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Sovereign Wealth Funds Briefing - Categorized | Market

Are Sovereign Wealth Funds About to Take Over European Soccer?

Posted on 11 November 2014

Fans of European, and especially English, soccer have become used to a particular type of face in the crowd over the last decade - the face of the foreign billionaire club owner.
A sheepish, slightly dismayed grin plastered permanently on his face, Roman Abramovich, the former owner of Russian oil company Sibneft (now Gazprom Neft), looks down on every home game at London’s Chelsea Football Club, which he acquired in 2003;further north, at the City of Manchester Stadium, the beatific,sharp-suited Sheikh Mansour, member of the ruling family of Abu Dhabi, follows the progress of Manchester City, the once-struggling but vastly popular club he bought in 2008; over in Paris, proceedings at the Parc des Princes are dominated by the helmet hair of Nasser Al-Khelaifi, who has been chairman of Paris Saint-Germain since 2011………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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