Football is a team sport. However, not all top clubs can afford to rely on their homegrown talent. Most often, eleven people on the field determine everything. But one person is richer. It is not the coaches that decide the outcome of championships but the owners. But where are their billions?
Premier League is a popular league for football because it features many great teams. Premier League fans all over the globe watch every Sunday’s games and cheer on their favorite players and teams. You can also place wagers at http://22bet.ng if you are interested in Premier League games.
Chelsea – The new era in football
The entire football world was shocked when Roman Abramovich bought Chelsea in 2003. The club was quickly developed by the billionaire, who is known for his unflinching dedication to making the club one of the most powerful in the world. The Blues have won two Champions League titles as well as five Premier League titles. They also hold ten other trophies thanks to the huge financial support of their owner.
According to the Sunday Times, Abramovich’s net worth is estimated at PS 12 Billion. It is difficult to know how he got them. A native of Saratov in his youth, Abramovich made friends with Boris Berezovsky, an entrepreneur in the early 1990s.
Abramovich bought Sibneft oil company, which was later transferred to Gazprom as part of the privatization process that began after the fall of the USSR. It is now mainly EVRAZ that makes him money, which is a metallurgical-mining company.
Liverpool – From soybeans to world domination
Fenway Sports Group, based in Boston, bought Liverpool for PS300m in 2010. The team’s value has risen tenfold since then.
John Henry Werner and Tom Werner founded the company. Werner was a television producer and was responsible for popular shows like The Cosby Show and The Third Planet from the Sun. He is a big baseball fan and has been working in the field since the early nineties.
John Henry was born in the provinces and was interested in agriculture commodities such as soybeans. He became well-known in the financial industry. J.W. Henry was the founder of J.W. Henry & Co was founded in 1981 by him after he developed a “mechanical trading method”.
Fenway Sports Group’s primary asset is the Boston Red Sox baseball team. Fenway Sports Group also invests in NASCAR racing as well as the Olympic Marseille.
Manchester United – shopping and debt
In 2005, Manchester United was taken over by the Glazers. They quickly fell into debt. Fans were not a fan of the Americans and many started organizing frequent promotions using slogans such as “Glazers Out” after the team’s demise.
Malcolm Glazer was the original initiator. However, after his death, it was children who took over all aspects of the business. Glazer began his career in New York as a watch and jewelry repairman. He then tried his hand in real estate. He has experimented with everything, from television to health to toys to motorcycles.
The family also owns several shopping centers in the United States. It also manages the Tampa Bay Buccaneers of National Football League.
How can owners of football clubs make a living?
There are many reasons why wealthy people purchase football clubs. These are the reasons:
* Brand building
A football team is a great way to increase your brand. Many business leaders want it. Because more people will know about their company through the football club. This will help to improve the brand’s image.
Many meetings and discussions are held at every sporting event. Many sponsors might be interested in collaborating with the owners of the event in the future. It is an easy way to build your brand, they say.
* Advertising
Advertising is essential when a brand wants to increase its awareness. Advertising freedom is the greatest advantage for a business owner after purchasing a football team. This is the most powerful tool you could ask for. Experts believe that having a football team is beneficial for wealthy businesspeople because of the same reason.
Good advertising will bring you good results. One doesn’t need to worry about finding the right media. They’ll be more than happy to promote the brand of the owner.
You have a vast network of influential people. It is an important decision to purchase a football team. The owners also have the opportunity to network with other successful people. This allows them to build a network that ultimately helps them grow their business.
It’s amazing how many businesspeople have used this strategy for popularity. They don’t need to worry about any problems or issues that may arise in the business because they have made new, influential connections.
* Financial gains
Owners will earn more by owning a football team. It is true that the owners have spent their hard-earned money on the purchase of the team. The team’s earnings will increase in the future.
This is why most people buy teams. They have the chance to make more.
* Reduce tax burden for people
Taxes must be paid according to income. A wealthy person must pay more taxes than someone in the middle class. A football team is one of the best ways for rich people to get rid of their tax burden. This way, they won’t have to deal with the government.
* Future potential gains
One of the benefits of owning a team in football is financial security. The Premier League is well-known around the world and will continue to grow. The owner does not need to worry about future profits. They will have plenty of opportunities in the future.
The bottom line
We can see that most owners of football clubs have huge net worths.
We have discussed several reasons for the same in this article. We hope that you find this article informative and helpful.