I must confess that footy has never been amongst my interests, and I have little understanding of the economics of the business that manages to pay tens of millions to buy players and then pay those players up to two hundred thousand a week. I assume club income comes from gate receipts, corporate sponsorship and TV broadcasting rights.
However, nothing typifies the conspicuous consumption of Brown's bloated boom decade more than football. A riot of laughable bad taste by the players, together with sexual excess and every variety of illegal and deviant behaviour imaginable, at the same time both lauded and condemned by the red tops.
Will TV user subscriptions and advertising revenues dry up? Will corporate sponsors fall by the wayside? Will footy fans desert the terraces? I simply don't know. Will all those footy assets, like every other asset in the economy, prove to have been grossly over-valued? I suspect so.