Wednesday, November 22, 2006

Threat

The biggest threat facing soccer is the way in which foreign investors are getting involved who may have no desire to develop the game, according to FIFA president Sepp Blatter.

Blatter said world soccer's governing body needed the help of governments to help police the way in which the investors were becoming attached to European clubs, especially those in England.

'There exists a system in football at the moment that if we don't stop it will do serious damage,' Blatter told a news conference after being made an honorary member of Real Madrid. 'There are investors who buy clubs, especially in England which happens to be the most attractive but not the best league. There are investors from Iran, Russia, the United States, Georgia all involved there.

''There are a number of organisations that are not transparent, many of which are based in the Caribbean, the British Virgin Islands, Gibraltar and the Cayman Islands. It is a very delicate matter and we need the help of the judicial authorities in all countries to deal with it.'

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