Nov 29, 2013, 2:51 PM EDT
Over the past decade in the Premier League a huge influx of foreign owners has helped transform many of England’s biggest clubs.
Some purists argue that foreign owners don’t understand the ethos of certain teams and are not sensitive to the needs of the fans, others believe the endless millions that wealthy benefactors, who hail from outside the UK, pour into the teams and the country itself is of huge benefit to the English people.
One of the largest shareholders in Arsenal Football Club, Alisher Usmanov, is of the latter opinion.
Mr. Usmanov has a personal wealth of over $20 billion and has tried to increase his 30 percent stake in Arsenal only for American majority shareholder Stan Kroenke to brush him aside. However, with the growing band of foreign owners in the PL set to increase in the future, Usmanov believes it is benefiting the league.
“Everyone who has legal right to buy something can perform this right,” Usmanov told BBC Sport. “We have Kroenke, [Aston Villa’s Randy] Lerner, many, many people and now many Asian owners. I think everyone is comfortable if the club are successful. If the club are not successful then, of course, everybody wants to find somebody guilty.”
Russian billionaire Roman Abramovich bought Chelsea in 2003 and that started a wave of foreign investment in the PL as American Malcolm Glazer took over at Manchester United, Sheikh Mansour from Abu Dhabi bought Manchester City, Aston Villa were bought by American Randy Lerner and now the list goes on and on.
Usmanov wants that to continue and doesn’t think it’s doing anybody any harm as more money floods in from overseas.
“I’m sure it is good [for English football],” Usmanov said. “When investors come and invest in the economy, in British football, it is a big part of the entertainment economy in the United Kingdom. What’s bad?”
As it stands ten (Manchester United, Manchester City, Liverpool, Arsenal, Aston Villa, Sunderland, Southampton, Cardiff City, Chelsea and Fulham) of the PL’s 20 teams are owned by non-British companies or individuals. Many fans of those clubs have claimed struggles with their identity as new owners try new ideas, re-brand the team in different ways and try to make their new ‘business’ as profitable as possible.
But can fans really complain about changes in color or traditions? After all, these wealthy individuals are allowing the side they support to thrive and compete in the most lucrative and most watched league in the world.
Something has to give and ultimately, money talks.
Whether that’s with finances from England or finances from foreign countries, the Premier League clubs involved are benefiting tremendously.
As Usmanov said, ‘What’s bad about that?’
Apr 27, 2015, 10:15 PM EDT
Sometimes words can’t be used to express emotions, so this team resorted to throwing wild haymakers instead.
Apr 27, 2015, 8:45 PM EDT
A friendly reminder that we’re all entirely too knee-jerk with our reactions these days.
Apr 27, 2015, 6:45 PM EDT
This one is an absolute beauty from Bobby Wood, who’s doing his part to keep Erzgebirge Aue from being relegated out of 2. Bundesliga.
Apr 27, 2015, 5:41 PM EDT
Freddy made his second appearance for KuPS last week, and dare we say it, he looked pretty good. See for yourself.
Apr 27, 2015, 4:55 PM EDT
Only an all-time historic meltdown of epic proportions can keep Bournemouth out of the Premier League now.
Apr 27, 2015, 4:15 PM EDT
Maybe the best player in MLS that you don’t know about, it’s time to recognize Ethan Finlay.
Apr 27, 2015, 3:30 PM EDT
28 goals in 9 games means choices aplenty for this week’s MLS Team of the Week.
Apr 27, 2015, 3:11 PM EDT
Now 21-year-old midfielder John McGinn is set for three weeks on the sidelines, though he also has a heck of a story.
Apr 27, 2015, 2:18 PM EDT
The 29-year-old Belgian center back joins a unit which has conceded just 19 goals in La Liga play, the best total in the league by six goals.
Apr 27, 2015, 1:35 PM EDT
Hazard is now the PFA’s reigning Player of the Year. We doubt very much this video will make his peers think they voted incorrectly.
Apr 27, 2015, 1:16 PM EDT
Backup keeper Erik Kronberg is ineligible for the competition since he was a part of Sporting KC earlier in the tournament.
Apr 27, 2015, 12:07 PM EDT
The headlines aren’t being kind to Newcastle on Monday morning, and it seems their manager is sick of his players’ performance and grief from supporters.
Apr 27, 2015, 11:08 AM EDT
True to form, the West is leading. Perhaps not to expectations, but leading nonetheless.
Apr 27, 2015, 10:35 AM EDT
PST’s Lead Writer and Editor takes an alternative look at Week 34 in the PL.
Apr 27, 2015, 10:10 AM EDT
Find out which club put forth a performance that was second to none in Round 34 of the Premier League.
MLS official squashes rumor of emergency intra-MLS goalkeeper loan for CONCACAF Champions League final
Apr 27, 2015, 9:21 AM EDT
A potential week-long loan of Chicago Fire goalkeeper Sean Johnson to the Montreal Impact for this Wednesday’s second leg of the CONCACAF Champions League final against Club America is not going to happen.
Apr 27, 2015, 8:35 AM EDT
Find out whose star shone above the rest in the Premier League this weekend.
Apr 27, 2015, 8:08 AM EDT
Elton John. American skippers and Harry Potter. Get to know the Hornets ahead of their PL return.
Apr 27, 2015, 7:50 AM EDT
Sturridge and Luis Suarez registered 52 PL goals last season. Liverpool as a team has 47 this season.
Apr 26, 2015, 11:50 PM EDT
Final: Sounders 1-0 Timbers
- MLS Player of the Week — Week 8: Columbus Crew SC’s Ethan Finlay 0
- MLS Team of the Week — Stars of Week 8 0
- Not even allowed an appeal: CONCACAF confirms Bush suspension for Champions League final 2
- Premier League Playback: Chelsea brilliant, not boring, as title inches closer 0
- MLS official squashes rumor of emergency intra-MLS goalkeeper loan for CONCACAF Champions League final 11
- VIDEO: Premier League Player of the Week — Round 34 0