'Blustering, self-indulgent financial mismanagement by Premier League owners'

Former Chelsea and Everton winger Pat Nevin, writing for the BBC Football Extra newsletter:

This feels like it has been the quietest Premier League transfer window ever. There is still a day to go and, in the past, huge deals have been done right up to the deadline, but it will not suddenly become a free-for-all this time. The question is: why?

Are all the clubs and their managers deeply satisfied with their well-balanced and over-performing squads? I hardly think so. Have all the coaches suddenly decided that they really want to work more with the youngsters coming through, rather than get a ready-made striker in the morning? Probably not.

Have the big clubs suddenly got sensible and concluded that it is silly spending hundreds of millions of pounds on players, destroying any possible company profits and yet still having no certainty of success at the end of it? This thought might have crossed a few minds.

There is always the possibility that some clubs got the fright of their lives after Everton’s 10-point deduction. Have they finally realised that some of the very complicated and fancy financial and accountancy sleights of hand might not bamboozle the Premier League after all?

Some clubs have spent huge sums and are now quietly trying to sell players to make the books balance.

Does it not smack of just the vaguest possibility of a chance that there might have just been a bit of blustering, self-indulgent financial mismanagement by the owners of some of the top clubs? Surely not - these Masters of the Universe always know what they are doing and understand finance so much better than the rest of us.

I remember listening to a hugely successful banker once braying on to me about how they knew best. I think he was from an organisation called Lehman Brothers.