Are league tables an expression of team quality?

Most people would answer "yes" to the above question, but as this article in the British Plus magazine indicates, the answer is not as apparent as it seems.  In fact, there is a substantial amount of uncertainty as far as the true underlying quality of the team is concerned.  The article is a couple of years old and takes some time to digest, but it's a good read.

Risk and uncertainty are inherent elements in sport, finance, and games of chance, and I think some of the themes dovetail well with my work on the soccer Pythagorean.