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Tom Bower on the dangers of foreign takeovers in Britain

"Every week, a bland announcement confirms the sale of another major British institution to a foreign predator and, bizarrely, no one is complaining", considers the British author Tom Bower after an American company bought the Liverpool Football Club. "The compounded effect of all these foreign takeovers cannot improve British society. Corporate chiefs in Tokyo, Paris and Madrid care little for the fate of British schools, civic institutions and probity in public life. ... Britain's economic fate is best reflected by developments in English football. Indisputably, the Premiership is the world's best club competition, but the sale of Liverpool and six other clubs portends disaster for the national game. Premiership clubs are already dominated by foreign players and the new owners have shown no interest in nurturing English talent. ... Hungry for big bucks to repay their investment, foreign owners will continue to buy players from across the world. Why should they care about England's fate?"

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