Thursday, January 8, 2009

Chelsea Owner Roman Abramovich No More the Richest Club Owner in Football

Chelsea’s Russian billionaire owner Roman Abramovich is no more the richest club owner in the world. Manchester City’s Arab owner Sheikh Mansour bin Zayed Al Nahyan who is a member of Abu Dhabi royal family with an estimated wealth of £15 billion ($22.04B). Interestingly, Abramovich could not even secure the second spot in the list of wealthiest soccer club owners, losing to second place to Indian billionaire Lakshmi Mittal who is a joint owner of English club Queens Park Rangers. FourFourTwo magazine recently conducted a researched on this regard and based on the research the magazine published the list of wealthiest football club owners.

CNN reported:

Abramovich has seen his fortune cut by over £3 billion to £7 billion ($10.29B) in the global economic downturn, the magazine estimated.

Have wealthy owners benefited English football ? His billions gave Chelsea massive spending power to win two successive Premier League titles under Jose Mourinho and accelerated the trend of foreign ownership in English football.

David Beckham is still the wealthiest soccer player in the world with personal wealth of at £125 million ($183.66 million). Beckham is currently playing in Inter Milan on loan from his American club Los Angles Galaxy. So, the richest footballer and the richest football club owner are from England. Now, let us see if English players and club owners can continue their dominance in the years to come amidst the current global economic slowdown.


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