The Tottenham manager says it is the inevitable outcome from the influx of foreign owners in the English league.
In a week in which Liverpool's future has been fought out in courts on both sides of the Atlantic, Redknapp describes the changing face of English football traditions as "sad".
He said: "You're not going to bring people in from America and suddenly they are going to have real understanding of football. They buy it as an investment.
"When we started playing football Bob Lord, the chairman at Burnley, was the local butcher. At West Ham, the owner had a wood yard up in Wanstead flats, it was their club and they lived for it. The same at Arsenal and Tottenham.
"Now we are full of foreign owners. It's nice to see clubs owned by people with feelings for the club, English owners, like at West Ham. Tottenham are the same, we have English owners. It's important they understand the tradition of the club and what the fans feel and expect.
"Sheffield Wednesday are being bought by someone in the Far East - we'll all end up playing our games in the Far East. We'll end up with games all over the world. That's what will happen eventually. They'll want to take their club to their own countries to play."