Influential UK media outlets are now questioning the whole issue of ownership. In England, and increasingly in much of Europe, with clubs desperate to try to catch Premier League clubs financially, owners have come to be judged on how much money they spend on players and how successful this makes their clubs. This may no longer be seen as enough.
WILL FOOTBALL FANS CARE?
It remains to see if this will get fans to sit up and take notice of how their success is paid for, or if victories and silverware remain the ultimate barometer.
Controversially, in 2021, Saudi Arabia’s Public Investment Fund bought a majority stake in the relegation-threatened Newcastle United. Fans had mixed reactions – some celebrated a new era after its unpopular previous owner, while others criticised the move, citing concerns about Saudi Arabia’s human rights record.
But many fans seem to be more delighted with being among the richest clubs in the world. The team spent over US$100 million in the January transfer market and has since climbed away from relegation danger. Saudi Arabian flags have even been seen at Newcastle’s stadium. After years of underachievement, Newcastle is desperate for trophies.
On social media, fans of Chelsea and Newcastle have lamented that growing criticism about their riches is unfair and due, at least in part, to jealousy. They point to established elite clubs like Manchester United and Liverpool, whose ex-players are now prominent media personalities pushing these criticisms, trying to protect their former clubs.
They may have a point. With the strong tribalism that exists in English football, it is certainly possible that at least some of the reaction comes from the delight in the potential downfall of a rival club.
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