Leicester City manager Claudio Ranieri and captain Wes Morgan after winning the Premier League last season (Photo: Nick Potts PA Archive/PA Images)
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The ITV Digital collapse may seem a distant memory for most of us, but it's worth keeping in mind that many major financial crises have been preceded by smaller tremors. The Dotcom bubble was preceded by a bull rush into one sector; the European sovereign debt crisis was preceded by the financial crisis; and an EPL crash could be on our hands if we fail to learn from the lessons of a lucrative financial strategy that is weighted too heavily on a single revenue source. Many people thought Leeds United were too big to go under after they budgeted on a Champions League spot. Their fate needs little amplification.The collapse at Elland Road also demonstrated that there are no knights in shining armour when it comes to collapse. Peter Ridsdale left the club behind, and so will our overseas oligarchs. The £1 billion Roman Abramovich pumped into Chelsea isn't a gift – it's a loan. Sheikh Mansour has backed Man City for hundreds of millions of pounds, but also seen the value of the company soar by as much if not more. If it no longer makes business sense, they'll no longer back it.The potential lifesaver, as Wilson points out, is international rights, which will match or potentially exceed the domestic rights package in the short-term. But if other leagues become more competitive, or domestic leagues start punching, the Premier League could go bust just as fast as it boomed.READ: The Struggles of Getting Into Football in Your Mid-Twenties
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