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Muckety movers - Global team ownership

By Muckety

September 29, 2009 at 10:38am
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The latest example of industries gone global? Sports.

Last week, Russian billionaire Mikhail Prokhorov bought a majority interest in the New York Nets (already dubbed “The Nyets”).

Prince Faisal bin Fahd bin Abdullah Al Saud of Saudi Arabia has confirmed that he is negotiating a 50-percent share in the Liverpool Football Club, which is owned by Americans Tom Hicks and George Gillett.

As Reuters notes, United Arab Emirates’ investor Sulaiman al-Fahim last month bought Portsmouth football club, and the Abu Dhabi United Group bought Manchester City last year.

Chinese investors hold 15 percent of the Cleveland Cavaliers while the majority owners of the Seattle Mariners are former Nintendo exec Hiroshi Yamauchi and Nintendo USA.

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