jamie | 
09 21st, 2009| 
Competing in the Champions League, reaching the semi-final stages. Doing well in the Premier League. An ownership of the football club, that has borrowed heavily against its success, reliant on its continued appearance in the lucrative Champions League and on money from ever-increasing television deals to service the debts. It sounds awfully familiar. But this isn’t Liverpool Football Club in 2009. It’s Leeds United, 2001. 8 years ago. Yet it seems lessons haven’t been learnt by those who run football clubs, building them up ‘artificially through debt’.
http://www.spiritofshankly.com/news/LFC-_-The-Next-Leeds–q–.html