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Football does bring in a lot of money though. Some clubs overspend, but they are usually found out and crash through the divisions.
There are of course sugar daddy clubs who spend way more than the club earns, but it is the owners money being spent so you can't really say much other than it destroys the competition.
Also television and prize money is distributed on a fairly reasonable sliding scale that rewards league standing.
F1 makes a little money. This all goes to Bernie who gives it to favourites.
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