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
Foreign Sellout Threatens EPL Regulation
The Guardian, July 30th, 2007 3:30PM

MOST READ

MOST COMMENTED

Opponents to foreign ownership in English soccer are a frustrated bunch these days. In all, nine EPL clubs have been taken over by foreign investors; Americans own three of them, and soon, perhaps, four, if Colorado Rapids owner Stan Kroenke can buy his way further into Arsenal and gain control.

Opponents to the trend argue that English soccer is not only losing its soul, but the league also risks bankrupting itself if the foreign owners are unable to turn a profit and decide to leave the clubs behind. "No other country allows the crown jewels of their major sport to become the uncontrolled playthings of investors whose backgrounds remain untested," says Observer columnist Tom Bower, author of a book called "Broken Dreams: Vanity, Greed and the Souring of British Football." Indeed, British regulators seemed to look away as exiled Thai Prime Minister Thaksin Shinawatra took control of Manchester City -- despite the fact that over $1 billion of his money remains frozen in Thailand.

Worse, Bower says, is the looming threat that foreign owners pose to the Premier League and Football Association's authority. In recent weeks, foreign owners have discussed replacing EPL chief Richard Scudamore -- most likely with an American, says Bower. Meanwhile, more pressure will be heaped on the strained relationship between the owners and their regulators as the likes of Everton, Fulham and Arsenal look for buyers. That would tip the balance of power in the league in favor of the foreigners.

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
Report: Arsenal Leads EPL with 900 Injuries in 12 Seasons    
According to a report from PhysioRoom.com, which monitors sports team injuries, Premier League giant Arsenal has ...
Underdog BATE Bounces Back Against Bilbao     
Despite losing its opening game to FC Porto, 6-0, underdog BATE Borisov found itself right back ...
Bayern Bosses Slam CSKA's Empty Stadium     
Bayern Munich coach Pep Guardiola admitted there were few benefits to playing in an empty stadium ...
Diego Costa Ready to Play for Spain, Despite Mourinho     
Diego Costa on Wednesday declared himself fit to play for Spain despite club coach Jose Mourinho's ...
Totti: Man City's Tweet Inspired Me to Score    
AS Roma captain Francesco Totti claimed that Manchester City brought him luck by referencing him prior ...
PSG Tames Barca in UCL Thriller    
Paris Saint-Germain might finally have what it takes to win the UEFA Champions League, coach Laurent ...
The case for more female coaches in youth soccer    
Nicole Farley, who coaches at Southern California's Laguna United SC and Dana High School, says "I ...
Nasri to Miss a Month Following Surgery     
Manchester City midfielder Samir Nasri will miss a month after having groin surgery over the weekend. ...
Herrera Out as Man United Injury Crisis Worsens    
Manchester United midfielder Ander Herrera will be out for "weeks" with a fractured rib in yet ...
Giroud Signs Gunners Extension    
Goal.com reports that injured Arsenal striker Olivier Giroud has signed a two-year contract extension with the ...
>> Section 2 Around the Net Archives