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Old 4th February 2017, 18:37
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Default Foreign owners in Premier League

We all know of the Russian, Arab, US, far east inlvovlement in Premier League clubs. The UK is a rich nation in world terms member of Group of 7 and other influential groups etc. Also with a fair number of super rich. However why isnt there many rich Britons buying into football? Or not many oligarchs like we see from Russia, the ARabs, Chinese seeking to stash their wealth overseas from their governments? If the super Rich Britons can see profits being made in football why dont they get involved?
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Old 4th February 2017, 20:48
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My belief is that many of these foreign millionaires/billionaires buy into it to gain some credibility and/or influence in the West. The Premier League is a global brand and they can reach many markets through association with it. (They can also perhaps gain some pride from their own countrymen by having their nation represented at the top level of ownership).
Do you think they make money from it, I doubt this is any way guaranteed except in a few cases. More like they are prepared to pump money in in exchange for the kudos that comes from it.
That old saying : It's easy to make a small fortune out of football, you just need to start off with a large fortune.
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Old 5th February 2017, 06:11
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I wondered why the really rich and powerful like the Duke of Westminster and lower down the scale the likes of Richard Branson dont seem interested. Is it something 'old money' like the aristocracy doesnt get involved with? They were involved in 'non profit/professional' sports like Rugby (before both codes became professional), Polo and others. Maybe British monied classes and super rich, dont believe in throwing money around for vanity projects. I recall when Alan Shearer became the world's most expensive player, Alan Sugar, the then Spurs chairman, said 'even if they sell all the shirts they make and win the league, they wont make that money back'
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Old 11th February 2017, 09:06
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Since Palace got their American owners their form has plummeted, like some kind of curse
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Old 2nd May 2017, 14:47
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It could be worse. You could have some fat, dodgy, cockney wanker in charge of your club - as we have at Newcastle. At least Abramovich is passionate about his team and puts his money where his mouth is.

Ashley has simply used NUFC to promote and sustain his other business intrests.
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