In recent years, rich businessmen have taken to investing in sports teams and injecting their millions into them, often resulting in dramatic increases in their teams’ success. With this in mind here are the top 5 sports moguls.
5. HH Sheikh Mansour bin Zayed Al Nahyan
…invested in the club,
Abramovich certainly did start a trend, and rich owners started buying clubs throughout the years after Abramovich bought Chelsea. Perhaps the most significant was HH Sheikh Mansour bin Zayed Al Nahyan’s purchase of Manchester City in 2009. With the millions that HH Sheikh Mansour has invested in the club, City have gone from languishing in mid-table to possible title winners this season, and can seemingly afford any player they wish to buy.
4. Silvio Berlusconi
…one of the most successful…
Silvio Berlusconi may be better known for recently being prime minister of Italy, but in 1986 he acquired control of AC Milan. Since then, AC Milan has won 5 European Cups/Champions Leagues, and 8 league titles. Silvio Berlusconi’s money saved AC Milan from bankruptcy and enabled the club to buy great players such as Ruud Gullit, Marco van Basten and Frank Rijkaard. Whilst he himself went on to become Italian prime minister, AC Milan has remained one of the most successful teams in Europe.
3. Vijay Mallya
…formation of the Indian Premier League…
Cricket would not be a sport that you would initially associate with moguls, but the formation of the Indian Premier League in 2008 gave the opportunity for rich moguls to invest in the newly formed teams. Vijay Mallya would be a good example. He already owned United Breweries Group and Kingfisher airlines, before owning the Bangalore Royal Challengers cricket team. Though they are yet to win the IPL, they have finished runners-up on two occasions and have had such players as Kevin Pietersen and Jacques Kallis playing for them in recent seasons. Mallya also co-owns the Force India Formula One team, proving once again that Formula One continues to attract rich businessmen.
Tune in tomorrow for the top 2 sport moguls!
Image courtesy of Mansour bin Zayed Al Nahyan