Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Blame the EPL, not American owners
by Paul Kennedy, October 7th, 2010 12:48AM
Subscribe to Soccer America Daily

MOST READ
TAGS:  england

MOST COMMENTED

[MY VIEW] Wednesday's news that one American group will succeed another as the owner of Liverpool, one of the most revered clubs in English soccer, brought more moans and groans from the other side of the Atlantic, where American owners are vilified. But English critics are barking up the wrong tree if they think American owners are the problem.

Liverpool has been on a downward spiral since Americans Tom Hicks and George Gillett bought the club in 2007. The Reds reached a new low last weekend when they lost at home to lowly Blackpool and fell in the relegation zone.

"Built by Shanks, Broke by Yanks" read one of the banners at Anfield, referring to legendary manager Bill Shankly and Hicks and Gillett.

Liverpool's problems weren't its owners, American or otherwise, but the English Premier League, which allowed Hicks and Gillett to buy the club with borrowed money. Just as it allowed the Glazer family to buy Manchester United with borrowed money.

Both deals proved disastrous when the world financial markets crumbled in late 2008, leaving the owners with no one willing to refinance their loans on favorable terms.

Until the EPL tightens it ownership rules like those that exist in American sports, it will have no one to blame but itself the next time a club is thrown into crisis like Liverpool has been.



0 comments
  1. Brian Herbert
    commented on: October 7, 2010 at 11:33 a.m.
    Absolutely right. Sports franchises are very different from a "real" business, and even real businesses get over-leveraged with debt. I think history shows sports franchises are best owned by one or more wealthy individuals putting in THEIR OWN money.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
Sebastian Saucedo strikes twice as U.S. U-20s advance     
The USA moved into the second stage of the men's Concacaf U-20 Championship with a 4-1 ...
Roster: U.S. U-23 women head to Spain    
The U.S. U-23 women's national team will play Japan (March 2), England (March 4) and Norway ...
USWNT: No Klingenberg, no A-Rod for SheBelieves Cup    
U.S. women's national team head coach Jill Ellis has named the 23-player roster for the 2017 ...
Report: UCL headed to Turner and Univision in 2018    
Turner Sports and Univision have snatched the U.S. media rights to the UEFA Champions League away ...
U.S. Soccer: U-17 and U-20 women's coaches to be replaced    
B.J. Snow is no longer U.S. U-17 girls national team coach and Michelle French is out ...
U.S. Abroad: Johnson's M'Gladbach pulls miracle comeback    
Fabian Johnson came off the bench for Borussia Moenchengladbach as it came back from 2-0 down ...
Sneak Peek: Potent Impact seeks resiliency and depth    
Last year Montreal stunned Red Bulls, 3-1, on aggregate and took a commanding lead against Toronto ...
What They're Saying: Perry Dealy    
"It's worth preserving because we don't have a lot of icons. It would save a lot ...
Sneak Peek: Vieira is convinced NYCFC will be improved    
In his first season, Patrick Vieira proved that a foreign coach unfamiliar with MLS could find ...
Sneak Peek: Timbers look as good as ever    
From MLS champion in 2015 to out of the playoffs in 2016, it was quite a ...
>> Soccer America Daily Archives