Friday, March 6, 2009
Foreign Ownership
Are Liverpool and Manchester United the clubs they once were? I think no. Clubs are not just a bottom line, but an emotional connection that gets passed on from generation to generation. Clubs are like reputations. You can't build them in a day, but you can destroy them in an instant. Ownership from beyond the British Isles -- beyond Europe even -- takes something away. It replaces the club with a brand. And then you get . . . the LA Galaxy and their ilk.
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