No, no, no

These salaries are simply crazy. No player is worth more than £5k a week and that is being generous. The argument that it is a short career so they deserve more doesn't stack up anymore. Gone are the days of jobs for life. Most people change jobs more than once in their working life so why should footballers have the luxury of not needing to work after they finish playing.
I really don't understand why there isn't a concerted effort by the authorities in football to crack down on this ridiculous situation. No business can survive when over 90% of turnover goes on wages. And how great would it be for the game itself. Success would depend on the ability to coach and develop youngsters not on who has the most money. Many of the money-grabbing foreigners would return home enabling the development of English players which would have to be good for the national team. Ticket prices could be reduced, agents would disappear and even the cost of Sky TV might come down! Right now for most clubs in the Premier League, success is measure by NOT getting relegated and not going bust. What kind of sport is that?
Lets suppose that the FA were able to introduce a proper salary cap, what would happen? Well, some of the top players might go to the bigger teams in Europe but there is a limit to how many players Real Madrid or Barcelona could sign (most of the players we are talking about aren't that good anyway). Some might go properly abroad to China or the USA. I suspect most would simply stay put, earning their paltry £260,000 per year! When you think that most of them would be unskilled workers if it weren't for the ability to kick a ball around (not all I know, I wouldn't want to stereotype footballers as uneducated yobs!) earning what, £20k a year max, then £5k a week is still a fortune.
As Archers Road says, when is this bubble going to burst? One of the good things that I thought would happen when Pompey went into administration the first time was that someone, somewhere in the higher echelons of the game would sit up and take notice and not allow it to happen again. Instead of which we get the usual head in the sand reaction. Even with a club as big as Rangers in trouble, you'd have thought that wages would get a mention as the cause of the problem. But in every discussion about Rangers I never once heard anyone say that they were paying too much in wages (even after the players took a 75% reduction).
Its going to take a Man Utd to go under for anyone to care.
Crazy.