Why we’re stuck with a Premier League in the clutches of the global mega-rich | Jonathan Wilson
There’s little prospect of the model changing in a country that welcomes wealthy international owners with open arms Football, the world’s most popular sport, played by laws drawn up in London in 1863. The Premier League is the UK’s greatest soft power export. Premier League clubs are owned by a deputy prime minister of Abu Dhabi, the public investment fund of Saudi Arabia, a billionaire based in…
The Premier League, a pinnacle of football, has been shaped by laws established in London back in 1863. This global sport, cherished by millions, thrives under the ownership of a diverse group of individuals, including an Abu Dhabi deputy prime minister, a Saudi Arabian public investment fund, a Monaco-based billionaire seeking tax advantages, and various investors and private equity funds.
These unique players have raised questions about the league's regulation and the challenges in controlling the immense wealth and power within the industry. The Manchester City case has highlighted the complexities of managing such a powerful entity, with legal battles potentially stretching on for years. Unlike earlier owners like Albert Alexander Sr or Peter Swales, today's football giants possess such financial clout that they can afford to hire the world's top legal minds, making the situation even more formidable.
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