US Big Money is taking over the English Premier League

Big English Premier clubs like Burnley, Fulham, Manchester United, Liverpool, Arsenal, Aston Villa, Leeds United, Manchester City, West Ham, Crystal Palace, and Wolves are either owned or backed by billionaires from the USA. 

It is also evident that the US companies that have taken over the European soccer clubs also involve sports in different countries. Glazer family, which owns Manchester United, also took over the Tampa Bay Buccaneers in 1995 for $192 million. Similarly, Liverpool FC, owned by Fenway Sports Group, the owners of the Boston Red Sox, has recently bought the Pittsburgh Penguins for a whopping $900m. There's no dispute that these US Companies have sports ties and will not falter in managing the clubs. However, the players and EPL fans are worried that while European owners don't run with a profit motive, US companies do. The profit motive might destroy the culture of European soccer, which is the last thing anybody wants. 

Chelsea is also set to be acquired for a colossal $5.4 Billion, and as soon as it does, 50% of the top 20 teams that are set to play for the next season will have US owners. Chelsea hasn't been acquired yet because Roman Abramovich, the Russian owner of Chelsea, cannot convince the UK Government that all of the proceeds of the sale of the club would go to charity. After the Ukraine-Russia war began, Abramovich, being one of the most prominent industrialists of Russia, was expecting sanctions from the UK Government. To prevent the club from being acquired and put a stay on by the government, he decided to sell it. Though he said that the entire proceeds of the sale would go to charity, reportedly, he has not been able to assure the government of the same. 

These acquisitions of all the major clubs by US billionaires may not be a good or a healthy sign for European soccer in general and brings in the issue of higher cost to the ticket-paying fans.