Football

Premier League: Are foreign owners always the answer?

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Abramovich has overseen many years of success at Chelsea (©GettyImages)
Abramovich has overseen many years of success at Chelsea (©GettyImages) .

Many football fans dream of a day when a billionaire oil magnate takes control of their club, kick-starting a period of European adventures, visits to Wembley and record-breaking transfers. 

In recent weeks, reports have identified Arsenal as the target of a potential takeover by an Arab consortium, which plan to end seven years of trophy-less hurt for The Gunners. Whilst fans of the north London outfit will welcome further investment - especially after selling Robin van Persie, Samir Nasri and Cesc Fabregas to rivals amongst others - they may be wary of the problems they could face if the takeover were to go ahead.

It is undeniable that Chelsea have been successful since Roman Abramovich's 2003 purchase of the club, and can boast three Premier League trophies, four FA Cups, two League Cups, two Community Shields and one Champions League during his stint as chairman. 

Manchester City have been less successful since being purchased by the Abu Dhabi United Group in 2008, but won their first major trophy in thirty five years with the 2011 FA Cup, which was followed by the 2012 Premier League trophy. Both clubs have however had a degree of instability during these periods. Chelsea have had well documented problems with keeping managers, having had nine since Abramovich's reign began. 

City's search for success has seen them sign players with undoubted quality that have been plagued with discipline problems, such as Mario Balotelli, Robinho and Carlos Tevez.

Other clubs have had less success with their foreign owners. Portsmouth are an example, they've had several owners over the last 10 years and have fallen into financial ruin due to the ambitious overspending. Their troubles can be put into light by the fact that they won the FA Cup in 2008 and are now struggling in the lower echelons of League One.

It is clear that the club has suffered from ownerships that have placed importance on personal financial gain instead of the wellbeing of the football club, much to the disdain of the fans.

Birmingham City are another example. Hong Kong businessman Carson Yeung took control of the club after purchasing shares from David Gold and David Sullivan in 2009 andhad great plans for the club, however they currently lie in the Championship. 

It can certainly be argued that foreign owners do not guarantee success. Be careful what you wish for, or your club may end up in financial turmoil. 

 

DISCLAIMER: This article has been written by a member of the GiveMeFootball Writing Academy and does not represent the views of GiveMeFootball.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeFootball.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Topics:
Arsenal
Portsmouth
Football
Manchester City
Chelsea
Premier League
Birmingham
West Ham United
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