Money talks in soccer. An influx of rich owners helped turn England’s Premier League into the world’s most lucrative national competition.
Chelsea won the title for the first time in 50 years in 2005 after its takeover by Russian billionaire Roman Abramovich. Saudi Arabia’s 2021 purchase of Newcastle United propelled it back into Europe’s elite Champions League after a two-decade absence. But the urge to splurge might yet tear the game apart.
Bloomberg Opinion