The Premier League have given a statement on the outcome of the EU referendum , stating “there is little point second guessing the implications until there is greater clarity”.
As with most walks of life, football will be affected in numerous ways by the historic political vote which has seen Britain vote out of the European Union. Clubs will now not be able to sign young players from within the EU until they are aged 18 or over, perhaps putting them at a disadvantage against some of the continent’s other sides.
With suggestions this could aid the long-term future of Britain’s national teams, however, the Premier League have released a cautious statement about the overall impact of the vote.
The statement reads:
“The Premier League is a hugely successful sporting competition that has strong domestic and global appeal. This will continue to be the case regardless of the referendum result.
“Given the uncertain nature of what the political and regulatory landscape might be following the ‘Leave’ vote, there is little point second guessing the implications until there is greater clarity. Clearly, we will continue to work with Government and other bodies whatever the outcome of any process.”
On Thursday June 23, a referendum known as Brexit was held to decide whether Britain should leave or remain in the European Union. The goal of Brexit is to unwind Britain’s 43-year membership of the bloc, disentangle and sever the legacy of shared sovereignty, and then reshape the biggest single market on earth.
The British people obviously made the very clear decision to take a different path, with the Leave campaign securing 52 per cent of the vote. The Leave campaign won by 51.89% to 48.11% and the referendum turnout was 71.8%, with more than 30 million people voting. It was the highest turnout at a UK election since 1992.
Following the outcome of the result, British Prime Minister, David Cameron tended his resignation letter, saying “I will do everything I can as prime minister to steady the ship over the coming weeks and months, but I do not think it would be right for me to try to be the captain that steers our country to its next destination.”
The effect of UK’s decision is already being felt as the Pound took a nosedive on the world markets crashing to its lowest in 31 years as investors have gone into panic mode.