Foreign Ownership a Worry for Premier League

Foreign Ownership a Worry for Premier League

The FA’s chief executive says that the number of foreign players signed by Premier League teams is a “worrying trend” because it affects players who can play for England. It is even though clubs have found it harder to sign players from within the European Union since Brexit because they must both be 18 years old and have enough points to get the required Governing Body Endorsement.

Richard Masters, CEO of the Premier League, stated earlier this week that introducing the GBE system and Brexit has increased transfer fees, with Premier League clubs spending a staggering £815 million in the January transfer window alone. Richard Masters also called for modifying the GBE rules to make it easier for clubs to sign talent from EU clubs.

The FA’s CEO, Mark Billingham, also says he wants clubs to sign top younger talent from abroad more easily. However, he thinks the number of players signing from other countries could be more problematic because it affects English players. The one that many Premier League teams reject is whether or not they can gain access to elite talent earlier. Could they gain admittance to a somewhat more extensive scope of players? Because they believe that their pursuit of fewer players is partly to blame for some of the transfer fees.

The reality is that only a small number of players will actually add value to Premier League teams, and if there is a bidding war for a player, the price will always rise. If you look at two examples, Mykhailo Mudryk and Enzo Fernandez, lined up by Premier League clubs last year and would have received their work permits, were brought this year, probably for 20 times more than they would have been purchased in the previous year.