Better simply call it reality hitting.
Barcelona the prime example - out bid lots of clubs with high transfer fees to sign players who they put on high wages.
Tried to get out of a hole by forward selling tv rights - ie got a big wedge now but no money in future. But that hasn't worked either.
Now no money and they can't do anything - wait until high wage players come to end of contract., promote youth from their famed La Masala academy .... and cross their fingers.
That's why all the FA's across europe brought in variations of sustainability rules.
Consequences :
1 ) Transfer fees need to adjust to amounts which reflect players economic/football contribution
2) Wages - as (1)
And atm there ate only a few clubs in UK/europe able to buy players - but other clubs cannot afford to buy any of ours.
By summer all clubs will have received TV money and prize money for this season, but spending will be much lower than last summer, and some clubs will still need to unwind their ffp positions for a year or more !
If you want analogous situations google 'Tulip mania' for the dutch bulb crash - but that's extreme as total market collapsed, the football transfer market will just deflate.
