Arsenal’s chief executive Ivan Gazidis thinks that the financial fair play law that UEFA is going to impose in football will be a great rule because it will attract more potential owners towards the Premier League. Gazidis fears that powerful owners like those of PSG, Manchester City or Malaga are chasing away other potential owners.
“We are at a point now where we are seeing transfer fees and players’ salaries continue to go up and we’re seeing fewer and fewer potential owners able to own a Premier League team. The pool is so small you’re looking around the world for a handful of individuals to be a benefactor for these clubs.”
“What would be more healthy, I believe, is if we could find a model where someone could invest in football without losing their shirt. There are many, many very good potential owners who want to be involved in the Premier League; it’s the world’s top sports league and has incredible potential, but they will be involved only if there is some kind of sustainable business model.”
“That’s what the game is trying to produce – more stability from a financial and business standpoint. That would allow more potential owners and, ultimately, lead to better ownership and more investment in the fundamentals of the game that can push the game forward.”
Gazidis is right, the financial fair play rule is a great one because it will stop clubs like Manchester City to use their money to create a fierce football club instead of using other better methods. This way more young footballers will be promoted and Football will grow.