Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Wenger: Billionaire Ownership is Bad for the English Game
The Guardian, December 13th, 2006 3:37PM

MOST READ

MOST COMMENTED

Foreign investors are swarming all over English Premier League clubs, leaving Arsene Wenger to fear that Arsenal would be left "dead" as a competitive force if the trend continues. Next month, investors backed by a Dubai-based billionaire are expected to complete a takeover of Liverpool, which would make Chelsea-like funds immediately available to the Reds. Unlike some Premier League managers, who may just feel they're simply helpless to do anything about it, Wenger believes foreign ownership at Arsenal would have "dire implications" for his team, because ultimately, pouring money into transfers and wages without any care for the club's balance sheet is a risky enterprise. In an attempt to boost the club's financial muscle, Arsenal moved to a 60,000-seat stadium this year, but Wenger conceded that it this simply isn't enough compared to the funds that would be made available to Liverpool. "At the moment the income [at Arsenal] basically is the gates, television and sponsorship. If the income [elsewhere] is gates, television, sponsorship plus private gifts, then we cannot compete," Wenger said. Once there are three or four clubs in the same spending league as Chelsea, Wenger says it won't be possible for smaller clubs to compete and the EPL could fall apart. Chelsea has absorbed unprecedented losses under Roman Abramovich's reign, even though the club intends to break even by 2009. Wenger points out that most clubs cannot be so lucky as to have an owner willing to pump nearly a billion dollars into them without any return. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Ranieri Named Greece Coach     
Claudio Ranieri on Friday signed a two-year deal to manage Greece. The 62-year-old Italian replaces Fernando ...
West Ham's Carroll to Miss Four Months    
West Ham striker Andy Carroll is set to miss up to four months after suffering ankle ...
Pinto Quits Costa Rica     
Jorge Luis Pinto, who guided Costa Rica to a surprise quarterfinal finish at the World Cup ...
Cech to Fight for Chelsea Place    
Petr Cech has vowed to stay and fight for his place as his decade-long reign as ...
Mourinho: Drogba 'Belongs' to Chelsea    
Jose Mourinho on Friday admitted that he is considering re-signing Chelsea legend Didier Drogba, who is ...
Maradona Blasts Argentina's Coaching Decisions    
Former Argentina captain Diego Maradona, who famously inspired the Albiceleste to World Cup glory at the ...
FIFA Backs 2018 Russia World Cup     
FIFA on Friday said it remains committed to the 2018 World Cup in Russia, despite the ...
NBC Brings EPL to Movie Theaters    
NBC Sports and Fathom Events are teaming up to show English Premier League games on Saturday ...
Aguirre Named Japan Coach     
Former Mexico coach Javier Aguirre on Thursday was appointed head coach of the Japanese national team, ...
Swans Sign Montero    
Swansea on Thursday signed Ecuadorian winger Jefferson Montero on a four-year deal from Mexican club Morelia. ...
>> Section 2 Around the Net Archives