Obliterati posted:

It should also be noted that the EPL, financially, is almost entirely dependent on TV rights money and being owned by Arab royals / Russian oligarchs fleeing Putin / American speculators / English CEOs, who fund them for personal prestige rather than profit. With the exception of Manchester United, who have a huge international presence, the top clubs aren't financially stable in their own right. The further you go down the pyramid, the tighter budgets are and more frequent the bankruptcies. A bad season for a League One club can be enough to put them to the wall. Conversely a bit of luck in the cup competitions can see your semi-pro team playing Man U and making more money in ninety minutes than you did in the last five years.