City AM quotes Tom Smitham on its front page on private equity investment into European football
Private equity buyers flooding into the Premier League and European football are likely to want more of a say over the rules of the game.
Tom Smitham, Senior Associate, is quoted on the front page of today's City AM, saying that increased investment from private equity firms could lead to pressure on regulatory and governance systems.
He says:
“In the future we would expect to see investors looking to more actively influence the evolution of football regulation (and indeed regulation in other sports) at national, European and international level in areas such as financial fair play structures, potential salary caps, closed leagues and multiple club ownership arrangements.
“Such regulations have the potential to significantly limit costs associated with running clubs, provide a more secure investment platform and open up further investment opportunities across multiple jurisdictions, all of which will be highly attractive to private equity investors.”
Read the full article in City AM here.
