FSG's strategy looks okay to me, but they're still suffering from G&H's f*** ups and their own early naivety. FFP is the big test - if it's properly implemented we're looking good. Chelsea and City have will be fine in the short term because of the way the finances work, but if they have a wobble they won't be able to buy themselves out of the hole they're in. If it's not implemented properly, FSG can sell us at a profit to some Arabs and they can splash the cash.