Published on Wednesday, 15 April 2015 00:55
"Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery." David Copperfield, Charles Dickens
Sixpence a year of overspending was all it took to bring misery to the burghers of 19th Century London, as Wilkins Micawber famously observed. Although life in the Premier League today could not be more different to that of Dickensian England, Micawber's lesson is well heeded, for there is little happiness to be found for clubs living beyond their means.