The value of Premier League clubs will halve after ESL debacle

​On top of the personal abuse I fear there is more bad news coming down the road for the Glazers, the Kroenkes, the Henrys etc after the European Football League debacle.

The value of their clubs will have halved. There are two reason for this. The first, and the most important, is it will now be impossible for Middle East potentates and Russian oligarchs like Abramovich to buy into the Premier League.

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The Premier League will tighten their rules, under pressure from fans, over who constitutes a fit and proper owner. So the dim and distant hope of Newcastle fans that the Saudi Royal family will come over the hill is well and truly buried. Newcastle has been up for sale for at least a year now and unless Mike Ashley halves his price I can’t see it changing hands.

​With buyers being rarer than a successful leader of the Labour party the next problem is that the government have decided to take a good hard look at the football business. In the event they decide that that some of the equity and the power of decision making must go to the consumers-i.e. the fans- then expect the Glazers and the Kroenkes to head for the door.

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Running a business is tough enough without a fan director demanding to know why Arsenal didn’t go for a back Three after 62 minutes in the game against Burnley. Emboldened fans next season will feel empowered as never before and I would hate to be Spurs chairman Daniel Levy if they went down 1-0 to Southampton in the third week in August. That will apply to every other senior executive of those six clubs. It will be a nightmare. They will want to sell and if that happens the price will lower.

None of these rather clever owners could never have foreseen the outcome of their decision. Painful that the abuse may be it will be the pain in their wallet that lasts longer.

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