UEFA president Michel Platini is concerned about the growing trend of foreign ownership in England and admitted "if it was in France, I would fight it".
Eight Barclays Premier League sides are now controlled by foreign owners following Thaksin Shinawatra's investment in Manchester City this summer.
And France legend Platini, recently elected head of the European governing body, has questioned the motives of some overseas investors.
"I would be worried if I were English because of all the foreign ownership," said Platini in a Sky Sports interview.
"They could be rich people coming to help English football and develop it, but they may just want to make money.
"I fear your clubs will lose identity. If it was in France, I would fight it."