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Staveley insists Premier League clubs not affected by plunging pound

Amanda Staveley insists the Premiership will not be affected by the plunging pound.

Arsenal boss Arsene Wenger says English clubs will be hurt by the weak Sterling, but Staveley, senior director of PCP Capital Partners and the deal-maker in the Manchester City takeover, said: "The declining pound has attracted huge amounts of money in lots of sectors in the UK in recent months and football is no different.

"Buying clubs now is cheaper for foreign investors. As far as players go, let's face it, if a foreign player is going to come to the UK to play at a high level they can afford good tax accountants and get the right advice. Without a doubt the Premier League is the best league in the world and it can handle a slumping pound and the tax [rise]."



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