Caution needed as football is privatised

A decade ago, English football was transformed when a Russian billionaire Roman Abramovich took over a modest Chelsea side. Today Chelsea stands out as one of the richest clubs globally with a ballooning support base and a glittering trophy cabinet.

Abramovich injected millions of pounds into the club, triggering a transfer frenzy that has redefined Chelsea and revolutionised English football. Inspired by Abramovich, a host of other tycoons bought shares in various premiership sides, transforming the game in England even further. That revolution, albeit on a small scale, has touched our shores. Clubs are falling into private hands, igniting excitement from some quarters and caution from others.

The takeover of Mochudi Centre Chiefs, Township Rollers, BMC and to a certain extent Gaborone United, has not been without controversy. The fans, who feel they are the rightful owners, fear becoming isolated under the new arrangement, save for Gaborone United. At GU, Nicholas Zakhem does not wield as much power as new owners at Chiefs, Rollers and BMC.While in terms of financial injection the takeovers are expected to yield results, there is always skepticism surrounding the motives of the new owners. It is a known fact that local clubs are not viable as business entities and as such there is little that owners can derive from them financially.

Editor's Comment
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