... 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.
An occasional glimpse into the workings of the Scottish Parliament and the Scottish Executive (or comments on anything else that takes my fancy).
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:
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