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 20, 2014, 4:57 AM EDT
Liverpool can go five clear before David Moyes makes his return to Goodison Park.
Apr 20, 2014, 3:53 AM EDT
Dallas stayed at the top of the Western Conference, while Seattle improved to 3-0-1 on the road.
Apr 20, 2014, 2:39 AM EDT
Seattle’s high-priced strike tandem produced another late winner, giving the Sounders their fourth win of the season.
Apr 20, 2014, 1:51 AM EDT
Two huge saves in the final minutes from Nick Rimando keep RSL unbeaten.
Apr 20, 2014, 1:05 AM EDT
Goal difference has the defending champions on top of the Eastern Conference.
Apr 20, 2014, 12:35 AM EDT
Two more goals off set pieces gave FC Dallas its fifth win of the season.
Apr 19, 2014, 10:55 PM EDT
Juan Guzman gave Giancarlo Gonzalez a pass. Columbus came back to claim a draw.
Apr 19, 2014, 10:11 PM EDT
Two separate leads were pulled back as the Whitecaps fought back at BC Place.
Apr 19, 2014, 9:24 PM EDT
NBC’s team on the scene reacts to the day’s big result:
Apr 19, 2014, 8:49 PM EDT
San Jose remains without a win beside playing the second place Rapids to a standstill.
Apr 19, 2014, 7:43 PM EDT
Look back at a Saturday that helped bring clarity to the Premier League’s title race.
Apr 19, 2014, 7:07 PM EDT
Two weeks ago, it was Mike Magee. On Saturday, it was Juan Luis Anagonó who couldn’t covert late from the spot.
Apr 19, 2014, 6:29 PM EDT
Will Bruin and Andrew Wenger came close, but neither were able to keep his team from playing out a scoreless draw.
Apr 19, 2014, 4:15 PM EDT
A host of teams are battling it out to determine who will fill Germany’s European spots. Meanwhile, the rush to avoid the drop continues.
Apr 19, 2014, 3:38 PM EDT
Chicago goes for its first win while New England looks to make it two-in-a-row, and it all starts at 4:00 p.m. ET on NBC/NBC Sports Live Extra:
Apr 19, 2014, 3:20 PM EDT
All the recaps, analysis and video highlights from a sensational Saturday:
Apr 19, 2014, 2:56 PM EDT
Watch Chelsea’s manager implode in the post-match TV interview, as his unbeaten streak comes to an end:
Apr 19, 2014, 2:52 PM EDT
Lazio, Torino and Parma all dropped points, opening a path for AC Milan to push into Italy’s final Europa League spot.
Apr 19, 2014, 2:32 PM EDT
Chelsea lose at home in PL under Mourinho for first time in 77 matches, as Sunderland shock Blues:
Apr 19, 2014, 1:26 PM EDT
Blues and Black Cats locked at 1-1 after nervy first half, watch live online right here:
- Premier League Sunday Preview: Liverpool’s chance to tighten its grip; Fourth place in focus 0
- MLS Roundup: Sporting climbs to first in East; RSL stays undefeated 0
- Late Martins goal gives Seattle full points at Chivas USA (video) 0
- Grabavoy winner prolongs Portland’s agony against Real Salt Lake (video) 0
- Pérez’s late goal gives FC Dallas 2-1 win over Toronto FC (video) 2
- D.C. United takes a point out of Columbus, but referee has some explaining to do (video) 1