The 15 richest billionaire football club owners in England — and how they made their fortune

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Chelsea owner Roman Abramovich

English football has increasingly become a billionaire’s playground.

But it’s not all elusive Russians occupying the upper echelons of the game at the so-called ‘big clubs’ like Manchester United, Manchester City, Liverpool, and Chelsea.

No, there’s some surprising names at the top of the money table and not all of them have brought winning ways with their wealth.

Using the 2017 Sunday Times rich list, Forbes, BBC, Birmingham Mail, and talkSPORT, Business Insider has put together this list of the 15 billionaire football club owners in England.

Here they are in ascending order.

15: Brighton & Hove Albion owner Tony Bloom – net worth: around £1 billion

Enigmatic Bloom took control of Brighton & Hove Albion in 2009 and oversaw promotion into the Premier League in 2017.

A Business Insider feature on Bloom speculated that his net worth could exceed a billion. It is believed he has sunk over £200 million into Brighton, including a £93 million injection so the club could move into a state-of-the-art 30,000 capacity stadium in 2011.

Nicknamed The Lizard, Bloom is a poker legend and even set up the UK’s biggest gambling syndicate StarLizard in the early 2000s, a company believed to make £100 million a year.

Most expensive signing: Shane Duffy – £4.5 million (2016)

SourceBusiness Insider

14: Bristol City owner Stephen Lansdown – £1.48 billion

Stephen Lansdown is co-founder of FTSE 100 financial services firm Hargreaves Lansdown. More recently, he invested in sport as he is majority shareholder of Bristol Rugby (rugby union), Bristol Flyers (basketball), and Bristol City (football).

Lansdown started Hargreaves Lansdown from his bedroom in 1981. In April 2009 he sold a 4.7% stake in the company for £47.2 million to put toward the costs of redeveloping Bristol City’s stadium, Ashton Gate. The works completed in 2016.

The club currently competes in the Championship.

Most expensive signing: Johnathan Kodjia – £3.25 million (2015)

SourceSunday Times

13: Fulham owner Shahid Khan – £1.85 billion

Like Stephen Lansdown, Shahid Khan is an all-round sports tycoon as he owns NFL side Jacksonville Jaguars and Championship club Fulham.

Once dubbed ‘the face of the American dream‘ by Forbes in 2012, Khan made his fortune in the automotive and hospitality industries.

Khan bought Fulham from previous owner Mohamed Al Fayed in 2013. It was denied promotion into the Premier League because of an unsuccessful play-off campaign, losing to Reading in a Championship semi-final in May, 2017.

Most expensive signing: Konstantinos Mitroglou – £12.4 million (2014)

SourceSunday Times

See the rest of the story at Business Insider

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May 30, 2017 at 12:02AM

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from Alan Dawson

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German autobahn’s ‘backdoor’ privatization row

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Germany is opening the door to the privatization of one of its most-loved institutions – the autobahn – according to campaigners. Critics also fear that other public services could soon be sacrificed to investors. Germany could approving a new constitutional change that would open several “back … Read full article »

May 30, 2017 at 12:00AM

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from Ben Knight

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Is PepsiCo (PEP) Mulling Over Buyout of Vita Coco Owner?

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Is PepsiCo (PEP) Mulling Over Buyout of Vita Coco Owner?In a bid to diversify its offerings amid soft sales, beverage giant PepsiCo Inc. (PEP) is in talks to buy All Market Inc, the owner of coconut water brand, Vita Coco, as per media reports.

May 29, 2017 at 11:46PM

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One chart shows how many millionaires and billionaires graduated from Harvard, Stanford, MIT, and 17 other top colleges

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Society seems to be obsessed with rich people. We seek their advice, study their habits, and replicate their wealth-building strategies.

But the richest of the rich have more in common than a risk-taking attitude and an early morning routine.

Wealth-X, a firm that does research and valuations on ultra-high net worth (UHNW) individuals, recently revealed where the world’s wealthiest people — those with assets exceeding $30 million — went to college.

Counting alumni with both undergraduate and graduate degrees and leaving out those with diplomas, certificates, honorary degrees, and drop outs, Wealth-X determined which alma maters the world’s richest people share.

Harvard University is the former stomping ground to 1,906 millionaires and billionaires, which together command a net worth of $811 billion, more than twice that of the No. 2 school, University of Pennsylvania.

All together, five colleges with the richest alumni are public universities, six are Ivy League, and only one is located outside of the US. Though a degree from one of these schools won’t guarantee wealth, the odds may be in your favor if history is any indication. 

Check out the schools with the most millionaire and billionaire alumni in the chart below:

BI Graphics_Colleges with richest alumni

 A few more insights from the Wealth-X report:

  • Stanford UHNW alumni have the highest average net worth of $263 million
  • Harvard has the most living billionaire alumni with 131 — a combined fortune of $528 billion
  • The majority of UHNW alumni are men, ranging from 88% at Boston University to 96% at MIT and University of Notre Dame
  • The majority of UHNW alumni are self-made, with the highest percentage (83%) coming from University of Virginia

SEE ALSO: These 10 American colleges have minted almost 400 billionaires

DON’T MISS: The 20 colleges that have created the most millionaires and billionaires

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May 29, 2017 at 11:28PM

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from Tanza Loudenback and Skye Gould

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