Wednesday, June 27, 2012
Kraft not interested in buying soccer club
By Field Yates
Patriots owner Robert Kraft explains in a recent piece on CNN.com that he has no interest in investing in a soccer club in the English Premier League, citing the lack of a salary cap and business sense involved with such a transaction.
Kraft states that he had an opportunity to purchase the popular Liverpool club in the past, and also that he has the resources to purchase a club presently, but would not do so. A group led by current Red Sox owner John Henry became the eventual owner of Liverpool.
Kraft references league champion Manchester City, which incurred losses of $300 million over the previous financial year. Rather than taking such a massive hit, Kraft would prefer to donate that sum to charity.
Since purchasing the Patriots in 1994, Kraft has continued to grow the franchise and it now ranks amongst the most valuable in all of football.