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...thought about buying yourself an English Premier League soccer team over the past few years, the chances are you're wealthy - and foreign. Overseas investors have bagged seven of the country's top-flight teams in the last five years, from the $218 million that Russian oligarch Roman Abramovich found for London club Chelsea in 2003, to the $1.4 billion shelled out for Manchester United a couple of years later by U.S. tycoon Malcolm Glazer (owner of the NFL's Tampa Bay Buccaneers). The investors' goal: to score a slice of the richest soccer league in the world. Buoyed...

Author: /time Magazine | Title: Can Fans Buy Their Team? | 2/1/2008 | See Source »

...almost half a century and the director of the Football Industry Group at the University of Liverpool. "[They] are not just businesses but much more important cultural and social assets for individual places ... This isn't the way these grand institutions should be traded." But with Liverpool among the Premier League's foreign-owned teams - Tom Hicks, owner of baseball's Texas Rangers, and George Gillett, owner of the Montreal Canadians hockey franchise, snapped up the club in February 2007 - Taylor's trying to bring the merry-go-round to a halt. His message to the team's fans...

Author: /time Magazine | Title: Can Fans Buy Their Team? | 2/1/2008 | See Source »

...than their predecessors," says Horgan, the APCO consultant. So the state propaganda machine has been working flat out to show how officials are trying to ease the crisis. The main China Central Television channel regularly airs a special program called "Battling the Blizzard." An often repeated news clip shows Premier Wen Jiabao picking up a bullhorn and apologizing to a crowd of disgruntled travelers trapped in the train station in Changsha, the icy capital of Hunan province. (Even the Premier was inconvenienced by the weather: his plane couldn't land in Changsha and was forced to divert to Wuhan...

Author: /time Magazine | Title: China On Ice | 1/31/2008 | See Source »

Disney announced a similar alliance last June with India's Yash Raj Films, one of Bollywood's premier studios. The two companies will produce a series of computer-animated films in Hindi using nearly all local talent. Their first co-production, Roadside Romeo, is set for release later this year. "We believe that China, India and Russia are the main strategic markets from which our growth will come in the future," says Jo Yan, senior vice president of sales, co-productions and acquisitions for Walt Disney Studios Motion Pictures Asia Pacific. "But at this point we're not arrogant enough...

Author: /time Magazine | Title: Fantasy League | 1/31/2008 | See Source »

...hang ready for televised sports; a bar runs the length of the pub to a small stage that showcases local rock bands. But, the vast pub is empty. Says Herring, "They know we are closing so they won't even renew Sky Sports [the subscription TV channel that carries Premier League soccer...

Author: /time Magazine | Title: Why the Pub Is Empty | 1/28/2008 | See Source »

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