After a 3-0 loss to Brentford, the club now finds itself in a relegation battle, despite £227M in revenue, a 60,000-seat stadium, and hundreds of millions spent on transfers. With £100M+ annual losses, mounting debt, leadership uncertainty, and the Declan Rice money long gone, the business model looks fragile if they drop to the Championship. ---------------------------------------------------- Disclaimer: The content of this podcast is intended as commentary and opinion on matters of public interest in the sports industry. While we make every effort to ensure accuracy, figures, statistics, and financial data referenced may be based on publicly available estimates and could be subject to error or change. Nothing in this podcast should be taken as a statement of fact. If you believe any information is inaccurate, please contact us at charlie@20vc.com and we will endeavour to correct the record promptly. ---------------------------------------------------- Subscribe on Spotify: http...