Word: chelsea
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...being bought) - are the prime beneficiaries of soccer's rampant inflation. Right now, some $400 million is chasing the signatures of just three players - Manchester United's free-scoring Portuguese midfielder Cristiano Ronaldo (a $120 million target of Spain's Real Madrid); Brazilian forward Robinho, for whom English club Chelsea are reportedly willing to pay Real $80 million; and A.C. Milan's brilliant Brazilian playmaker Kaká, sought by Chelsea for a whopping $160 million. But dozens of lesser trades have seen players change clubs for sums unthinkable a few short years ago. And the ballooning wage bill...
...clubs with the biggest war chests - Real, United, Chelsea and Milan - use them to buy the players who'll ensure their continued dominance, concentrating talent in a handful of top clubs in each country, while those lower down the pecking order struggle to hold on to their best players. Even such legendary clubs as Arsenal and Liverpool in England, both of which reached the final four of last season's élite European Champion's League, are unable to match the financial muscle of Chelsea or Real Madrid, lowering their prospects for success...
...attracted two types of investors - entrepreneurs such as the Americans Malcolm Glazer (who owns Manchester United), Tom Hicks and George Gillet (who jointly own Liverpool) and Randy Lerner (Aston Villa); and billionaire prestige investors such as the Russian oligarch Roman Abramovich, who has invested more than $1 billion in Chelsea, and former Thai Prime Minister Thaksin Shinawatra, who last year acquired Manchester City. Chelsea, with its 42,000-seat stadium, might be considered an underperforming asset from a strictly business point of view; its revenues in the years since Abramovich took over are far lower than what he has invested...
...used vinyl LPs and CDs. Farquhar says the Notting Hill shop's makeover should increase that site's revenues 100%. The boutique's average sale is $40, four times the average sale at a regular outlet. The other two Oxfam fashion boutiques are in the wealthy London enclaves of Chelsea and Chiswick. Oxfam expects to eventually extend the idea to upmarket urban areas around...
...Last March, Mosley invited five women to a posh Chelsea apartment to engage in what he readily admits was a sadomasochistic orgy, replete with canes, prison uniforms and old-fashioned spanking (a true Englishman, Mosley served the women tea after their session). To his ultimate distress, though, hidden cameras were rolling. The tabloid posted the footage online, accompanied by an article that described the event as "a depraved Nazi-style orgy in a torture dungeon." Mosley's wife of 48 years learned of her husband's sexual predilections for the first time, Formula One racers and sponsors called...