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ownership of major football clubs is all about ego from the billionaire owners, they know they are throwing money away.
pat mentions contracts, man utd have made a serious mistake of not getting wayne rooney to sign a new 5 year contract very year.
this is what happens at most clubs, it stops the over greedy ones getting a free transfer at the end of a contract and being able to negotiate massive wages(sol campell is an expert at this).
the last truly sensible owner of a football club was alan sugar who was vilified by spurs fans for not spending enough money on players.
he got the club back in the black at the bank and commented when he resigned "without me, spurs would have been playing in the car park by now".
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