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Friday, October 26, 2007

Dan Snyder Expresses Ownership Interest in the Premiership

In the latest development of North American interest in the Barclays Premier League, Daniel Synder, owner of one of the most storied and lucrative franchises in NFL history, has expressed a desire to diversify his portfolio.

According to an article Saturday (27 October) by Charles Sale in the Daily Mail, Mr. Snyder made the following statement after the NFL-Economist "Sport 2020" meeting this week in London:
" 'We're actively looking for the right opportunity in the Premier League and are examining various opportunities. It's a very exciting market.'

Tottenham, whose £450million asking price is around the same numbers Snyder paid for the Washington Redskins in 1999 — at that time the biggest transaction in sporting history — is Snyder's most likely target, with Spurs owner Daniel Levy prepared to sell at the right figure."

Presently, Americans own historic English clubs such as Aston Villa, Liverpool, and Manchester United. Another American, Stan Kroenke, owns a minority interest in the Arsenal Football Club. This new development, by one of the most controversial and leading figures in the NFL, is very interesting.

If and when he decides to buy a team, it would open many closed eyes in North America. A presence in London would also help to brand the Redskins among the fervent supporters of American football in that locale. Which will be evident by the 90,000 that will fill Wembley Stadium on Sunday for the first competitive NFL game (Miami Dolphins vs. New York Giants) outside of North America.

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