Word: stadiums
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Dates: during 2000-2009
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...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...
...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. But owning the club may be less a business venture than a vanity investment for the Russian billionaire...
...within reach of the top teams requires spending more money each season to keep pace with their efforts to concentrate the world's best talent in their team. And if a club is unable to attract a prestige investor, it becomes essential to expand revenue - most importantly by increasing stadium capacity. Arsenal two years ago moved from the 38,000-seat Highbury to the 60,000-capacity Emirates Stadium, which helped the club double its annual revenues to $180 million. The problem, of course, is that building a new stadium takes massive capital investment, and Arsenal recently admitted that...
...Beneath the stadium, a few minutes before the medal ceremony, the Americans told Norman their plan. To their surprise, he backed them. They didn't know that the Melburnian, raised in the Salvation Army, was a Christian who didn't so much loathe racial prejudice as not understand how it could exist. When Carlos revealed he'd left his gloves at the village, it was Norman who suggested that the Americans share Smith's pair. Norman was never going to raise his own fist, but did wear a badge that said "Olympic Project for Human Rights", an organization that...
...Norman couldn't see Smith and Carlos during the presentations but knew they'd executed the salute from the silence that fell over the stadium. His support for them continued in front of the media afterward, and right up to his sudden death, aged 64, in 2006. If a trifle amateurish in style, Salute works as a fascinating dissection of a morally complex episode. Smith and Carlos acknowledge that while they had each other as a "shield," there was no one to protect Norman, who paid for his actions. Though a likely 200-m finalist at the Munich Games four...