Uppercut
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I think you're missing how important romanticism is to the brand. The most commercially successful clubs nurture the romanticism incessantly with Mes que un club and You'll Never Walk Alone and dogmatic insistence on "playing football the right way". Like any love affair it's absolutely vomit-worthy to everyone not involved in it. A story like Leicester's is an incredibly valuable asset and choosing to end it this way is probably a commercial error. If they traded publicly I would expect their share price to fall after this announcement.The thing is, to the people calling the shots, I'm not convinced that it is about more than the balance sheet. Everything is absolutely dripping in money these days. It really does seem to me that people are couching this issue in terms of a romantic vision which has just become totally outmoded. Football clubs at the top end of things are basically just brands. They might not be to the fans perhaps, but when you stop and think about the sheer volume of money involved in nearly everything they do I really find it hard to think otherwise.
Again, I see what you say about him being a victim of his own success, and perhaps you are right, had he finished 17th last season it would have been fine. Perhaps if he had looked like he would guide Leicester to 17th this season it would have been fine also. But at the moment it really doesn't look like that would have happened. They are in total free-fall.
In a similar vein, I'm not actually convinced this is a return to the mean. As I said earlier, there is no way a team that achieved so highly last season should have plummeted so drastically this time around. It looks like the wheels have come off rather than a blip.