Moments that made the Premier League: Leeds United’s financial meltdown
Ten minutes had elapsed during a tight second half at The Valley when Gary McAllister’s in-swinging near post corner was only feebly cleared by Sasa Ilic. The resulting ball dropped perfectly for Robbie Fowler, who, with his back to goal nonchalantly sent a half volley over his shoulder that looped into the goal over a sea of players in the crowded penalty area.
The goal sent Liverpool on their way to a comfortable 0-4 victory over Charlton Athletic on the final day of the 2000/01 season; the result secured them the third and final Champions League qualification place.
The Reds had capped off a memorable season in style but their success would send shock waves reverberating up north, where they were felt with trepidation in West Yorkshire. Leeds United had only missed the boat by a single point that year. Fourth place meant European football once again as well as a third consecutive finish in the Premier League‘s top four. However, their failure to secure Champions League football would set off some early warning systems at boardroom level as well as a whole lot of angry red ink on the company balance sheets.
(adsbygoogle = window.adsbygoogle || []).push({});
Despite their improved domestic fortunes and white-knuckle dash to the Champions League semi-finals in 2001, behind the scenes, the club’s success was financed by a toxic coupling of securitized debt and a sale-to-lease transfer framework.
Supporters would not come to understand the ...
source:
thefootballfaithful-arsenal
URL source:
http://thefootballfaithful.com/tag/arsenal/
-------------------------------- |
|
10 of the most memorable Premier League final-day moments
20-05-2024 06:08 - (
Arsenal )
Gabriel says Arsenal signing has exceeded all expectations
20-05-2024 06:08 - (
Arsenal )