Zürcher Nachrichten - Premier League can cope without Russian cash, says minister

EUR -
AED 3.981396
AFN 77.041256
ALL 99.343307
AMD 425.750294
ANG 1.956468
AOA 988.655278
ARS 1156.016649
AUD 1.723864
AWG 1.951294
AZN 1.841055
BAM 1.952714
BBD 2.191862
BDT 131.70067
BGN 1.955596
BHD 0.40855
BIF 3216.420129
BMD 1.084052
BND 1.450229
BOB 7.490233
BRL 6.288047
BSD 1.085627
BTN 94.338795
BWP 14.870998
BYN 3.552677
BYR 21247.418601
BZD 2.180563
CAD 1.564742
CDF 3117.733675
CHF 0.958623
CLF 0.026504
CLP 1017.061812
CNY 7.846206
CNH 7.854531
COP 4471.714374
CRC 542.243462
CUC 1.084052
CUP 28.727377
CVE 110.092047
CZK 25.038339
DJF 193.317868
DKK 7.460841
DOP 68.022907
DZD 144.704671
EGP 54.904411
ERN 16.26078
ETB 142.620129
FJD 2.491587
FKP 0.836044
GBP 0.837593
GEL 3.008237
GGP 0.836044
GHS 16.801605
GIP 0.836044
GMD 78.051539
GNF 9387.501617
GTQ 8.356718
GYD 226.773742
HKD 8.426439
HNL 27.762105
HRK 7.535896
HTG 142.36253
HUF 399.884518
IDR 17772.273203
ILS 3.971403
IMP 0.836044
INR 94.269538
IQD 1422.123872
IRR 45638.588218
ISK 146.108401
JEP 0.836044
JMD 171.256093
JOD 0.768813
JPY 160.783876
KES 140.330444
KGS 94.80037
KHR 4350.466128
KMF 489.829113
KPW 975.685077
KRW 1578.205923
KWD 0.334062
KYD 0.904652
KZT 541.031038
LAK 23505.741711
LBP 97268.095863
LKR 320.632836
LRD 216.789427
LSL 19.967631
LTL 3.200924
LVL 0.655732
LYD 5.226648
MAD 10.514482
MDL 19.312966
MGA 5079.657793
MKD 61.557542
MMK 2275.301197
MNT 3761.762822
MOP 8.690435
MRU 43.130503
MUR 48.782102
MVR 16.70549
MWK 1882.373188
MXN 21.795622
MYR 4.81863
MZN 69.243049
NAD 19.967631
NGN 1685.548933
NIO 39.944361
NOK 11.59522
NPR 151.163239
NZD 1.89979
OMR 0.417375
PAB 1.083987
PEN 3.975287
PGK 4.383543
PHP 62.043527
PKR 303.961523
PLN 4.183277
PYG 8602.460146
QAR 3.950657
RON 4.977427
RSD 117.109033
RUB 93.499939
RWF 1545.295896
SAR 4.065789
SBD 9.118122
SCR 15.569701
SDG 651.515186
SEK 11.07022
SGD 1.448667
SHP 0.851895
SLE 24.74857
SLL 22732.028947
SOS 620.358208
SRD 39.313686
STD 22437.687075
SVC 9.498492
SYP 14094.849238
SZL 19.960655
THB 36.522058
TJS 11.815039
TMT 3.805022
TND 3.347111
TOP 2.538956
TRY 39.768246
TTD 7.373605
TWD 35.755397
TZS 2867.317434
UAH 45.075963
UGX 3970.707132
USD 1.084052
UYU 45.986907
UZS 14045.248142
VES 70.15884
VND 27671.510572
VUV 133.769786
WST 3.071584
XAF 655.912812
XAG 0.032052
XAU 0.000363
XCD 2.929705
XDR 0.815745
XOF 655.912812
XPF 119.331742
YER 267.489676
ZAR 19.859236
ZMK 9757.770278
ZMW 31.042052
ZWL 349.064292
  • NGG

    0.0600

    62.32

    +0.1%

  • RBGPF

    66.2000

    66.2

    +100%

  • CMSC

    0.1100

    23.17

    +0.47%

  • RIO

    0.4200

    61.2

    +0.69%

  • SCS

    -0.2900

    10.79

    -2.69%

  • BCC

    -1.8300

    96.38

    -1.9%

  • CMSD

    -0.0100

    23.2

    -0.04%

  • RYCEF

    0.2700

    10.05

    +2.69%

  • BCE

    0.0100

    24.36

    +0.04%

  • RELX

    0.0800

    47.81

    +0.17%

  • GSK

    0.3500

    39.23

    +0.89%

  • JRI

    0.0000

    12.93

    0%

  • VOD

    0.3400

    9.5

    +3.58%

  • AZN

    0.9400

    76.51

    +1.23%

  • BP

    0.1700

    32.37

    +0.53%

  • BTI

    0.0200

    41.38

    +0.05%

Premier League can cope without Russian cash, says minister
Premier League can cope without Russian cash, says minister

Premier League can cope without Russian cash, says minister

UK Sports Minister Nigel Huddleston on Tuesday called for a "more robust" approach to the test for Premier League owners and directors and said football could manage "perfectly well" without Russian investment.

Text size:

Britain last week sanctioned Chelsea owner Roman Abramovich -- described by the government as part of Russian President Vladimir Putin's inner circle -- following Russia's invasion of Ukraine.

It has reignited the debate over the ownership of English clubs five months after a Saudi-led consortium bought Newcastle despite concerns raised by Amnesty International over Saudi Arabia's human rights record.

A fan-led review launched by the government has indicated that an independent regulator is needed to protect the future of key aspects of the English game.

Appearing before lawmakers on the Digital, Culture, Media and Sport select committee, Huddleston said: "We recognise and the Premier League recognise that the owners' and directors' test needs further work, it needs to be more robust.

"I think we're at a turning point for English football. The fan-led review is pivotally important. We recognise there are failures in the structure and governance of English football.

"If it was all working perfectly we'd never have needed the fan-led review which will be pivotal because it will contain an independent regulator."

Russian billionaire Abramovich has had his British assets -- including Chelsea -- frozen but Huddleston said he did not want the European and world club champions, operating under a special government licence, to go bust.

"The action we've taken is precisely to stop that from happening because what we've enabled is for Chelsea to continue to operate and play and for staff to be paid," he told the MPs.

"We are working with Chelsea and the fans that the measures we have put in place primarily impact Roman Abramovich and make sure he does not benefit. We want to make sure the sanctions hit those we intend to hit and not others."

The parliamentary evidence session was convened to examine the role of Russian money in both the ownership and sponsorship of football clubs but Huddleston said there were "plenty of other" potential investors.

- Russian investment -

"Globally, there's a lot of money in sport and a lot of money in football and I think we can manage perfectly well without Russian investment overall," he said.

"I really cannot see circumstances for quite a long period of time where we're going to welcome that money back, I genuinely can't."

Russia's clubs and national sides have been excluded from European and global competitions, while several other sports bodies have elected to suspend the country's teams.

Individual Russian sportsmen and women may be asked to provide guarantees they will not fly their national flag while competing on British soil.

When asked specifically whether US Open men's singles tennis champion Daniil Medvedev would be allowed to take part at Wimbledon this year, Huddleston said: "Absolutely nobody flying the flag for Russia should be allowed or enabled.

"We need some potential assurance that they are not supporters of Vladimir Putin. We're considering what requirements we may need. Would I be comfortable with a Russian athlete flying the Russian flag? No."

W.O.Ludwig--NZN