yes, the yankees are better than the red sox right now, but the sox have won twice in the past decade. how many times has liverpool won the premiership? NESV will never spend like chelski, but they manage teams well from a personnel standpoint, always turn a profit, and should make liverpool competitive without incurring massive debts. i think that's a net win over the current ownership.
as for the salary cap, i think it's the greatest invention in professional sports...ensures that small teams can compete, and beat, large ones in big markets. but the NFL is a very unique league. because there are so few games in a season, people watch games without their local team in greater proportions than in other sports. this, in turn, fuels the NFL's massive TV contract, and helps spread out viewership beyond a given team's fanbase. this is, IMO, what makes the salary cap possible.
premier league football and MLB baseball are very different in this regard, and it would be much weirder for chelsea to share revenue with bolton wanderers, or the ny yankees to share with the milwaukee brewers.
it might work if there was ever a european super-league (top 5-6 teams each from england, germany, france, spain and italy).






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