The Sunday Times annual ‘rich list’ has produced the following for 2012 (the list also includes people like Bernie Ecclestone who have sold major shareholdings in recent times)….
1. Lakshmi Mittal (QPR) £12,700m
2. Alisher Usmanov (Arsenal) £12,315m
3. Roman Abramovich (Chelsea) £9,500m
4. Joe Lewis (Spurs) £3,000m
5. Bernie Ecclestone (QPR) £2,500m
6. Mike Ashley (The Toon) £1,750m
7. Mohamed Al-Fayed (Fulham) £1,300
8. Lord Ashcroft (Spurs) £1,200
8. Lord Grantchester (Everton) £1,200
10. Peter Coates (Stoke) £800m
10. Lord Sugar (Spurs) £800m
The fact the list doesn’t include Manchester City’s owner(s) is a bit puzzling but the one definite is that English football attracts a lot of wealthy people.
The idea that wealthy people will automatically throw large amounts of money at a football club is disproved right across the premier league, not just at Newcastle.
In fact before Tony Fernandes stepped in at QPR, the trio of Briatore, Ecclestone and Mittal made up a massively wealthy trio, though they chose to run the club in very much a hand to mouth existence.
Naturally we are all waiting to see whether Financial Fair Play (FFP) actually has any major effect on clubs.
I believe it is only a matter of time before a club like Chelsea or Manchester City, or Real Madrid or Barcelona, reacts to poor form by splashing cash that is way over their income, we’ll then see whether UEFA will show their teeth.