Premier League - Parker on West Ham woe

Eurosport - Thu, 09 Oct 09:06:00 2008

Former England star Paul Parker believes West Ham's current woes are an inevitable consequence of foreign ownership in the Premier League.

2008-2009 West Ham Luis Boa Morte - 0

I don't think we can be too surprised by what is going on at West Ham - it just shows what can happen when you get involved with big businessmen.

A wealthy foreign benefactor might sounds great to fans, but when they have money in shares, property or other investments, they are sometimes not as rich as you think. These people often don't have real money - it is always tied up in other things.

We have seen all too clearly that football is a business, and as we know businesses can go bust.

I sincerely hope it doesn't happen but it is only a matter of time until we see a big club in serious trouble - and by that I mean they could fold altogether.

I think the old style of ownership is the best way. You might not have had as much money, but you always knew where you stood.

Nowadays it is impossible to plan for the future when the club's finances are at the mercy of the financial markets.

No doubt it is a difficult situation for West Ham manager Gianfranco Zola.

He has walked into the job and seen circumstances beyond his control change everything. The shirt sponsors have gone out of business, the club has been fined over Carlos Tevez and now the owner's bank is on the brink of collapse.

I think Zola needs to bring in half a dozen new players but he will have to sell before he can do that.

He will have to ask himself whether it is worth cashing in on someone like Dean Ashton in order to bring in two or three players in other positions.

It is made harder because of all the money spent when Eggert Magnusson was there.

They overpaid for the likes of Luis Boa Morte, Craig Bellamy and Nigel Quashie, and are still shelling out massive wages.

It is like buying a fleet of cars knowing they won't fetch anything like as much when you flog them second hand.

That big spending spree might have kept them in the Premier League, but in the long-term it has left them with a timebomb.

The value of being in the top flight is so great that clubs will do almost anything to avoid relegation.

But you almost think it might have been better for West Ham to go down. That would have given them a chance to consolidate and reduce their spending - plus it would have got them out of this Tevez mess.

The FA has suggested a salary cap to curb spending, which appears good in theory, but I just don't think the clubs, the Premier League or the fans will stand for it.

If there are limits on how much players can be paid, they will simply go abroad.

It's all very well trying to control wages, but people won't be happy when they see all the top talent leaving this country.

Paul Parker returns on Friday, when he looks ahead to England's World Cup qualifiers against Kazakhstan and Belarus

Paul Parker was talking to Alex Chick / Eurosport

Comment 19 - 38 of 58

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  1. Paul Parker was talking to a load of @#$% to Alex Chick / Eurosport

    From SEAN H, on Wed 8 Oct 7:14PM
  2. -- 34. I agree Parker's comments are generall rubbish but I don;t think you can accuse him of deliberately singling out West Ham. Unless you know of another premier league club whose Icelandic owner is facing severe financial distress because of the impending bankruptcy of his entire country? I understand banks in Iceland are being told to sell all overseas assets. There is no other case of anything like this - anywhere...

    From Bertie, on Wed 8 Oct 7:12PM
  3. -- 33. If you do a search in it you will find plenty of info. I found a great article on it the Belfast Telegraph just the other day myself. Basically the Premier League Commission fined them for two things. Firstly playing players whose control rested in the hands of third parties (about 2.5m) and secondly I think about 3m for lying and covering it up.

    It quotes the Legal and commercial director as stating he was not even aware of the rule they were fining them under - Eh?

    The Prem Lg Comm relied on the verbal assurances of the club up to the point it was discovered and then banned them from fielding the players. It also states, somewhat vaguely, that the club later came to an agreement with the PremLgComm to play Tevez and Mascherano in the remaining games.

    My guess is that the agreement was that if pressed they would agree to arbitration with any relegated club. i.e. Sheffield. The FA were less than useless in this.

    From Bertie, on Wed 8 Oct 7:10PM
  4. Good to see the football league are upholding the time honoured system ofpenalising clubs for playing ineligable players - Poor old Mansfield get docked 2 points per game - If only they'd played Tevez and Mascarano instead, they'd be top of the league! Still think the hammers are going to be hard done by?

    From helen, on Wed 8 Oct 7:09PM
  5. Parker YET AGAIN talking about stuff he has absolutely no knowledge of - and why single out West ham?
    Who employs this idiot; his comments are always ill-informed and, at times, border on the ludicrous - the transformation from a one-time useless footballer to a present-day useless, wannabe pundit is complete.

    From cameron w, on Wed 8 Oct 6:45PM
  6. 3. Raj - can you tell me why the FA didn't check Tevez;'s legibility as they had the paper work, it was only until Liverpool noticed when they took on Mascherano that the FA got involved.

    From LaughIcouldHaveDied, on Wed 8 Oct 6:25PM
  7. 22 - absolutely, Its hard not to be superior in the company of neanderthals at their keyboards who cant even get the most basic of facts right.

