• Loading stock data...
Saturday, December 14, 2024

Premier League Aims To Remove ‘Bad’ Owners With Divestment Protocol

  • English top-flight league looks to create formal protocol for removing owners
  • Potential move would create more structure, transparency in difficult situations
Chelsea FC players attempt to block a free kick from James Ward-Prowse during a Premier League match.
Premier League

The Premier League is reportedly creating a formal process to force out “bad” club owners, a situation that has frustrated pro leagues on both sides of the Atlantic Ocean for years.

The Financial Times said the top-tier English league is in talks with member clubs regarding the creation of a divestment protocol — an established standard to hold owners accountable. 

Violators would be barred from serving as directors. The list of disqualifying events would include a wide range of significant criminal offenses such as violence, fraud, corruption, and tax evasion, as well as various human rights abuses. 

The proposed protocol is slated to be discussed further at a league meeting next month, and if put for a vote would require approval from 14 of 20 clubs for ratification.

The rising issue follows a messy standoff between the U.K. government and former Chelsea owner Roman Abramovich. Last year, the Premier League placed sanctions on Abramovich for his connections to Vladimir Putin following Russia’s invasion of Ukraine, and the Premier League followed suit by removing him as a director. 

Abramovich got out in front of that by placing the club up for sale. Had he not done that, Chelsea faced a potential collapse. Ultimately, U.S. investors Todd Boehly and Clearlake Capital purchased the club in a then-record deal with an accelerated sales process.

Major U.S. leagues have rules allowing owners to call for a forced sale of a team, but such moves are rarely enforced. Most recently, former Washington Commanders owner Dan Snyder sold the team amid fast-rising pressure both inside and outside NFL ownership circles, though there was never a formal vote to oust him.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 21, 2024; Columbus, Ohio, USA; Marshall Thundering Herd running back Ethan Payne (28) dives in for the touchdown during the first quarter against the Ohio State Buckeyes at Ohio Stadium. Mandatory

Portal-Depleted Marshall Bows Out of Independence Bowl

Louisiana Tech (5–7) will take Marshall’s place.
Dec 9, 2023; Las Vegas, Nevada, USA; Los Angeles Lakers forward LeBron James (23) hoists the NBA Cup and celebrates with teammates after winning the NBA In-Season Tournament Championship game against the Indiana Pacers at T-Mobile Arena.

NBA Cup Year 2: Tweaks, Schedule Concerns, and Growing Pains

While Vegas has been the event’s location for the last two years, that could change because the NBA may add an expansion team in Sin City.

Mets: Not Concerned About Lower-Revenue Clubs After Soto Signing

The club dismisses concerns about fundamentally resetting the sport’s salary scale.
Dec 12, 2024; Chapel Hill, NC, USA; North Carolina Tar Heels new head coach Bill Belichick speaks to those attending his hiring announcement at Loudermilk Center for Excellence.

UNC Job Brings an End to Belichick’s Short-Lived Media Career

Bill Belichick had six media jobs this football season.

Featured Today

The Top-Secret Operation to Create the Army-Navy Football Uniforms

The two-year process includes dozens of employees, NDAs, and military historians.
Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena
December 9, 2024

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.

NBA Cup Prize: Every Player Wants the Money, But One Would Get..

Each player on the championship team will win nearly $515,000.
December 12, 2024

NBA Cup Schedule May Benefit Losing Teams, League Exec Defends Format

An NBA executive told FOS all stakeholders agreed on the format.
Indiana Fever forward Aliyah Boston (7) celebrates with Indiana Fever guard Caitlin Clark (22) altering recording a triple-double Wednesday, Sept. 4, 2024, during the game at Gainbridge Fieldhouse in Indianapolis. The Indiana Fever defeated the Los Angeles Sparks, 93-86.
December 13, 2024

The Meteoric Rise of Women’s Basketball in 2024

The business of women’s basketball exploded this year.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
David Bonderman
December 11, 2024

David Bonderman, Kraken Founder and Powerful Investor, Dies at 82

Bonderman was quietly a major figure in sports.
Oct 20, 2024; East Rutherford, New Jersey, USA; Eagles owner Jeffrey Lurie pre game against the New York Giants at MetLife Stadium.
December 11, 2024

Bills, Eagles, Dolphins Approve Adding New Minority Owners

Vince Carter and Tracy McGrady join the list of Bills owners.
Houston Texans quarterback C.J. Stroud (7) walks to the locker room after the game of an NFL football matchup Sunday, Dec. 1, 2024 at EverBank Stadium in Jacksonville, Fla. The Texans held off the Jaguars 23-20.
December 11, 2024

NFL, Nike Extend Uniform, Apparel Partnership Through 2038

Financial terms of the extension were not disclosed.
December 9, 2024

Soto Contract Echoes 2000 A-Rod Deal. Could Similar Fallout Follow?

The record-setting Soto deal recalls A-Rod 24 years ago.