What The Papers Say: Football clubs prove irresistible prey

For other companies hoping to enter the crazy world of football finance, the Competition Commission’s (nee Mergers and Monopolies Commission) decision to reject BSkyB’s bid for Manchester United was not entirely unexpected. However the referral of telecoms and cable company NTL’s bid for Newcastle United surprised many watchers.

For other companies hoping to enter the crazy world of football

finance, the Competition Commission’s (nee Mergers and Monopolies

Commission) decision to reject BSkyB’s bid for Manchester United was not

entirely unexpected. However the referral of telecoms and cable company

NTL’s bid for Newcastle United surprised many watchers.



Opposition was led by those who claimed the BSkyB decision was a nail in

the coffin of other media bids. ’The Government should appoint a

regulator to protect clubs’ was the view of fans’ organisation IMUSA.

NTL and other media companies such as Carlton found allies in City

analysts, other major football clubs and Tory spokesman John Redwood who

called the decision ’half-baked’.



Nigel Hawkins, analyst at Williams de Broe, said any successful bid

would raise ’howls of protest’ from BSkyB but Tony Fraher of Singer and

Friedlander’s Football Fund said rejection would be ’seriously bad news

for the ownership of English football clubs’.



Evaluation and analysis by CARMA International. Cuttings supplied by the

Broadcast Monitoring Company. ’What The Papers Say’ can be found at:

www.carma.com.



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