The Premier League has said Great Britain’s decision to leave the European Union will not harm the brand of England’s top division.
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Obviously, the Brexit will change the face of English football and the Premier League.
Dozens of players now in the EPL would not automatically have qualified to play in the most popular league globally had they not been in possession of a European Union (EU) passport when they moved to England and had, instead, been required to apply for a work permit.
In a statement, a Premier League spokesman said: “The Premier League is a hugely successful sporting competition that has strong domestic and global appeal”.
Following result of the latest referendum, Britain has made a decision to leave the European Union with 51.9% of the vote.
“They are talking about two years, we have the work permit procedure in place which we agree with the Home Office, the governing body, the FA and the Football League”.
It would have a dramatic knock-on effect for the Elite Development Squad system within Premier League academies. Arsenal are one club to benefit from that exemption, signing Spaniard Cesc Fabregas from Barcelona when he was 16.
In contrast, the counter-argument will see those seeking more homegrown talent and an emphasis on developing young English players secure a boost as clubs up and down the country could now change their strategy.
It might be several years before these changes go into effect, but Europeans would now have to follow the same immigration rules as non-European players with different regulations depending on the country’s Federation Internationale de Football Association ranking to obtain a work permit for the Premier League.
Two years after he warned that English football was squeezing out its own players, Dyke said that Brexit might reverse that trend by making it harder for clubs to keep buying players from overseas. However, an exception to the rule has been within the EU (European Union) and EEA (European Economic Areas), where the age criteria is reduced to sixteen.
“It would be a shame if some of the great European players can’t come here but I don’t think that will happen”.
“Sports regulators would no longer be prevented by European Union law from discriminating against European Union nationals by including them in quotas or limits on the number of “foreign” players in a team or squad”, Boyes said.
Everton owner Farhad Moshiri, who has shares in multiple steel and energy companies in the United Kingdom and Russian Federation, could be affected by the decision to leave the European Union, depending on how much of his rumoured US$1.94 billion net worth is based in Britain.
“If there is a club on the continent who has set the value of a player at, for example, €40m, then the drop in the value of the pound could certainly result in an English club having to pay more in sterling for that player following Brexit”. A weakened Premier League?
‘I don’t expect too much impact in football.
“We’ve seen the bulk of clubs are looking at future obligations in terms of payments they’ll have to make for players already purchased, assessing what they’ll be able to spend in the coming months and, in a quite disciplined way, fixing the rates for future conversion”.
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The result shocked investors, and stock markets plummeted around the world, with key indexes dropping 10 per cent in Germany and about 8 per cent in Japan and Britain.
