Tottenham Hotspur: Why AEG Takeover Is Hazardous to the Spurs
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Philip Anschutz (president of AEG) is closing in on the Tottenham Hotspur in the latest American invasion of the English Premier League. According to the Telegraph, Anschutz and AEG are planning to spend $712 million on the purchase of the Spurs.
The news comes at a time when the English National World Football Team is debating an English coach for the national team. It is hypocritical to suggest that a coach of the English National team be English, and have a Non English owner of a team that belongs to the English Premier League.
In other words, the owners of an English Premier League team should be English or supporters of the club. A supporter of a Premier League club or an English citizen would be sensitive to the needs of the club.
The idea of AEG buying the Spurs is hazardous to the club like the Glazers were for Manchester United. The main reason is that AEG could dilute the traditions of the Spurs and the Premier League.
The second reason is that AEG (like the Glazers) may leave the Spurs with a heavy debt. The heavy debt could cripple the club when it comes to the FIFA Financial Fair Play.
An example could be that AEG (along with the Glazers and other foreign owners of EPL teams) may abolish relegation and promotion. According to ESPN Soccernet, Richard Bevin (League Manager Association Chief Executive) declared there could be enough votes to replace relegation and promotion with a franchise system with the vote of the majority of Non-British owners.
The abolition of relegation and promotion in the Premier League by Non-British owners could strike a death knell to English Premier League World Football. The second reason are the intentions which are mostly monetary instead of love of sports.
According to the Telegraph, Uli Hoeness (Bayern Munich president) attacked the Glazer family for placing Manchester United into debt after purchasing it. Hoeness even questioned the motives of the Glazers with Manchester United.
I question the motives of AEG for the Spurs in the same vein as the Glazers with Manchester United. While a US Citizen by birth, I think that the English Premier League clubs should be owned by English citizens who know and cherish football more than those whose idea is monetary.
While realizing that this may be a losing battle, it is hoped that this article can stir a debate about foreign ownership of an English Premier League club. It is also hoped that it could galvanize the English to demand that the Premier League clubs be owned by their supporters.
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