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« on: November 05, 2010, 06:34:09 AM »
Taken from the BTYAHOO website
An American billionaire has invested in English football at an unlikely club - amateur side Bedlington Terriers.
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The appropriately-named Robert Rich is the 488th richest man in the world, but has eschewed following several of his compatriots into the cauldron of the Premier League by investing in the Northumberland club, who play their football in the ninth tier of the English pyramid.
Currently four top-flight clubs - Manchester United, Liverpool, Aston Villa and Sunderland - are under American ownership, but Rich has instead opted for the delights of the STL Northern League Division One.
The 69-year-old chairman of the Rich Products Corporation, a food manufacturing and catering empire, was drawn to the area after tracing his family roots there.
His wife bought him the title of Lord of Bedlington and he became interested in the local football side.
Rich now sponsors the club's shirts, and plans to install a £30,000 electronic scoreboard at the club's home ground. The record attendance at Welfare Park is 2,400 spectators for an FA Cup first round match against Colchester United in 1998.
Rich - who owns three baseball teams in the States - said he would not plough obscene amounts of money into the club, and vowed to increase his investment relative to the club's potential.
He told local paper The Journal: "I haven't made any promises. Having said that, I would love to see them do well and let them challenge me to increase our participation."
Club secretary David Callop is just grateful that Rich's involvement has eliminated the worries surrounding the costs of running the club.
He said: "The backing has relieved us of the immediate worries of scraping by. Even at our level, clubs can take some running. For a night match when we might only have 60 or so paying punters, we have to pay £50 for the floodlights and £200 for the officials."
However, Callop allowed himself to envisage the Terriers rising up the divisions, and perhaps even surpassing local rivals Blyth Spartans.
He said: "In my dream of dreams I would like to see Bedlington step on to the pitch as a League Two side.
"Who knows whether that might happen? But we are not splashing the cash on players now, we are slowly improving our ground.
"Mr Rich could have bought Manchester United or Liverpool, I would imagine but he would sooner help the underdog."
Eurosport