfer total, with £120m of that passing between domestic clubs. All of which is excellent news for the luxury car, mock-Tudor mansion and high-end city centre discotheque industries. John Maynard Keynes once, rather provocatively, advocated digging holes and filling them up again as a form of fiscal stimulus. To some, football might seem an equally futile activity. But it is at least still frantically digging.Unfortunately, the quantum of transfer fees is unlikely to have a significant overall effect on the economy. But hey, beggars can't be choosers.
02 February 2011
Quote of the day
With apologies to those of my readers on the distaff side, I rather enjoyed this comment in The Guardian anent all that money being paid out for footballers: