The American is among a group of billionaires in football that also include Dan Friedkin at AS Roma and British businessman Joe Lewis at Tottenham Hotspur. Today, Dein’s former club Arsenal is owned by the holding company of Stan Kroenke. “Abramovich parked his tanks on our lawn and it was firing £50 notes. Funds Struggle to Win Europe’s Most Prestigious Football Trophy The match in Istanbul sees City play Inter Milan, a team owned by a Chinese retail conglomerate that has borrowed heavily from a US asset management firm. Saturday’s prestige final gives Manchester City another chance to become the first club owned by a sovereign-backed firm to win Europe’s top prize, two seasons after it lost to Chelsea, then owned by Russian billionaire Roman Abramovich. The team is run by Spanish billionaire Florentino Perez, who is elected by the members who still own the club rather than any rich individual or group of investors. Since 2013, when Paris Saint-Germain first made the quarter finals under Qatari control, Real Madrid boasts the most victories, with five wins. Manchester United is still considering whether to sell to either local billionaire Jim Ratcliffe, a Qatari group enriched by the Gulf state’s massive natural gas exports, or to a variety of US hedge funds and asset managers.īut clubs owned by investment funds have found success in the Champions League elusive. The spending spree doesn’t look like it’s ending. Funds Build Control Over European Football Private-investment firms, such as private equity, sports management groups and alternative asset managers, own or are the major shareholders in 12 clubs, including England’s Chelsea and France’s Lyon. Sovereign-backed investment firms or their subsidiaries now own five clubs, including Manchester City, whose owners have transformed into City Football Group. The analysis shows how the world’s most popular sport morphed from an expensive bit of fun for local bigwigs into a serious play for power and profit. The victory would follow the surprise golf deal struck this week by Saudi Arabia to team up with the PGA Tour, and would underscore the new era where investors with seemingly endless riches are bidding to reinvent global sports.īloomberg News looked at Europe’s top five domestic leagues to uncover how the ownership across 98 clubs has changed since 2005, when the Glazers completed their takeover of City’s rival Manchester United for close to $1 billion including debt. A year later, the Abu Dhabi United Group for Development and Investment bought Manchester City from a former prime minister of Thailand and promised to bring “the best football players in the world” to the club.įast forward, add at least $2 billion spent on players and the latest training facilities, and Manchester City could become the first state-backed club to triumph in the world’s best-known club competition. A Middle Eastern approach for Manchester United was also dismissed by the club’s US-based owners, the Glazer family. But it might not have turned out that way.īack in 2007, investors from Dubai attempted to buy Liverpool, only to lose out to US rivals. Whether the English team wins or loses in the Champions League final this weekend, it’s probably a matter of when - not if - that happens. New world of technology where quality leads the victory!Ĭosmos Billiards can be responsible upon its name.Manchester City is on the cusp of proving that it is now the dominant force in European football. Moreover the design itself is unique and beautiful. The underframe structure is designed through the structure calculation that also applies to all bridges and architecture structures to stand the consistent load applied to the top of the table, and the dynamic triangular construction method is adopted to make the strong and stable tables. The secret of a perfectly calculated triangle structure for the underframe design ! The triangle structureĭesign is harmony with the square table smoothly and also match with any interior design.Īn exclusive choice to stand the 10-ton weight! Outstanding quality and advanced technology can be only guaranteed by Cosmos tables.įrom the flexible top lines and the dynamic underframe structure enhance the stability, balance and also beauty. The unique design and fascinating lighting system create ultimate brilliance and luxury.Īpplying stable and sturdy design and special lighting, Cosmos product is innovative and distinguishing from other billiard tables andĪlso DIAMOND tables adopt the energy saving design by the table heating system and lights turn on together! COSMOS billiard - APOLLO BLACK, APOLLO BLACK POOL, APOLLO GRAY, ANVER600, CLASSIC POOL, CLASSICįor the first adoption of green color for a billiard table!!!
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