Europe's top clubs spend billions in player bonanza

Europe's top clubs spend billions in player bonanza (via AFP)

The English Premier League's standing as the world's richest sporting competition remains intact after the transfer window closed late on Monday night. The 20 Premier League clubs between them shelled out a massive total of £630 million ($1,012 million…

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Billionaire from Illinois, via Pakistan, takes Jacksonville

The NFL Jacksonville Jags: are they the ultimate in a buy-low, sell high American turnaround opportunity?

Forbes:

The Jags are to football what Rust Belt manufacturing has been to U.S. industry: the financially challenged, least popular team in a league otherwise envied around the world. A mere 0.4% of NFL fans in a recent ESPN poll cited the Jaguars as their favorite franchise, ranking them dead last out of 32.

Forbes article

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Dallas Cowboys now worth $2.1 billion

Forbes:
The Dallas Cowboys have not been to the Super Bowl in 16 years. But the lack of a title game appearance has done nothing to slow down the money that flows into the arms of Jerry Jones, the oilman who bought the National Football League team and lease to its stadium in 1989 for $150 million. The Cowboys are now worth $2.1 billion, more than any sports team on the planet, save Manchester United.

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Tony Romo disagrees with Boss Jones

Jerral "Jerry" Wayne Jones (net worth $2 billion), 69, owner of the Dallas Cowboys, on the NFL Network recently:

"Well, my window is getting shorter. Time goes by. I do feel real pressure because we do have players not only in (quarterback) Tony Romo, but (tight end) Jason Witten (and linebacker) DeMarcus Ware, to leave out several that are (also) in the prime of their career. And we need to strike and strike soon with those guys."

 "(Coach) Jason Garrett feels exactly the same way about it and understands how urgent it is. Candidly, you're looking through rose-colored glasses if we all don't realize that now is the time to compete on the field." 

And, later, quarterback Tony Romo, quarterback of the Dallas Cowboys, and his take on Jerry Jones' take:

"It's not closing. I think there's a sense of urgency every year that you play, whether it's your first year in the league or your 22nd. You never know when all that stuff is going to happen, so you just play every year as if it's an urgent day."

Just another urgent day in Dallas, Texas.

The Dallas Cowboys

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Football's Billionaires

Read all about Jerry Jones (Dallas Cowboys) and & friends and how they make and increase their respective net worth's in the pursuit of football and monetary excellence. Jerry Jones' football ROI??? (Return on investment net of debt): 865%.

Go. Fight. Win!



read::: Forbes article

Billionaires and sports

Well, we have written about billionaires and sports from time to time here at Think Billion$.

So just today, we bumped into an interesting article about mostly NFL and NBA billionaires and how they got to where they are today. For instance, the NFL's Malcolm Glazer got started as an owner of Florida trailer parks.


read>>> How to be a billionaire sports team owner

Billionaires, Soccer and Risk

What does Keith Harris say when some billionaire comes to him wanting to buy an English football club? Harris reaches for the inside pocket of his immaculate blue suit. "The first thing I do," says football's premier dealmaker, "is I produce an imaginary pack of cigarettes and say that buying, owning and actually running a football club is more risky than these are."

And so begins the Financial Times in the Weekend Edition regarding the financial stupidity of billionaires buying English football clubs. For the full article read: Soccer’s billion dollar brain.

This month seems to be the month to be writing about this subject. Forbes has gotten into the act with its article entitled: The Billionaire Soccer Club.



GOOOOOOOOOOOOOOOOOOOaaaaaaaaaaaaaaaaaaaaaaallllllllllllllllllll???????

The Football Billionaires

Paul Allen, Seattle Seahawks

Malcolm Glazer, Tampa Bay Buccaneers

Wayne Huizenga, Miami Dolphins

Robert Kraft, New England Patriots

Jerry Jones, Dallas Cowboys


Forbes

Billionaire businessman Mike Ashley buys into Newcastle United

From BBC SPORT: Sir John Hall insists billionnaire businessman Mike Ashley is the right man to take Newcastle forward.

Hall, 74, sold his 41.6% stake in the club on Wednesday as Ashley stepped up his takeover bid.

"We've had quite a few people come to us, but many of them weren't right," Hall told BBC Radio Newcastle.

"I feel Ashley and his team are right. He'll take us to a new dimension. I'm certain he'll be good for the club or I wouldn't have sold to him."

Ashley purchased the Hall family's stake for £55m with the ultimate aim of clinching a complete £133.1m buy-out of chairman Freddy Shepherd and the remaining shareholders.

"We probably ran out of ideas a bit. There's no room for old men. I've got a lot of experience but it's a young man's game"
Sir John Hall

read>>> £55m buys billionaire a big stake in club's future

Newcastle United official club website

The Newcastle United stock reacts favorably on the LSE to the news.