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A TOP CLUB IS GUNNER GO BUST WARNS WENGER
</IMG> WENGER: Grim warning from Gunners boss
By Andy Dunn, 16/01/2010
ARSENE WENGER has called on the football authorities to set up a crack team to deal with rogue ownership.
The Arsenal manager believes a top club could go BANKRUPT soon and also claims there is a whole swathe of clubs vulnerable to shady investors out to make a fast buck.
And Wenger believes the Premier League, the FA and the Football League should have a more rigorous approach to vetting new owners.
The Premier League have redistributed Portsmouth's latest TV payment to the club's football creditors and there is still no sign of the Fratton Park transfer embargo being lifted.
When asked if he agreed with an assessment from former Birmingham owner David Sullivan that a club could go bust, Wenger said it was a possibility.
"People say no one goes bankrupt here but you have just had a club that has not paid the salaries for three months.
"What is that? Basically, if nobody buys the club... what happens?"
Writing exclusively for today's News of the World, Premier League chief executive Richard Scudamore outlines how the authorities are governing the finances of football.
But Wenger insists the governing bodies cannot be too vigilant.
He said: "The Premier League has a responsibility. I believe the Premier League has a responsibility for the accountability of the guy (buying a club).
"The Premier League has a responsibility to make sure that the club is safe.
"After that, leave it to the owner.
"But there are more and more groups of people who have different agendas other than making the club bigger than when they buy it.
"And the league has to make sure that the goal - the target - of people that buy football clubs is the right one.
"We have many clubs now who are vulnerable in the Championship, who could be targets for people who don't always have the best footballing reasons for buying a club.
"It is needed that there is a central committee who analyses if a club is safe enough in terms of who is buying it."
There have been grim warnings from Sullivan and from current Wolves owner Steve Morgan about the financial direction of football as Pompey continue to stagger from crisis to crisis.
Even Manchester United's latest financial figures make for unpleasant reading - a hefty loss only averted by the sale of Cristiano Ronaldo.
And Wenger believes the continuing economic uncertainty surrounding football will play into the hands of Chelsea and Manchester City.
He said: "We have two clubs who have specific rules. For them, if they have no money, they still have money. Man City and Chelsea can do what they want financially. The rest have a big handicap."
</IMG> WENGER: Grim warning from Gunners boss By Andy Dunn, 16/01/2010
ARSENE WENGER has called on the football authorities to set up a crack team to deal with rogue ownership.
The Arsenal manager believes a top club could go BANKRUPT soon and also claims there is a whole swathe of clubs vulnerable to shady investors out to make a fast buck.
And Wenger believes the Premier League, the FA and the Football League should have a more rigorous approach to vetting new owners.
The Premier League have redistributed Portsmouth's latest TV payment to the club's football creditors and there is still no sign of the Fratton Park transfer embargo being lifted.
When asked if he agreed with an assessment from former Birmingham owner David Sullivan that a club could go bust, Wenger said it was a possibility.
"People say no one goes bankrupt here but you have just had a club that has not paid the salaries for three months.
"What is that? Basically, if nobody buys the club... what happens?"
Writing exclusively for today's News of the World, Premier League chief executive Richard Scudamore outlines how the authorities are governing the finances of football.
But Wenger insists the governing bodies cannot be too vigilant.
He said: "The Premier League has a responsibility. I believe the Premier League has a responsibility for the accountability of the guy (buying a club).
"The Premier League has a responsibility to make sure that the club is safe.
"After that, leave it to the owner.
"But there are more and more groups of people who have different agendas other than making the club bigger than when they buy it.
"And the league has to make sure that the goal - the target - of people that buy football clubs is the right one.
"We have many clubs now who are vulnerable in the Championship, who could be targets for people who don't always have the best footballing reasons for buying a club.
"It is needed that there is a central committee who analyses if a club is safe enough in terms of who is buying it."
There have been grim warnings from Sullivan and from current Wolves owner Steve Morgan about the financial direction of football as Pompey continue to stagger from crisis to crisis.
Even Manchester United's latest financial figures make for unpleasant reading - a hefty loss only averted by the sale of Cristiano Ronaldo.
And Wenger believes the continuing economic uncertainty surrounding football will play into the hands of Chelsea and Manchester City.
He said: "We have two clubs who have specific rules. For them, if they have no money, they still have money. Man City and Chelsea can do what they want financially. The rest have a big handicap."