Perhaps one day this whole age of football will require an asterisk | Jonathan Liew

Whatever you think of Manchester City’s wealth or Newcastle’s or PSG’s owners, football’s regulatory framework has never been fit for purpose

In 2008 Speedo introduced the LZR Racer, a body-length swimsuit lined with stiff polyurethane plastic panels that dramatically reduced drag in the water. Essentially it turned the swimmer into a smooth aerodynamic tube, trapping little pockets of air to improve buoyancy. The technology was introduced in time for the Beijing Olympics, where 23 world records were set by swimmers wearing the LZR.

The impact on the sport was cataclysmic. Athletes who enjoyed the benefits of the new “super suit” described the sensation as like flying. Those who had signed deals with other manufacturers were faced with the choice of breaking their contracts or seeing their careers ruined. And, of course, the records continued to tumble. After Michael Phelps – wearing the LZR – was beaten at the 2009 world championships by the unknown Paul Biederman, wearing a successor suit made entirely of polyurethane – his coach Bob Bowman threatened to pull him out of swimming entirely. In the space of 17 months in 2008 and 2009, a total of 140 world records were set using the LZR. Fifteen still stand. As Bowman put it at the time: “We’ve lost all the history of the sport.”