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Modi: Top English football club looking for IPL team
Press Trust of India, Tuesday February 16, 2010, London

Indian Premier League commissioner Lalit Modi has claimed that a top English football club is planning to bid for an IPL team but the likes of Manchester United and Chelsea have denied any such interest.
     
"There is a very famous football club in the UK very interested in bidding. (They are) probably one of the most famous football clubs probably top three. They are interested in taking a stake," Modi told 'The Times'.
    
Manchester United quickly clarified that they were not keen on any such move while Chelsea's name was shot down by Modi himself.
    
The likes of Liverpool and Arsenal are in debt and unsure about their long-term ownership, ruling out any such move from them. Manchester City, a club acquired by Gulf-based owners, may be interested but a team official denied that Modi could be referring to them.
    
The IPL will include two new teams from the 2011 season and these will be auctioned before this year's edition starting March 12.
    
The franchise rights' base price has been set at USD 225 million and potential investors could make their first move as early as this week.
 
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Tags: English Premier League, EPL, football, IPL, Lalit Modi, Manchester United
Comments
Posted by hamid on Feb 16, 2010
Yea, we have secure financial 'futures' but we are quite short of money right now. Arsenal cannot afford to go out into these businesses right now when they cannot even go in full monty for a striker they need. I don't understand why he cannot say the name of the club itself,instead of this pointless suspense.
Posted by Janish on Feb 16, 2010
Quite true, Arsenal one of the only top team in the Premier League which is financially stable, it is also true that Arsenal is having debt but the debt is on the stadium they moved to about 3 years back, Arsenal is sustained business model, Arsenal have taken the debt to secure the long term future of the Club the debt quite managable debt and one of the few clubs making profit with also servicing the debts, But not sure if Arsenal would be bidding for a IPL Team.
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