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Good discussion. An anchoring approach will ensure the state led clubs will dominate as while other aspiring clubs such as Liverpool, Manchester Utd, Arsenal will not be able to compete financially. Having the ability to spend £.0.5bn every year, irrespective of their true financial position, will turn the EPL into Spain or Scotland. Some may try to compete, and occasionally may win something, but we are talking few and far between opportunities. To maintain competitiveness, any multiplier needs to be nearer 2 or 3 than 5. Any clubs flush with excess cash could improve their infrastructure, etc, or maybe even reduce season ticket prices !

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I expect the 500m+ will still be over three years John but your argument still stands true in as much as clubs will find it difficult to exceed the threshold organically.

Great news for Newcastle !!

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