Tuesday, August 07, 2007

UEFA's Platini concerned about EPL club viability

The influx of foreign investors in English football could result in mass insolvencies among clubs, according to dire warnings from Michel Platini, the President of UEFA, Europe's continental football body. Eight English Premier League clubs are foreign-owned, with several others the objects of interest from abroad and Platini has said that he would be concerned if the same happened in his native France. “I would be worried if I were English because of all the foreign ownership,” he said, as quoted by Nick Szczepanik of The Times. “They could be rich people coming to help English football and develop it, but they may just want to make money. I fear your clubs will lose identity. If it was in France, I would fight it.”

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