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.
The British pound fell to an historic low against $1.04 on Monday after the US government decided to borrow billions and reduce 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 have been or are partially owned by Americans. Bournemouth, Maxim Demin, the owner of this property is in exclusive discussions to sell it to Bill Foley from Las VegasThey are likely to be the 11th.
