You do have a point but..
Howard wilkinson improved the youth development that's always been incredible at leeds.
So they won the fa youth cup in 93 & 97.
That 97 team had paul robinson, jon woodgate, harry kewell, stephen mcphail..
So in 1998 a lot of these players came in to the first team & excelled along with lucas radebe, jimmy floyd hasselbaink, lee bowyer, alan smith..
Money was rolling in back then.
That team got to the eufa cup semi & qualified for the champions league before they went on an absolutely stupid not needed spending spree.
Mark viduka & olly dacourt withstanding.
David oleary just was aloud to act like a lottery winner, spend spend spend. Stills makes me angry now!
So by 2002, forget the total obscene transfer fees, they had a wage bill over 90% of turnover, hence the statement back then that they must qualify for the champions league just to balance the books. Crazy.
Since then it made me realise how 2 simple rules would stop this mad over spending.
A limit of 60% on wages to turnover. On relegation turnover drops so will players wages, hence an end to parachute payments.
Of course if that was a football wide rule then it would be in players contracts.