Robert Kraft: Lack Of Salary Cap Kept Me Away From EPL

June 27, 2012 12:00 AM
Robert Kraft: Lack Of Salary Cap Kept Me Away From EPL
" BOSTON (CBS) — Two years ago, John Henry and the Red Sox’ ownership group purchased Liverpool FC for $476 million, and they’ve since spent millions upon millions of dollars bringing in big-name players to the struggling soccer team.

Robert Kraft, another successful sports owner in town, spoke this week about what’s keeping him away from a similar purchase, and he said it’s the lack of salary cap.

“I would only do it if there was a salary cap,” he told CNN while in England to watch Wimbledon. “It’s the same thing I said three years ago. We could have bought Liverpool before the two ownership groups who preceded us, and in the end I don’t want to compete in a business where people throw money at something. I want to be able to compete.”

It’s not that he doesn’t have the resources; Forbes estimates his worth at $1.7 billion. Kraft said that the fact that every team can operate under different spending rules would interfere with his only goal of purchasing a sports team "

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