The Richest Men in British Football
The money going round in the Premier League is now so dizzying, it’s almost impossible to comprehend. In the 1980s and 1990s, when a very rich man such as Rupert Murdoch, Alan Sugar or Robert Maxwell decided they wanted to be involved in football, there was an almighty fuss. Each of them had vastly different agendas and results, but they were all under the microscope.
There’s still a fuss when an Usmanov or a Glazer bulldozes his way in. But what’s remarkable is how many billionares now buy into English football (and not even just in the Premiership) with few eyebrows even being raised any more. Take a look at the list of the richest after the jump.
Some of those names we are very familiar with; some seem obscure. I knew Tottenham’s Joe Lewis, a caterer who lives in the Bahamas, was very, very rich, but I didn’t know he was in Abramovich territory, for example.
All this investment is no wonder, of course, when even the Coca-Cola Championship and Carling Cup rights can be for over sold for $500 million. The exploding value of British football isn’t news, but it still manages to blow my mind from time to time.
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It is quite astounding to see that list and the amount of money people have to potentially invest in clubs. You are right in that there is so much money flying around the Premiership in particular they are investing with minimal risk as they are almost guaranteed to make a huge profit.
I don’t however see too many fans complaining when an Abramovich, Glazer or Hicks comes in and splashes £20million on one player though, so until the bubble bursts I think billionaire investors are here to stay.
Just one small comment, you suggest that Joe Lewis is in Abramovich’s territory, but you would need to add on the wealth of people in 2nd to 6th in order to be level!
Good point Adam, nobody is really in Abramovich territory, are they? Still, Lewis’ little known offshore wealth is remarkable.
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I came across this post a year and a half after it was written. In light of what has been going on to the economy in the past few months it’d be interesting to see how much these guys fortunes have diminished. I read an article last week that said Abramovich had lost over €7 billion due to the credit crunch.
Forbes rich list is due out in April.