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Let's be simplistic. Assume a 23 man squad (for simplicity); wages down by £500 000. £10 000 a week, less putting (so I've heard) O'Grady on £3 000 a week. This is still £150 000 a year (perhaps he'd be so disgusted that he'd quit to earn more in the City). Footballers would still play...

Or wages come down by the equivalent amount.

All very true but it is never going to satisfy those (myself included) who want to see cheaper tickets.