Home Sports News football Ligue 1: Wenger worried about foreign investment in French clubs

Ligue 1: Wenger worried about foreign investment in French clubs

In an interview with beIN Sports, Arsène Wenger, Fifa’s current director of world football development, said he would like to see the creation of an ethics commission to assess “the true intentions of the people who buy our clubs.”

This is a view shared by many football lovers, concerned about the future of their club. In an interview with beIN Sports on Saturday, Arsène Wenger made no secret of his concern about the investments made in some of France’s teams.

“French clubs are gradually falling into the hands of people who are not real builders of the future of clubs, but rather investors who are looking to make money with clubs very quickly. We can see today in France that there are many problems at this level. Fans feel that the primary goal is not to build a great team but to achieve financial added value,” stressed the former Arsenal manager who has been converted as Fifa’s director of world football development.

“You can’t squander a country’s football culture”

“Perhaps we should set up a club purchasing ethics commission to see what the real intentions of the people who buy our clubs are,” he said. “You can’t squander a country’s football culture just for financial reasons,” he insisted, without targeting a particular club.

In France, Toulouse is the latest club whose future is promised to a new investor. Its chairman Olivier Sadran announced on Thursday that he had entered into exclusive negotiations with Gerry Cardinale’s US investment fund RedBird Capital Partners.

If the sale process succeeds, the Téfécé, relegated to Ligue 2, will become the last French professional club to go under the American flag, after Marseille, Bordeaux and Le Havre, all sold in recent years.

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