
This week, it has emerged that West Ham United, a now Championship side, with debts reported to be in excess of £100m, are bidding to secure the services of Reading front-man, Shane Long for a staggering £8m.
It raises the question of how such a reckless move could ever be vetoed by The FA. There are a whole host of reasons why such a transfer should never be allowed to happen.
The first, and probably most obvious, is that when any company has such hefty debts, they should be looking to pay them back – not increasing them without any care in the world. Furthermore, such a move would seem to be dangerous for the future of the football club.
Secondly, and what probably riles most football fans, is the fact it creates an uneven playing field for all their rivals.
No Championship club could match the figures West Ham look to be paying out: QPR were one of the most wealthy clubs in the world, yet they never spent sums anything like that when they were in the league.
Leicester City have a healthy financial backing, but despite their mass summer recruitment, they have come nowhere near what West Ham will ultimately end up spending.
It seems an injustice. As an Ipswich Town supporter, I watch the club minding the pennies, scrapping around for free agents and bargains.
Yet the club's debt is dwarfed by West Ham's.
The Hammers are not the only club to blame, though – last season it was Portsmouth. They seemed to be in and out of court more often than a Geordie joy-rider, with their financial woes.
In fact, Portsmouth were a club on the brink of liquidation owing to the fact that they simply were unable to pay back their crippling debts.
Yet they still somehow managed to fund the arrivals of Liam Lawrence, Dave Kitson and a plethora of other proven Premier League stars.
Chester City had their financial problems a couple of seasons ago, and were forced to close. Their finances were nowhere near as bad as West Ham or Portsmoth's.
Surely there is a way to stop this. It is unfair on other Championship sides who are aiming for promotion – but doing it the sensible and honest way.
It is never nice to see a club have to close because of their finances – or to see a club docked points for going into administration. But it is time for the authorities to take action, and make an example of one or two clubs.
It is harsh, admittedly, but what does it say for the game in general if teams are unable to live within their means. There are starving children in Africa, for goodness sake.
The Champions League have a good system set up. In future, clubs who are unable to justify their spending, simply are not allowed to compete in the tournament.
Perhaps it is time for the Premier League and Football league to take a leaf out of that book.