UEFA URGE INVESTIGATION OF FOOTBALL'S MONEY MEN

Last updated : 04 September 2006 By Ed

The Telegraph:

Uefa have called on the Government to investigate the mystery money-men targeting English clubs.

West Ham are the latest team to be the subject of takeover speculation, with Kia Joorabchian, the Iranian-born businessman behind the sensational signings of Carlos Tevez and Javier Mascherano, vowing to put together a consortium of backers to make a bid for control at Upton Park.

Although West Ham announced they were in "exploratory" talks with a possible bidder on Friday, Joorabchian continues to insist he is not ready to make a move to buy the club.

Over the weekend it emerged that Joorabchian is talking to potential investors in the Middle East about raising the funds for a possible bid.

But the lack of transparency is causing concerns at West Ham and among football's authorities who have seen a number of anonymous wealthy foreign investors buying into clubs across Europe.

Their sudden move into the game has raised fears that they are operating as a cartel and distorting European competition and the transfer market.

Fifa are already working on a new set of rules which will require all clubs to disclose who they are really owned by. And now European football's governing body, Uefa, want the British Government to step in to ensure ownership of clubs is completely open.

Uefa's director of communications William Gaillard said: "We certainly are concerned by what is going on because it seems to be following a worrying pattern.

"The trend is going against what we want to see — more clubs being owned by the community and the people who really care for them.

"This is a wake-up call and the UK Government have a responsibility to start investigating. After all it's a part of the UK economy."