Former Chelsea and current Leeds United owner Ken Bates has asked for PL to ban foreign investment.
The 89-year-old is probably a little too aged now and hence(probably) such statements have been made.
“Manchester United owned by Americans. Liverpool owned by other Americans,” Bates told The Telegraph. “The first thing they said was let’s reduce the Premier League by two clubs. Let those two resign. Get out of it. Nobody asked for them to come.
“The great thing about English football is you kick off in August and all start even. What you did 20 years ago has nothing to do with what you do today. The trouble is that the FA are very weak. I found that when I was on the FA council and the FA board. They should have introduced rules preventing foreign ownership of football clubs.”
“Too much money goes overseas and they don’t pay any tax,” he explains. “The Government should introduce tax for any payments overseas for transfer fees, players’ agents, image rights or any of that, 25 to 30 per cent.
“The other thing, they should charge outgoing transfer fees against tax. That will bring down the transfer fees, reduce the number of foreign players coming in and let the English players play in their English league.”
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