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It only takes one club to appeal against their FFP punishment to tie the whole thing up, though. Much though I'd love to see something like FFP in place, I suspect that we'll see it die a death.

There are probably rules in the FA about owning multiple teams, but honestly if it can be done with an overseas club then it's a loophole which will be exploited. The fact that the other club needs to be outside of England really doesn't mean much these days.

Circumvention of rules by using feeder clubs: here's a good link for a quick overview. They've brought another three in this season as well from their feeder clubs, including one player who signed for Granada and then directly signed from Granada to Watford.

Ahahahahahaha. Watford.