The chief executive of the League Managers Association has warned that owners of a number of Premier League clubs are talking about trying to scrap promotion and relegation in order to safeguard their investments.
"There are a number of overseas-owned clubs already talking about bringing about the avoidance of promotion and relegation in the Premier League," said Richard Bevan. "If we have four or five more new owners, that could happen."
He said he understood that talks had taken place among "American owners and some of the Asian owners as well".
With Stan Kroenke's move to become the majority owner of Arsenal in the summer, the north London club joined Manchester United, Liverpool, Sunderland and Aston Villa in American hands.
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http://www.guardian.co.uk/football/2011/oct/17/premier-league-owners-relegation?newsfeed=true