A perfect example of this was the game between Manchester United and MLS All-Stars at the Reliant Stadium Houston Texas. First, the attendance was announced as a sellout crowd of 70,728 that created an incredible atmosphere at the stadium and lots of wild fans having a great time. Second, Manchester United (The Red Devils) is the richest club in the world and, guess what? They are owned by an American! Malcolm Glasser and Sons, who purchased the Club in 2005 for $1.49 billion. Malcolm also owns the Tampa Bay Bucks. I wonder? Is it that he is a sports enthusiast, or an investor, or both?
Here are some more examples of American and oversees investors into the global market of soccer:
Liverpool F.C. was bought by Tom Hicks (Texas Rangers and Dallas Stars owner) and Canadian, George Gillett (Montreal Canadians owner). Liverpool has 28 million registered fans around the world and a recent Liverpool game was broadcast in 183 countries.
However, Stop Press: Syrian business man Yahya Kirdi and a consortium of Canadian and Middle Eastern Investors are in the final stages of buying Liverpool Football (Soccer) Club. Aug. 2010.
Cleveland Browns owner Randy Norman purchased Aston Villa, another English Premier Club, for $118 million. Stan Kroenke (who owns the Colorado Avalanche, the Denver Nuggets, and the operating rights to MLS, Colorado Rapids) bought a 12% stake in Arsenal.In October, Arsenal made a 15-year sponsorship deal worth $178 million with the international airline of the United Arab Emirates to put the airline’s name on the team shirts. Russian billionaire Roman Abramovich paid $223 million for Chelsea F.C.
I could go on. Why all this interest in soccer? Simple! For sports investors, the American market – vast as it is – has limited growth potential compared with the rest of the world; and there are far more soccer fans globally than there are American football fans. So increased popularity of soccer in the U.S., interchange of quality players between the U.S., European and UK Premier Clubs, the opening of Soccer Academies in the U.S, all are being encouraged by American investors. I will repeat my comments of the last publication of Coastal Breeze: “Team America will be a force to be reckoned with in the next world cup in 4 years time.” See the upside down Pyramid theory in the next issue.
Milk Cup Competition Northern Island: See next Coastal Breeze News. Many of you will be very surprised who the winners of the Elite U-20s final were.
Coastal Breeze News World Cup Competition Winners, Linda (Soccer Mom) and Shaun Hannel of Marco Island, forecast the two teams to reach the final round. Congratulations! Their prize is a Breakfast for Two at Chef’s Express and the Official World Cup Soccer Ball, the “Jabulani.” (The ball’s name means “to celebrate” in isiZulu.) Good job, guys! Enjoy the Chef Express’ great Breakfast or Lunch selection. Keep the soccer interest going, Shaun. Remember, a healthy body – a healthy mind.