The system only encouraged risk taking as long as there was no tangible punishment for failing to comply.
Chelsea have been spending money they don’t have and can’t sustain, almost certainly because they thought they’d just take the punishment on the chin. The Premier League has rightly taken a tough stance with Everton, who were given plenty of time and opportunity to become compliant, to show that there is a tangible punishment.
The 10 point deduction sets a precedent, it establishes that you can’t just game the system and take a token fine on the chin.
Where the prize for success is so large and the alternative path to success so impossible to achieve, the potential benefit will always outweigh the punishment of getting it wrong. It will also encourage increasingly complex ways of getting around the regulation by those who have the means to do so.
It’s something all regulators don’t seem to understand well, including the Premier League.
The system only encouraged risk taking as long as there was no tangible punishment for failing to comply.
Chelsea have been spending money they don’t have and can’t sustain, almost certainly because they thought they’d just take the punishment on the chin. The Premier League has rightly taken a tough stance with Everton, who were given plenty of time and opportunity to become compliant, to show that there is a tangible punishment.
The 10 point deduction sets a precedent, it establishes that you can’t just game the system and take a token fine on the chin.
Where the prize for success is so large and the alternative path to success so impossible to achieve, the potential benefit will always outweigh the punishment of getting it wrong. It will also encourage increasingly complex ways of getting around the regulation by those who have the means to do so.
It’s something all regulators don’t seem to understand well, including the Premier League.