Whether it is buying up clubs in England, Italy, France, Spain, elsewhere in Europe or worldwide, investment from the United States continues to pour into football — and it is not about to slow down.
When the stock markets opened on Monday, the British pound plunged to a historic low against the US dollar ($1.04) in response to the decision of the United Kingdom government to borrow billions of pounds and cut taxes.
“The pound has been crushed by multiple factors, but the most recent one has been a complete disillusionment with the mini-budget that was announced on Friday,” Craig Erlam, a senior market analyst at currency traders OANDA, told The Athletic.
The pound’s collapse led some to conclude that now is a great time for American investors to buy clubs in the Premier League, the EFL and elsewhere across Europe.
“They (US investors) will firstly see the strength of the dollar and they will be looking at various sports teams across Europe and looking to take advantage of multiple opportunities,” Erlam adds.
“We are talking about the US dollar trading at historic highs, so by that very definition, you would think this isn’t sustainable in the long term and this is, therefore, an opportunity because of the currency value.”
Ten of the 20 Premier League clubs are already either wholly or partly owned by Americans, and Bournemouth, whose owner Maxim Demin is in exclusive talks to sell to Las Vegas-based Bill Foley, are likely to become the 11th.
What a strong dollar and weak pound means for UK football and American investors
