As the season has barely started, we are seeing a strange economic movement in the shareholding of some of the Premier League clubs. There are internal schisms between owners, as in Chelsea, and also investors from one club who want to try their luck in another, as is the case with American. John Textor, co-owner of Crystal Palace, who wants to buy the historic Everton, in serious crisis and again under England.
The lauded results of the financial revolution that necessitated the creation of the Premier League in 1992 now that one of its founders, the Liverpool Toffees, has found itself in a very difficult situation, the only way out is a sale to the highest bidder. . That dreamed economic boom allowed a rebalancing of forces in the English league, thanks to the distribution of television rights, but at a high cost. The mismanagement of many tycoons, who came to the United Kingdom with dreams of greatness to expand their businesses, alienated the clubs from their followers and in many cases destroyed their identity. The cases of Chelsea and Everton are paradigmatic.
Bitter disagreement between Chelsea owners
The two American co-owners of the southwest London blues, the Clearlake Capital fund, which owns a majority stake, and the businessman Todd Boehly, Now they have a bitter disagreement about the club model they want for Chelsea. It was an open ‘war’ for power, just two years after his arrival in London. They relieved the Russian Roman Abramovich in 2022, and they are a clear example that the consortia of convenience in high-profile financial operations, due to the high value of the clubs, is not always good.
Clearlake, represented by Behdad Eghbaliand Todd Boehly They want to get rid of the whole episode of Abramovich at a very high cost (1.3 billion investment in transfers) and disgusting pressure on the four selected coaches (Potter, Lampard, Pochettino and Maresca), that made disagreements inevitable, without clear direction or immediate results to reduce drift. Now Clearlake Capital wants to eliminate the influence of Boehly and in the middle is the design of the future of the club, with the eternal problem of Stamford Bridge, the opposition of a sector of member-owners to modernize the old stadium and, in addition, a legacy of a possible penalty for in financial irregularities, in the previous phase of Abramovich, still solve.
Also from the same south London, Crystal Palace investor, John Textor, negotiating the purchase of Everton from its owner, Farhad Moshiri, who is desperate to save the club. The roots of Texter in the Palace it was short-lived, but not only him. The same happens with Amanda Staveley until this summer, a minority shareholder in Newcastle, who, after selling his shares due to differences with the Arab owners of the ‘Magpies’, is now in negotiations to join Tottenham Hotspur, without an emotional relationship that counts for anything. They are all mercantilist movements, with business first, disconnected from the clubs’ followers, and illustrate the worst side of the dark ‘business’ installed in English football.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
