Irresponsible, said, done or characterized by a lack of a sense of responsibility – The Oxford English Dictionary.

As in, Football teams spending in the modern game is totally irresponsible.

We all looked on in amazement when Chelsea began a spending spree to rival the Galactico grabbing Real Madrid back in 2003, after Russian business mogul Roman Abramovich bought the club for £130 million.

And others were bound to follow suit once Roman’s billions lead/bought the Blues their first Premier League title in the 2004/05 season.

In 2008 Sheikh Mansour of Abu Dhabi bought Manchester City, and immediately turned the club from struggling penny pinchers, into House Wives of Orange County spendaholics.

This summer saw the Sheikh’s total spending on players smash the £460 million mark, brought about in-part after trumping up a combined total of £61 million for Sergio Aguero and Arsenal’s Samir Nasri.

 And while it’s great to see the world’s best flocking to the Premier League, the idea that arguably the greatest league in the world can be bought certainly does taint the magic that surrounds the English game.

It also shows a huge lack of financial responsibility during a time when football, and the rest of the world, needs refrain from lavish spending and possibly rethink the idea of spending money to make money. 

This Monday the Blue side of Manchester announced a whopping £194.9 million loss for the 2010-11 financial year, the most in English football history.

Although UEFA are brining in Financial Fair Play rules in 2013-14, City’s recent losses fall just outside the accounting window for the changes, meaning the club wont need to find almost £200 million down the back of the sofa, in order to break even. 

It almost shows a stroke of genius on the part of the Sheikh Mansour, creating a multi-million pound super squad, just before UEFA try to level the playing field of the monetary situation in the game.

But it also means that, along with Manchester United and Chelsea, City have managed to almost certainly cement themselves in the top four or five of the Premiership for the next few years, as the chasing pack begin the fight back to footballing equality.

Equality however, seems a long way off as the league’s big boys are already looking for ways to get around UEFA’s financial constraints, such as Etihad’s £400 million sponsorship of City’s ground, formerly known as Eastlands stadium. 

Many, including Arsene Wenger and Liverpool’s managing director Ian Ayre, suspect foul play and believe their to be too strong a link between Abu Dhabi’s national airline and it’s billionaire Sheik.

Although UEFA are currently investigating the potential conflict of interest, it seems unlikely any charges will be brought against either party, as cash continues to be king.

I do hope that UEFA’s Financial Fair Play plan pays off, especially as a fan of a lower league club who have suffered immense financial hardship since leaving England’s top flight. 

But as the equality gap between English footballs top league and lower divisions continues to grow, UEFA’s regulations may well be a case of too little too late.

Football is a business, and much like a big multi-national corporation, football’s elite see the rules as something to be manipulated, twisted, and sometimes broken.

At least we know that eventually City’s £174 million wage bill will eventually need to be cut at some point.  Lets just hope that happens before the Abu Dhabi investors pull their money out of the club and find something new to play with. 

Although at least then we’ll have half a chance of leveling the playing field.