Wow, it is obvious you guys don't have an economics degree.
It's all about budgets. A financial healthy club bases its budget on revenue from tickets and merchandising.
That's the core income of any football club. It's the most steady one to base a budget on. It's safe, and it without risk.
BUT, ofcourse this doesn't happen. Look at FC Barcelona and Real Madrid, them 2 combined have over 2 BILLION euro debt. About 1.6 billion pounds.
At one point last year, Barca almost went bust. But some sheik from Qatar put a tag on the shirt, and they were saved for a season and a half.
Oh wait, no it wasn't. Barca had to run to the Spanish government and banks to forfeit/default on their loans.
Chelsea, United, Liverpool and City would all be long gone if it weren't for the big spenders from the east.
Now nobody likes to see their club go bust. Out here in The Netherlands 2 professional clubs, one existed for more then 110 years, went bust.
Feyenoord, Ajax and PSV almost went down aswell, it was a close call in 2010.
Since then they lived by the FFP rules and as of now, in 2012, only 6 clubs are still in alot of debt. But mind you, in 2010 this number was around 15(out of 36 total professional clubs).
In 2 years time, Ajax, Feyenoord saved themselves from destruction and are now doing better than in the past 10 years.
Thats what FFP does. If Abramovich were to ditch Chelsea, it would go bust within a year. Sugerdaddy's are cancelled out with FFP and leaves the sport in control to the people who it belongs to: the club, not the rich fellas from the middle east and Russia.