Who should own a football club?

Business Daily

BBC

News, Business

4.4 • 796 Ratings

🗓️ 26 January 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s no surprise to anyone that money talks in English football but lately it seems louder than ever. Hollywood stars Ryan Reynolds and Rob McElhenney recently bought a club in the English lower leagues, while the Saudi Arabian Public Investment Fund completed a controversial takeover of Newcastle United. Meanwhile, a founding club of the Premier League, Oldham Athletic, faces relegation into the non-league game after years of mismanagement. Vivienne Nunis asks, is private ownership the best way to run football clubs or is it time for a rethink? Wrexham fan Gareth Davies, Tom Hocking of When Saturday Comes magazine and Maggie Murphy, CEO of Lewes Football Club, join in the discussion. (Image: Wrexham FC owner, the actor Ryan Reynolds, attends a red carpet premiere in LA. Credit: Getty)

Transcript

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0:00.0	You're listening to Business Daily with me, Vivienne Nunes.
0:04.6	Today, we're at the football, and so are some of the richest and most powerful people on the planet.
0:10.3	From Hollywood stars to a Saudi investment fund, owning a football club has never been trendier.
0:16.6	Somebody like Ryan Reynolds and Rob McElhenney wants to take over your football club.
0:20.6	It's a well over a year now and it's still surreal.
0:23.4	But is private ownership really the winning model?
0:26.7	We go to Oldham Athletic and Historic Club facing relegation,
0:31.4	where fans can't wait to see the end of the current owner.
0:34.9	He very much sees it as a trend set, as we would say,
0:37.5	and he just picks players who he feels should be on the pitch.
0:41.3	Is it time to blow the whistle on private ownership?
0:44.7	That's Business Daily from the BBC.
0:51.6	Hes!
0:52.8	Hes!
0:53.8	Hes!
0:54.1	Heson! Heson! Victoria Victory Rekson, Rekyll, Rekyll, Rekyll, Rekyll,
0:59.9	celebrating a 2-1 win against Yoville Town last weekend.
1:04.6	Wrexham is a football club based in North Wales.
1:08.0	It plays in the National League, which is actually the fifth tier of English football.
1:13.1	Four grades below the world famous Premier League, where clubs like Chelsea, Arsenal and Manchester City go head to head.
1:21.0	Despite being one of the world's oldest football clubs formed in 1864, many people won't have heard of Wrexham at all.
1:29.5	But that could be about to change.
	...

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