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...Given Manchester United's dominance of the Premier League in recent years and the money thrown around by clubs such as Chelsea and Liverpool, it's little wonder that the chance to finally compete has made City followers happy. Boosted by the sale of lucrative TV rights worldwide, Premier League clubs generated a little more than $3.1 billion in revenues in 2006-'07, making the league by far the world's richest and a magnet for overseas players, coaches and investors who are keen to cash in. (Foreigners now own eight of the league's 20 teams.) But making enough...

Author: /time Magazine | Title: Money Flowing into English Soccer | 9/2/2008 | See Source »

...world," Chadwick says, of "establishing relationships with key decision makers in football, demonstrating they have the confidence and expertise and have the money to spend." ADUG's move into England may not be the last from the UAE either. Dubai International Capital has been pursuing a possible takeover of Liverpool Football Club for months. With oil-rich Gulf and Russian buyers ready to shop, expect fans from other English clubs to have reason to smile in the coming months as well...

Author: /time Magazine | Title: Money Flowing into English Soccer | 9/2/2008 | See Source »

...Ticket sales for home games, which means that stadium size matters: it is no coincidence that Manchester United, which seats 76,000 at its Old Trafford ground, is the richest of the English clubs - Liverpool's Anfield stadium holds only 45,000, by comparison, which at ticket prices averaging around $80 means that United generates as much as $50 million more than Liverpool in annual ticket sales. High rollers like Real Madrid and A.C. Milan, not surprisingly, play in stadiums that hold upwards of 80,000 fans...

Author: /time Magazine | Title: Soccer's Billion-Dollar Players | 8/3/2008 | See Source »

...global reach of European, and particularly English, soccer has 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...

Author: /time Magazine | Title: Soccer's Billion-Dollar Players | 8/3/2008 | See Source »

...markets as teams compete to gain an edge. It's a cutthroat game, precisely because revenues are closely related to a team's performance: only the top four teams of the 20 in the English Premier League qualify for the European Champion's League, and United, Chelsea, Arsenal and Liverpool have in recent years established a lock on those four slots. But they have to win consistently to get there, and failure to do so can be financially disastrous. Things are as treacherous at the lower end of the league, from which the bottom three clubs are relegated...

Author: /time Magazine | Title: Soccer's Billion-Dollar Players | 8/3/2008 | See Source »

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