Monday, April 23, 2007

Another Foreign Prem Owner?

Malcolm Glazer bought Manchester United as part of a leveraged buyout. Roman Abramovich owns Chelsea. Randy Lerner bought Aston Villa. Stan Kroeke owns about 12% of Arsenal. George Gillett and Tom Hicks and recently bought Liverpool. And now former Thai Prime Minister Thaksin Shiniwatra is looking to buy Manchester City (Thaksin had previously been linked with buying Liverpool). Is owning a premiership team really that great of a business proposition or is this trend a matter of rich guys buying glamorous toys?

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