I wouldn't say they are racist, it's just that they want to have success without investing to maximise the money they strip from our game.
Because the Middle Eastern owners tend to be willing to invest, this is pushing them down the league and making it harder for them to profit as much as they'd like. It forces them to put their hands in their pockets and spend, which is the last thing they want to do
They are shithouses. The rest of it I 100% agree with.
Bigoted