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Bulletin from London: Manchester City is more like a major bank – too big to fail

British newspaper headlines after Manchester City was found guilty of breaches of Premier League financial rules. Photo / Getty Images

When I was a young football fan traipsing across London to watch my beloved Spurs, the game was played on muddy pitches in rundown stadiums in which most of the spectators stood, many without cover from the elements. The players were almost all British-born, often close to the club,

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