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Is this good for English football? In the short run, Chelsea's rise has broken up what was turning into an irritating Arsenal-Manchester United duopoly. But football leagues (look at Scotland, look at Spain) can get along OK with duopolies. A monopoly, however, is a disaster. Everyone else in the Premiership has to operate on some kind of business footing, and the terror stalking Highbury and Old Trafford is that Chelsea will be immune from financial discipline forever.

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