Reading posts at the Cafe and “experts” elsewhere, I came to conclusion that a huge factor is kinda overlooked. Everyone is focused on intra-industry problems such as fans admission and TV rights money.
But there is a factor as big. The world in the middle of the deepest economic crisis since...ever? I doubt that US Economy fell by 32% even during Great Depression. GDP in major nation down by tens of %.
Demand is lower, so advertising budgets should be cut globally. This will affect everyone in football: FIFA, UEFA, national federations, and the leagues.
Wages/transfer will be affected in the long. Business owners are aware of the scenario. They just don’t want to commit to the long term deals now.
Thus, market is almost dead. Transfer activity is hampered by uncertainty. It’s almost impossible to sell. If you can’t sell, you can’t budget your wage exposure and future cash flow.
A “No transfer” window is unlikely, but it looks like United will avoid big buys and wages.