Wenger warns of Brexit negative implication on Premier League
Written by Morenike Adebayo on July 5, 2016
Arsenal manager Arsene Wenger has said that last month’s vote for Britain to exit the European Union could have long-term consequences for the Premier League.
The narrow win for the Leave campaign in the Brexit referendum has led to political and economic uncertainty. However, some have suggested that the decision will eventually drive up the price of British players and could even lead to recruits from elsewhere in Europe requiring work permits.
Wenger told France Football that the result of the referendum had shocked him. While he feels TV money will soften the blow for English clubs in the short term, the Gunners boss believes that the vote could result in the Premier League becoming less powerful.
He noted that if the league becomes less attractive, TV companies will spend less money, making the revenues of clubs to decrease. The sixty-six-year-old added that the players are going to see their salaries drop a little bit and the competition with Germany, for example, is going to be stronger.