Word: oligarchs
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...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...
...were sparring over Iraq. The organization has taken off and has just given birth to the International Friends of the Louvre. Among the guests at the June gala were the billionaire Mexican art collector Eugenio Lopez, Malaysian tycoon Francis Yeoh and Dasha Zhukova, the girlfriend of Russian oligarch Roman Abramovich. There's also money to be found in France: as well as campaigning vigorously to convince major French companies to contribute, Loyrette has created a circle of young donors that is attracting a new generation of entrepreneurs...
...lost for business," grumbled a top Russian banker on Wednesday. His sentiment may have been shared, at the end of the day, by Russian oligarch Roman Abramovich, whose London-based soccer team Chelsea was beaten 6-5 on penalty kicks by Manchester United in the European Champion's League final played in the Russian capital. But the banker's complaint was simply that he had no way to move around the Moscow to keep appointments, given the traffic restrictions all over the city to allow smooth passage for the 970 special buses whisking Chelsea and United fans, separately, from airports...
...Official commentators covering the match tried drumming up Russian support for Chelsea on the grounds of it being owned by oligarch Abramovich, which, they suggested would mean it could bring Russia a victory by proxy. But the proxy result was a defeat. Much as connoisseurs enjoyed the often dramatic match, a touch of bitterness lingered. A friend summed it up succinctly: "That's what Abramovich spent a billion dollars on? To buy these blue-clad fumblers? What a waste of our money...
...host city through a ballot. So, although Manchester City is owned by former Thai Prime Minister Thaksin Shinawatra, a strong bid from Bangkok wouldn't necessarily be enough to land a match involving that particular club. (And given the weather in January, don't expect Chelsea - owned by Russian oligarch Roman Abramovich - to head for Moscow.) Don't expect much enthusiasm, either, from the English fans who sing their lungs out every week watching their teams play, home and away. A flight to Beijing may be a bit beyond of the means of even the most ardent traveling fans...