The famous Indian tycoon, Ahsan Ali Sayed, announced his intentions to purchase Blackburn FC. He has accumulated 300 million pounds that will, according to his spokesperson, cover the purchase, club's debts, and contracts for new players.
Western Gulf Advisory (a joint Bah rein Swiss Company owned by Mr. Sayed) is planning to review the financial records of the football/soccer club. While many people talk about sports and money, I do not agree with the purchase.
The majority of the purchases of clubs by millionaires are just for love of money instead of sports. Manchester United is owned by the Glazers (who also have a stake in the Tampa Bay Buccaneers).
The Glazers have taken one of the most prestigious clubs and turned it into a debt-ridden one. The Glazers showed no interest in the club except for milking it of money for their own gains.
David Beckham has lent his support to the people of Manchester United who are struggling to save money and purchase it from the Glazers.
Thaksin Shinawatra's purchase of Manchester City is another example of greed. Mr. Shinawatra treated Manchester City his personal property. He treated Sven Goran Eriksson like trash and fired him when there were no victories. Shinawatra lead Manchester City to financial loss.
Scarborough Athletic, which is the successor club of the now defunct Scarborough FC, is owned by its supporters. While it has not received the publicity that Premier League clubs receive, the supporters have a say in the club.
The club itself is financially stable and has had its victories in various games. It is hoped that many clubs such as Blackburn would follow the example from Scarborough.