US owners understand profit but do they appreciate clubs’ tradition and values?

Half of the Premier teams are part- or fully-owned by Americans or US companies. Fans’ suspicions are understandable

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It’s just over a year since Gary Neville declared US owners of English soccer clubs “a clear and present danger to the pyramid and fabric of the game”. The comment provoked a furore but the former England full-back turned high-profile pundit was unrepentant, insisting that if profit is the priority, there are vital aspects of the roles of soccer clubs that risk being lost.

The issue, clearly, is not restricted to US owners. It’s unlikely that anybody who is not a fan who takes over a club is going to be acting primarily in the best interests of the community it represents. But given half the 20 Premier League clubs (and seven of the 24 Championship clubs) are part- or fully-owned by Americans or US companies, and given the prevalence of private equity companies whose sole interest is short-term profit, it’s perhaps not surprising that it was Americans who drew Neville’s ire, particularly given the chaos induced by the Glazer family at Manchester United, the club for which he used to play. Continue reading...

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