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...bet...
Imagine that major league baseball had been so poorly managed that its team owners had to sell their best players to the Mexican or Japanese leagues just to stay solvent. Welcome to Brazil. In the home of the world champions--a good bet to defend their title in Germany--where the beautiful game is part of the nation's soul, the professional league is a money-losing shambles, with poorly paid players performing in mostly empty arenas. Except for one team. In São Paulo, at Pacaembu Stadium, 35,000 fans are on their feet, pounding samba drums. Legions...
Joorabchian's entry into the Brazilian game was, to kick a metaphor around, out of left field. An investment banker and former car salesman, he arrived in Brazil from Britain in 2004 seeking to buy a media outlet. But after watching Corinthians, he decided sports was a better bet. The team was desperate for a benefactor. Despite a fan base of some 24 million, the club attracted fewer than 10,000 people at most games, was more than $20 million in debt and had a revenue stream one-tenth of the $300 million that English powerhouse Manchester United rakes...
...elos" technology, which combines bipolar radio frequency and light sources to combat the signs of aging. "P&G clearly views the consumer segment of aesthetics as a big market," says Jose Haresco, a senior analyst for Merriman Curhan Ford & Co. in San Francisco. "It's not taking a small bet here." Expect to be able to buy some of these gizmos by the end of next year at the earliest, at prices ranging from...
...anyway? Dubai's Sheik Mohammed bin Rashid al-Maktoum, Qatar's Sheik Hamad bin Khalifa al-Thani and Abu Dhabi's Sheik Khalifa bin Zayed al-Nahayan are sons of gulf royalty. But these are not their fathers' investments. Gulf money 20 years ago was being sunk into safe-bet, low-yield U.S. Treasury bonds--or the arms bazaar. Some recent deals--Dubai's brief holdings in DaimlerChrysler and Madame Tussauds, for example--have been opportunistic. But Dubai's bid for NASDAQ is part of a vision for positioning the city-state as a world-class business center. "Dubai...