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
Sven off to City as English Officials Probe Foreign Ownership
Various Reports, June 26th, 2007 4:30PM

MOST READ

MOST COMMENTED

Former England coach Sven Goran-Eriksson looks set to take the managerial reigns at Manchester City, though the deal can't officially go through until prospective new owner Thaksin Shinawatra has completed his proposed purchase of 75 percent of the club's shares, which is expected to happen now that City's board has recommended that shareholders accept the former Thailand Prime Minister's $163 million bid. The club wouldn't confirm Sven's pending arrival, although Thaksin's offer, estimated at $6 million for three years, should be accepted by the Swede in the next few days. The Times reports that Eriksson has contacted Roland Andersson, currently the Sweden national team assistant, about taking up an assistant role alongside him.
 
Thaksin's takeover attempt has given fresh scrutiny to the ongoing practice of foreign investment in and ownership of English clubs. In light of City's proposed takeover by the controversial Thaksin, who lives in exile in London and has been described by British Parliament as being "unsavory," Britain's Sports Minister Richard Caborn has called a meeting between himself, Treasury officials, and Premier League, Football League and Football Association executives to discuss standards for foreign ownership.
 
Caborn insists that commercialization and foreign investment are good for the English game, "but I think we have got to make sure the Premier League does not turn into a billionaires' playground," he said, adding that the group may implement a "fit and proper person test," for example.

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
Brandao Faces One-Month Suspension for Head-Butt     
Bastia striker Brandao has been provisionally suspended until Sept. 18 by Ligue 1's disciplinary committee and ...
QPR Adds Two World Cup Players     
Queen Park Rangers on Friday confirmed the signing of Chile forward Eduardo Vargas on a season-long ...
Neymar Suffers Ankle Sprain    
Barcelona forward Neymar has picked up an ankle sprain in training and will be out of ...
Conte: 'We're Counting on' Rossi     
Antonio Conte said he is "counting on" New Jersey native Giuseppe Rossi as he draws up ...
Balotelli-Liverpool Talks Continue    
Mario Balotelli has arrived in Liverpool for a medical ahead of his expected 16 million pound ...
Report: Top Clubs Opening US Academies     
The AP reports that South American and European soccer powerhouses are opening full-time soccer academies across ...
Legia Loses CAS Appeal     
Legia Warsaw has said it will sack the administrator blamed for the clerical error that resulted ...
Report: BVB's Sponsors to Buy Stakes     
Borussia Dortmund on Thursday announced that the club would issue up to 24.5 million shares in ...
Simeone: Atletico Can't Compete with Real, Barca    
In an interview with La Gazzetta dello Sport, Atltico Madrid coach Diego Simeone emphasized that despite ...
Dzeko Signs Four-Year Man City Contract     
Manchester City striker Edin Dzeko on Thursday signed a new four-year deal with the defending Premier ...
>> Section 2 Around the Net Archives