Having one sports franchise is a trend that overwhelmed many billionaires from all over the world. Whether is that a matter of pride and prestige, or purely economic reasons, we can’t quite tell, but more and more wealthy individuals are entering the industry of sport.
English Premier League, as the most prominent in the world, draws enormous attention when it comes to this case. It is one of the most profitable competitions too, and when you put these two factors together, it is a perfect place for any wealthy person to buy a club and start his adventure in this area.
At the moment, there are 12 teams in EPL owned by billionaires. The most famous is Chelsea, with Roman Abramovich in charge. Russian tycoon made the Blues the most dominant team in England since buying them. The club from Stamford Bridge won 16 trophies in 16 years of Abramovich reign, among them the Champions League. But this year his young team is not the main favourite for taking the title in the Premier League
Chelsea is currently at 1000/1 far behind the unstoppable Liverpool who is 1/25 and Man City 20/1. Also, Leicester City is ahead of the London club with 300/1. Interestingly, the Blues are better positioned in the race for the Champions League trophy 33/1, and the FA Cup, 9/1. If you believe that Chelsea might reach at least one trophy, there is a perfect way to bet on that without any risks. Here you can get the latest free bet no deposit list for sports and casino, which allows you to win money without endangering your own cash.
But to get back on our main topic now. All the four teams mentioned above have wealthy foreign owners. Besides Abramovich, John Henry owns Liverpool, Sheikh Mansour Man City, and Aiyawatt Srivaddhanaprabha took over the wheel at Leicester since his father’s tragic death.
Manchester United, Tottenham, and Arsenal as one of the biggest clubs in England also have wealthy owners. Malcolm Glazer bought United in 2005, and the club stayed in possession of the family, after his death. Joe Lewis owns Tottenham, while Stan Kroenke put his stamp on Arsenal. After making his name and most of the money in the real estate business, he decided to by the Gunners and explore new ideas.
Neither of these titans is in the position to chase the title, as they sit far sbehind Liverpool in the standings. It is no wonder why bookies give 1000/1 odds for any of them to win the Premiership. But all of them are in the race for the fourth place and the Champions League spot.
The Red Devils are leading the list there, with the odds 3/1. After them comes Tottenham with 9/2, and Arsenal with 14/1. Wolves need to be counted in that company too, with 20/1 at the moment. Far behind are Sheffield United with 50/1 and Everton with 66/1.
When mentioning Wolverhampton, their owner is a Chinese businessman Guo Guangchang, who is one of the many investors from this country who came to Europe and decided to finance football.
Wolves immediately became a competitive force, and are in combination for winning the Europa League and the FA Cup. Right now Wolves are 12/1 to win the EL trophy, and 25/1 to lift the FA Cup crown.
Other billionaires who have the club in the Premiership are Mike Ashley – Newcastle, Joshua Harris – Crystal Palace, Nassef Sawiris – Aston Villa. All of them are predominantly in the relegation battle and without chances for some notable success in the league this season.
Aston Villa is one of the biggest candidates for going back to the Championship with the odds at 8/11. Newcastle is 7/2, and Palace 14/1. The biggest favourites for going down are Norwich 1/16, Bournemouth 5/6 and Watford 9/4.
Neither of these last few sides has a billionaire owner.
Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.