Monday, June 22, 2009

Another Premier League side is snapped up.

Another Premier League team has been snapped up, this time by a member of the United Arab Emirates royal family. It adds to the growing global view that the Premier League is a candy shop where anyone with a few hundred million in the bank can come along and snap up a side causing growing anger and frustration at the influx of foreign owners.

Sheikh Ahmed bin Saqar al-Qassimi has bought up a 60 per cent stake in one of the current Premier League sides but news is not being released of which it is until a few days have passed. It means that another club can now join the likes of Liverpool, Manchester United, Manchester City and Portsmouth in having an owner that does not come from this country.

It contrasts quite interestingly the way that massive football clubs are run in Spain, where no single person can nail down and own a club. This has been linked to the financial power that Real MadridReal Madrid and Barcelona are currently whipping up, financial power that vastly outweighs any financial investment that we have seen so far from an owner in the Premier League.

However, the point is that whoever the UAE member has snapped up can look forward to a future of no debts, big name players and maybe even a lot of success. Although it is quite worrying to see another club that will be controlled entirely by one person, who can make demands and arrangements as they see fit. The power in football is moving away from the area that it should be in and although the fans of this club in question can be positive, they should be equally cautious.

If this is a big club then it will be a lot easier for the current structure to move forward quickly. The high calibre playing staff should already be in place for next season and the business model of the club should be solid. This means that the new owner will have a lot less work to do and it will allow the team to maybe snap up a couple of players at the last minute who would otherwise have not been accessible.

If it is not a big club then it is likely that the owner will have a lot more work to do. The football club of today is seen as a business and all hard working business men like to see profits from their investments. This could mean a complete overhaul of the business model of the club in question. This could dent the immediate prospect of success on the pitch until the club is turned into a financial machine that churns out results in this aspect, something that would have nothing to do with the football.

This view is substantially more worrying for the fan of this mystery club. They will only care about the football so long as the finances are stable. They see their club as a sports club and not a business and the owner has to keep this in mind when he is making decisions that could potentially annoy a lot of people. Just look at what Mike Ashley did to Newcastle United.

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