Football Clubs and the Mega Riches

In recent years football has seen an influx of mega rich owners buying and taking control of some of the biggest clubs in the game. These include Russian billionaire Roman Abramovich who purchased Chelsea in 2003 for PS140 million.

There are also FOOTBALLKUB of other wealthy club owners who have taken the game by storm. These include Arab sheiks, Russian magnates, American businessmen and Asian millionaires who have all poured money into their new clubs in a football arms race to sign the best players and win the big prizes.

Unlike the olden days of football when it was a club owned by a local or family, today clubs operate much like any other corporation. There is a board of directors, an annual shareholders’ meeting and a CEO.

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