: Middle Eastern investment in European clubs and the collapse of a planned Super League are the main driving factors behind two of England’s most storied football teams, Liverpool and Manchester United, seeking new investors, industry experts have told Reuters.
United and Liverpool are the two most successful teams in English football but have won only one league title each in the past decade. “They need an infusion of cash in order to keep paying these transfer fees and the salaries. You don’t make money running a sports team, you make it when you sell it.
“The failure of the proposal and the failure of Premier League clubs to gain greater power in the running of the league are likely influencing factors,“ said Spencer Harris, Associate Professor of Sport Management at the University of Colorado.Harris said that the sale of Chelsea for US$5.2 billion in May to an American consortium led by Todd Boehly and Clearlake Capital as well as investment from sovereign nations were also factors in seeking new funding.
Newcastle United’s takeover by Saudi Arabia’s Public Investment Fund has also turned around their fortunes with the Tyneside club third in the Premier League and in the semi-finals of the League Cup this season. Newcastle have not won a major trophy in more than 50 years. The Glazers bought United for £790 million in 2005 while FSG took over Liverpool in a £00 million pounds deal in 2010.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Soccer-Middle East money forcing Liverpool, Man Utd to seek new investment - experts(Reuters) - Middle Eastern investment in European clubs and the collapse of a planned Super League are the main driving factors behind two of England's most storied football teams, Liverpool and Manchester United, seeking new investors, industry experts have told Reuters.
Source: staronline - 🏆 4. / 75 Read more »
Malaysia’s First IMAX With Laser Hall Is Now Open At GSC IOI City Mall EastMalaysia’s First IMAX With Laser Hall Is Now Open At GSC IOI City Mall East GSCinemas IMAX
Source: LowyatNET - 🏆 13. / 59 Read more »
Show proof of 'charity', Umno man tells PN over money to votersIsham wants Hamzah to explain PN's 'intent' if it did give money to voters. just file election petitions to nullify all PN winning seats. Money politics at its worst. Bribes being disguised as traveling claims to exchange for votes.. Dengan niat sedekah dan pakai songkok atau kopiah, itulah buktinya No need to show proof just make report to sprm n also the police.Thats the way to do it ..common Hisham ...
Source: malaysiakini - 🏆 20. / 51 Read more »
Soccer-Three arrested for alleged homophobic chanting at Liverpool-Chelsea game(Reuters) - Three men were arrested following reports of alleged homophobic chanting at the goalless draw between Liverpool and Chelsea at Anfield, Merseyside Police said on Tuesday.
Source: staronline - 🏆 4. / 75 Read more »
Bersatu man: Roping in S’pore's HDB to solve housing woes violates sovereignty‘Does the DAP minister have a specific agenda in doing so?’ WTF is this reasoning? It's housing ffs, not defence, security or even finance that involved national security. Plus we are asking them to share their expertise not ask them to build houses here. Bodoh punya Faiznaaman This is the stupidest thing I have ever read today & it is only 2nd day of cny 23rd day of 2023. I believe more to come. So roping in foreign experts to help build the Twin Towers and KL Tower does not? 🤔
Source: malaysiakini - 🏆 20. / 51 Read more »
Ten Hag says Man Utd must ‘change mentality’ after Arsenal defeatLONDON: Manchester United manager Erik ten Hag said his team must change their mentality if they want to become a trophy-winning team, bemoaning defen...
Source: theSundaily - 🏆 25. / 51 Read more »