Tuesday, January 12, 2010

Ownership soap operas threaten to overshadow on-pitch action




Misdemeanours and financial uncertainties of club owners are threatening to overshadow the football being played on the pitch at several Premier League clubs, leading to questions resurfacing over what makes a "fit and proper" owner of a football club.

Is it just me, or has football's focus shifted significantly towards the boardroom in recent years? As clubs become the playthings of ultra-rich sugar-daddies and sports tycoons from across the pond start to see the Premier League as an attractive prospect, the wranglings of the boardroom have become regular back-page material.

Perhaps it is the overarching and ever-extending influence of money in the game that has switched our focus away from the day-to-day business of the results on the pitch, and on to the results of business off it. Today, the importance of finely balancing success and financial security (something Portsmouth appear to have failed in) is so evident in the game that issues of ownership have been thrust into the public domain.

Club owners are under the scrutiny of the fans and the media alike, and so perhaps, they should be when there is so much at stake. However, surely less scrutiny would be required if the criteria for passing the Premier League's "fit and proper persons test" actually did what it said on the tin.

Portsmouth's recent ownership travails must draw the credibility of the test into serious doubt, as they have proved unable to meet even the most basic of financial commitments since assuming control. Granted, they took over a club already flirting with disaster and financial ruin, but the optimism of the fans when cream-suited Sulaiman al-Fahim bought the club in August has long since evaporated, along with the Dubai businessman's stake in the club (he sold a 90% stake to Ali Al Faraj on October). Portsmouth have made headlines again today as the Premier League gave tghem a 5pm deadline to pay back creditors or lose their latest slice of TV money.

The owners of Manchester United and Liverpool have also made the headlines in the last few days. For United, the story relates to a £500m bond issue in a bid to safeguard the financial security of the club, while Liverpool's co-owner Tom Hicks has today announced that the club will be "spending big" in the summer break, clearly a move to appease fans over the clanger dropped by his son Tom Hicks Jr in sending abusive emails to a fan.

Surely questions must be asked whether these parties are suitable to be in control of two of the biggest and best footballing insitutions the world has ever seen? These clowns of the boardroom are doing their best to overshadow what should really matter - success on the pitch. Liverpool have clearly struggled for lack of adequate investment inthe right areas in the last two seasons, while Manchester United look to be going the same way. Of course, success on the pitch must be underpinned by financial security, but it seems that both parties are failing on that front as well. I'm not sure what either have going for them, but it's not a lot from where i'm sitting.

There are of course stories of takeovers and ownership issues in recent years that have impacted positively on the game, and those should not be ignored. Randy Lerner continues to do a sterling job at Aston Villa with very little public intrusion. He has let Martin o'Neill's side do their talking on the pitch, and for that he should be praised. Carson Yeung has made a promising start to his time as owner of Birmingham City, perhaps galvinising his teams progress which has seen them go 12 games unbeaten in the Premier League. Even Roman Abramovich has enriched the Premier League by bringing us such characters as Jose Mourinho, Guus Hiddink and Carlo Ancelotti in the managerial hotseat, whilst building a formidable team along the way.

It remains to be seen of course, whether Stan Kroenke manages to assume control at Arsenal, and what kind of legacy he'll bring to the club. Many suggest he will be a positive force for change at the club and will lead them to the silverware that has eluded them in recent years. Whatever happens in his story, he would do well to take heed of the mistakes made by those who have gone before him.

1 comment:

  1. The Glazers and the Hicks of this world are saving our endangered soccer franchises, buddy!

    Us Americans saved your precious Manchester Reds and then they won the Premiership League & the Stanley Cup.

    This is how we do business over here and we are the most powerful nation in the history of mankind.

    Thanx for listening.

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