Premier League chief: Foreign owners good for league

Chief executive Richard Scudamore believes that the increasing number of foreign owners are benefiting the Premier League.

ord=Math.random()*10000000000000000;document.write('');
With Hong Kong businessman Carson Yeung tipped to launch a bid for a complete takeover over Birmingham City, nine of England's 20 top-flight clubs could well be controlled by overseas investors.

However, Scudamore believes the foreign investors are bringing a "new level of professionalism" into the game.

He said: "I am sure there are people who wish every player was English and every owner was a local businessman made good who supported the club as a boy.

"Clearly that is not where we are at and we cannot go back there. It is not about who the owners are. It is about how they perform and how they behave.

"Our experience suggests new owners bring a level of professionalism to the situation.

"They bring new things to the game and I don't see any evidence that they have ripped up the old traditions or that they are riding roughshod over the rulebook."

Scudamore has also praised the recommendations of the Lord Stevens report, saying: "Despite all the noise around the Stevens Report, it was an exercise well worth doing.

"The clubs have now moved to a much better place in order to avoid similar criticisms in the future and I do not believe, with new rules and procedures in place, we will need that same level of scrutiny.

"That is a huge achievement for the Premier League, which can only stand us in good stead, not just for next year but the years that lie ahead as well."