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Don't blame foreign owners Watch

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    By the time Abramovich and Mansour arrived (we can also mention the Glasers, Hicks and Gillett, and the succession of foreign owners of Portsmouth, for example), we were already deregulated and suffering the problems of high ticket prices, excessive wages, agents, corruption of our football authorities, commercialisation, etc., etc.

    Luckily UEFA is already coming to grips with this kind of ownership through the FFP, which are not directed at the nationality of the ownership but the effects of 'financial doping' both on competitive balance and on the long term viability of the clubs. The apparent advantages of Abramovich's and Mansour's ownership are no more.

    But you have to remember that sugar daddy or so-called 'benefactor' ownership was also well known among English clubs a long time before Abramovich and Mansour turned up. A variety of rich English owners were driven by any number of motives, including the ideas of vanity, the media spotlight, the 'kudos' you talk about, comic-book dreams, the notion of a plaything or bauble, and so on. Trouble woiuld come when they ran out of money, or when they became bored, or when someone popped their fantasy bubble. There were also English owners who pumped illusory amounts of money in, and then stripped the assets in a kind of smash and grab raid. They were the crooks and the fraudsters. English owners also ****ed their clubs up.

    The culture of excess is related to the deregulated nature of English football. We can't blame Johnny Foreigner. It's no coincidence that we are the location of one of the two main financial centres of the global economy. Both of these centres, the City and Wall Street, were also responsible for the deregulation and consequent chaos that led to the financial crisis.

    Listen to Scudamore and his ilk in the Premier League. They don't believe that proper regulation of business is good for English football. Ridsdale and his cronies are classic examples of the consequences of this. Without regulatory restraint, they invented all kinds of financial instrument to build the Leeds dream: in many ways it was their activity that foretold the more general financial crisis we find ourselves in today.

    Just as deregulation has allowed all kinds of footloose capital to flow throught the City of London financial markets, so also has Premier League deregulation allowed all kinds of capital from all over the world to flow through English football, whether to gain a respectable foothold, whether for 'laundering' in the broadest sense, whether to make a quick buck, whether to gain something for nothing...

    This is money. It flows around the world, it has no nationality. It pours into places where it finds a suitable home. The only 'nationality' that matters is ours: the nation of 'England' (or of the UK) that is the focus of deregulation. We were partly responsible for the financial crisis through deregulation of the City of London. We have also progressively ****ed up our own game of football through deregulation.

    But, we need to be careful not to over-regulate. I would not want to go the way of some US sport where, instead if having a few teams dominate, they have been too successful at levelling the playing field; the result of which has been to make it hard to build a team into regular winners. Randomisation is just as bad as monopolisation.
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    Blame foreign owners for what exactly?
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    The least you could do is quote the source for this.
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    (Original post by Kevmeister)
    The least you could do is quote the source for this.
    A source to provide justification for original content ... errr
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    (Original post by 66CC99)
    A source to provide justification for original content ... errr
    Errrr... what I was hinting at is that it's not original, imo.
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    (Original post by Kevmeister)
    Errrr... what I was hinting at is that it's not original, imo.
    There is nothing in the post that needs a source.
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    (Original post by Kevmeister)
    The least you could do is quote the source for this.
    That was my opinion. It seems trying to spark a debate is an exercise in futility.
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    You're far too good to be real, Kev. :love:
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    The point I am trying to make is the real problem is not so much these greedy idiots -- you're not going to blame sharks for eating their prey -- as the lack of proper regulation by our football authorities. We have suffered from massive deregulation since the 80s. The FA is all over the place, worse than useless, and the Premier League suffers from a laissez-faire ideology, hypnotised by the massive flows of money that pass through the game. We have not enforced proper financial regulation (UEFA is having to do that for us), and we don't have a meaningful 'fit and proper persons test' for club owners. If you want to know who's f**ked up English football, it's our own authorities.
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    It's a double edged sword. It is because of money that England became a major world league. OK, before Sky and wealthy benefactors coming into football, we were successful in Europe. But never as wealthy as Italy or Spain.

    Football clubs though are companies. So if they are bought, who is to say they should not be? it's just a market economy in action. Stopping them doesn't make sense. I think personally that football globally needs to be revised financially and economically. I think as things stand now, the bigger clubs by virtue of their size will only get stronger and bigger. This is why there is a top four in England these days, since United, Chelsea, Arsenal, Tottenham, Man City, etc. have the resources to consolidate their positions. Few other clubs have the potential to challenge them. Everton, Villa, Newcastle, Sunderland, etc. have the fanbase perhaps, but not the finances.
 
 
 
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