Posts Tagged ‘AMERICAN OWNERSHIP GROUPS’

YANKEES IN BID TO BUY TOTTENHAM

July 19, 2010

YANKEE’S TO BUY SPURS?

The New York Yankees of Major League Baseball have made a bid to purchase London based Premier League side Tottenham Hotspur for $687 million.

One of the most successful sports franchises in history, in terms of on field success, overall team value and profitability, the Bronx Bombers also posses the most globally recognizable logo and branding.

The news, coming just days after the death of long time Yankee owner George Steinbrenner, the move is being made by sons Hank and Hal who have operated the 27-time World Series Champions for the past few years.

Hank, in response to a recent question regarding the Steinbrenner’s possibly purchasing a sports franchise in a different sport, told reporters “The only thing would be a major soccer team in ­Europe, preferably in the Premier League. That’s always a possibility for me.”

Interestingly, the news falls at a time when Tottenham are to play two matches in New York City area.

Spurs will take part in the Barclays New York Challenge, beginning on Thursday.

American owners of Premier League teams have had mixed results. Andy Lerner , who owns the Cleveland Browns of the NFL also owns Aston Villa and Ellis Short who owns Sunderland have had no problems from fans, players or fellow ownership groups. The jury may be still out on Stan Kroenke who has slowly increased in stake in Spurs North London rivals Arsenal to 29.9 per cent.

On the other side of the coin is the Glazer family, who own the NFL Tampa Bay Buccaneers and Manchester United have struggled. There are regular, vocal open protests by United supporters who want the Glazer’s out.  There were even “Love United, Hate Glazer” signs at United’s preseason tour match in Toronto last week.

George Gillet and Tom Hicks, who own Liverpool FC have never been embraced by the Anfield supporters.

Strangely enough, current Spurs boss Harry Redknapp told reporters last season that he was against foreign ownership.

“With more ­foreign owners you get fewer British managers.” Redknapp said “Every club will have a foreign owner eventually and the lifespan of managers will get less and less.”

The Steinbrenner investment would certainly boost the influx of potential transfer money at White Hart Lane, and that just might sway the opinion of Redknapp who just an extension with the club.