    From JONATHAN, on Wed 8 Oct 6:00PM
  8. 'Paul Parker returns on Friday, when he looks ahead to England's World Cup qualifiers against Kazakhstan and Belarus'. God no.

    From jammydodge6, on Wed 8 Oct 5:57PM
  9. steve.p.1960 comments about sir trev not allowed against the rules ? you got more problems than newcastle mate my old cockney sparra tough in it least we never cheated like you lot.come on the blades

    From i.ashbourne@..., on Wed 8 Oct 5:47PM
  10. Geordieprince you are a @#$% mate!! What the **** has it got to do with SIR Trev.After all Newcastle have their own problems so just worry about your own bunch of ****

    From steve.p1960, on Wed 8 Oct 5:22PM
  11. Hang on for a minute, so if we start curbing what were paying these over paid so called football stars they will all leave and play in europe, well as far as I can say let them go give us back the football league that we all knew. So for me yes a salary cap will be good for the game but what limit do you start at? I'll start the bidding one grand per week is enough.

    Oh furthermore, Mr Parker. Leeds United were a big Club that nearly folded by paying these so called superstars that couldn't give a @#$% about the fans, with the exception of some so footballer's grow up stop complaing about it's a short Career
    and you need to earn it while you can

    From steve b, on Wed 8 Oct 5:04PM
  12. What a @#$% you are David.Smith for this comment (I haven't forgot the penalty you missed against Germany in the World Cup semi's Parker)

    From johndelaney456, on Wed 8 Oct 4:45PM
  13. Why do people keep going on about foreign owner being terriblefor the game the worst in the league has to be Mike Ashley who is hanging on for more money at the expense of newcastle.

    From johndelaney456, on Wed 8 Oct 4:42PM
  14. That doesn't help everyone else in the premiership thinking they can take West Ham to court for compo to explain why they had a @#$% season.

    From RossG, on Wed 8 Oct 4:35PM
  15. Mr Parker, don't venture into uncharted waters with your comments about foreign investment in clubs, as it will open a huge can of worms against you.
    Firstly without such investment many of the Premier League would not be currently viable at this moment in time, however it is littered with "so-called" dodgy deals - take your past club United - currently mortgaged to the tune of $760M, and the Chairman and directors of their main sponsor AIG being investigated by the FBI for fraud. Liverpool again suffering from financial constrints which have halted development on the new ground, and a cap on spending. Wigan the sponser JJB has reduced his presence in the sportswear market or even gone bust? Newcastle - no need to go there to see what's happening.
    Fortunately being a Man City supporter, our previous owner managed to do a deal with the current owners, before all the melt down started, leaving City in an ideal position, which cannot be said for that of other clubs.
    So don't just pick on West Ham for their current problems, with the state of many financial institutions and governments supporting savers in various banks, they could be one who could survive this current global crisis; whereas others especially those with US dollar investment, will be sweating at the moment, after they will have seen the value of the investment dropping in Sterling terms by 15-20% due to exchange rate movement over the last few months.

    From Phillip C, on Wed 8 Oct 4:31PM
  16. Surely clubs are obliged because if they don't have good players, they won't survive in the premiership. It is an arms' race. It's a bit facile to say that the best form of ownership is the old style. It is how it is and money talks, there is nothing you can do about that. Clubs will spend less now because there is less money and credit. All of this is obvious and not really worth discussing.

    From Winston Bunn, on Wed 8 Oct 4:03PM
  17. Jonathan.Highfield you are a smug, superior git.

    From Tony K, on Wed 8 Oct 4:02PM
  18. come here! sing with me in rap... 1..2..3.. The hammer has lost their hammer 9X... Chelsea for life!!!

    From Real Maju United FC, on Wed 8 Oct 4:02PM
  19. Just a point, West Hams owner has his finger in many pies (and in more than one country)and his wealth is also not just stuck in Iceland and as such West Ham are at no risk of going under (and nor is the owner) I wish the media would stop hyping up thses kind of situations

    From PinHead, on Wed 8 Oct 3:35PM
  20. I understand. Foreigners = bad. Very simple. Why is Parker allowed to write such rubbish every week? I think there are good owners who are either committed or who understand football is a business. Foreign owners such as Sam Hammam have a long history in the English game whilst British directors such as Ken Bates and Peter Risdale caused a fair few problems.
    Fans need to wake up, clubs are businesses intended to make a profit for their owners. Success on pitch helps but isn't the only way to turn a profit. The clubs are simply assets and should be looked upon as such - running a club like a fan in a sweet shop leads to disaster. The best thing an owner can do is clear debts, build up infrastructure, increase stability and reduce costs (i.e. transfers). Lets face it, in their current guise transfers make little sense - something like the Clairfontaine academy and a scouting network could be set up for the cost of some of these stars.
    I just wish everyone would realise; these guys aren't kindly old men paying over the odds to realise a dream or get close to the action - they are shrewd businessmen who have their own interests at heart.

    From Sam, on Wed 8 Oct 3:25PM
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