First the Russian arrived, then the Americans followed in quick pursuit. Now the Icelander has a got a foot on the stage, with the Thai doing his utmost to get his finger in the pie that is Premier League football in England.
Where once the butcher, the baker and the candlestick maker had control of their local football club, now major foreign investment is the order of the day.
Local businessmen who supported their home town team no longer have the financial strength to run a football club – it needs multi-millionaire businessmen with massive financial backing to run a Premier League club if they are to break into the big time and compete for the trophies at the end of the season.
Abramovich at Chelsea:
Chelsea were an ordinary mid-table team, struggling with crippling debts, when Roman Abramovich bought the club and financed major signings from his own financial strength. Claudio Ranieri and then Jose Mourinho have been provided with unlimited finances to buy the best players available, and so have bought success. For Abramovich it has been worth it with Chelsea winning consecutive Premiership titles and the Cup ‘double’ this season. However, his holy grail of the Champions League continues to pass him by – much to his irritation and hence the constant media hype of conflict between the owner and the manager.
The Glazers and Manchester United:
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