Today's topic is a bit off the world's economic matters, however it surely is an economic matter for such a glorious football club as Liverpool FC. There is a big "fuss" in the press and among the club's fans these days while its american owners are unwillingly planning to sell the club due to large debts.
In the past recent years it has become sort of a trend to buy English football clubs, however the history tells us that previously it were the cases when some oil-rich Russian billionaire Roman Abramovich and a mega-rich Arab family meaning that this game is for high-rollers. Americans taking over a British football club especially one like Liverpool should have thought well before putting a final signature on a document. These purchased clubs become more than just football clubs, or money making machines they become internationally recognised brand names.
Liverpool FC alongside Manchester United is according to the statistics is the most successful football club in the English Premier League which currently holds 18 national titles. But the club had the misfortune to be bought by American owners rather than rich Arabs or Russians and therefore the current standing in the league.
Current possible new owners of the club, New England Sports Ventures, look better organised and better funded than the current one. Despite its name, NESV are also Americans. And the lesson of English football teams to date is that American ownership has brought a major club to a major debt.
It is all quite linked with the way things are going in the current global economy. American owners are heavily-indebted and rely on financial engineering. It is the oil-rich Arabs and Russians who have the cash and will to buy English football clubs to penetrate them with millions of pounds.
K.S.
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