From this very interesting article about supporters running football clubs and the amount of debt and money flowing around.
And the bloke is a Southend fan, most important.
I saw this little gem in with the comments:
Football needs to be nationalised in my opinion. We've seen the effect of free market fundamentalism on many aspects of life, including football. The free market concentrates wealth, and the effect of this is that football fans are seen as consumers, clubs as corporations and the end goal just appears to be profit maximization. This is not to say that the business side to football is unimportant, and clubs need to able to have a sustainable model, but I believe football clubs should be run as social businesses, with an understanding that the football club has a responsibility to social cohesion and community in their local area. Since this is unlikely to happen in the short tern, government intervention is required in my opinion.
Eventually, I hope to see football clubs (as well as all workplaces in all industries) run in the form of co-operatives, and in light of recent events in the last year and a half, I believe this paradigm shift isn't too far away."