In recent months I have been asked numerous times if investments by Indian businessmen and corporate houses or by Persons of Indian Origin into European football clubs are really working out besides it being beneficial for Indian football. To be honest there is no definite answer to these difficult questions as it depends on the different reasons why such an investment is made.
Some might see it as a chance to grow their business in Europe and other markets too, some are genuinely interested in the sport of football, some even have business ambitions within India but rather take the foreign sporting route to achieve their goals.
The reasons for such investments in a professional sports team can differ, but often they will surely not be about the development of Indian football or football in India, then otherwise the money could have easily been invested directly into Indian football.
But as the current examples of Blackburn Rovers and Racing Santander show, investment alone will not do. One will have to have the deep pockets to pump further money into the team to buy quality players and develop the club overall, but also have the right management in place with the necessary knowledge to run a football team.
In Europe a lot of people are questioning the knowledge and capabilities of Indian football club owners after the terrible mismanagement by the Venky's and Ahsan Ali Syed at their respective clubs; who bought these clubs, made false promises which in the end led to relegation and an unsure future of the once respected clubs.
But there is also a positive counter model, the Mittal Family as minority stakeholders at Queens Park Rangers FC, who last season ensured that QPR would win the Championship and now ensured their Premiership status; but with the two above very negative examples many in football are saying they don't want Indian investment in the sport which displays Indian businesses and Indian football in a very bad light. Which is a very sad fact.
Other positive examples of Indian minority shareholding are FC Midtjylland by the Dempo Group and FC Vestsjælland by Anglian Holding, both in the Danish leagues. Both are inter-linked with India and the development of the game in India besides also allowing the clubs to develop themselves.
And the question will be who would now want to invest in European football in such a climate of distrust, though Indian money through sponsorship and other forms surely would surely be welcome.
Some might see it as a chance to grow their business in Europe and other markets too, some are genuinely interested in the sport of football, some even have business ambitions within India but rather take the foreign sporting route to achieve their goals.
The reasons for such investments in a professional sports team can differ, but often they will surely not be about the development of Indian football or football in India, then otherwise the money could have easily been invested directly into Indian football.
But as the current examples of Blackburn Rovers and Racing Santander show, investment alone will not do. One will have to have the deep pockets to pump further money into the team to buy quality players and develop the club overall, but also have the right management in place with the necessary knowledge to run a football team.
In Europe a lot of people are questioning the knowledge and capabilities of Indian football club owners after the terrible mismanagement by the Venky's and Ahsan Ali Syed at their respective clubs; who bought these clubs, made false promises which in the end led to relegation and an unsure future of the once respected clubs.
But there is also a positive counter model, the Mittal Family as minority stakeholders at Queens Park Rangers FC, who last season ensured that QPR would win the Championship and now ensured their Premiership status; but with the two above very negative examples many in football are saying they don't want Indian investment in the sport which displays Indian businesses and Indian football in a very bad light. Which is a very sad fact.
Other positive examples of Indian minority shareholding are FC Midtjylland by the Dempo Group and FC Vestsjælland by Anglian Holding, both in the Danish leagues. Both are inter-linked with India and the development of the game in India besides also allowing the clubs to develop themselves.
And the question will be who would now want to invest in European football in such a climate of distrust, though Indian money through sponsorship and other forms surely would surely be welcome.
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