This makes no sense.
Why would a champion of the biggest league in the world, a CL finalist, a team with international stars, be not attractive to sponsors worldwide, to the point that
they could legitimately earn sponsorship revenues close to that of top earning teams not backed by oil money?
I mean, if sponsorship revenue has no linkage to success on the field, Woodward had the right approach all along right? No need to worry about on-pitch success, that doesn't matter. Just focus on pimping out the fans still tethered by success from decades ago.
Keep in mind, I'm not saying their revenue isn't "inflated" right now. Or that cash injections were not needed to get them to the level they are at today. We are talking about their sustainability and potential given their current status and success in the game.
Someone break down what I'm missing without going the
@Dumbstar route. Unless you're a mod, in which case just change my tagline to "Arsenal/City fan"