A Russian billionaire is aiming for the first league
Everybody’s read the story of the Russian tycoon paying €20 millions a year to have football star Samuel Eto’o play in war-torn Dagestan. Yet that’s just a portion of the €1bn bill aiming at transforming Anzhi, the tycoon’s hometown club (emblem above), in a world-class football team. Suleiman Kerimov says it will stabilise a region wrecked by years of infighting and terrorism.
If I had to make a constructive comment on this... I’d say that’s definitely an interesting echo to the previous post (Ice Rage II). Showing that it’s not only state-owned companies, or listed corporations, that contribute to the growing flow of direct investment from emerging markets to the West. Now it’s also wealthy individuals. Some of them do it by buying chunk of Western territory (see Ice Rage II), some others invest in more mobile assets, like top-notch sportsmen. And soon it may extend to business leaders and hedge fund stars, and who knows, maybe central bankers and politicians too…, etc.
And then I’d add that it’s not just players who export themselves to the emerging world. It’s also clubs. Look at Manchester United, about to launch a stellar IPO in Singapore. Companies could start doing the same, shunning Western stock exchanges to court more generous shareholders in emerging markets…, etc.
But I’m not really trying to make a constructive comment here. All this is just an excuse to post a video of Eto’o first goal wearing the Anzhi shirt. It’s from a Moroccan channel, and worth every million.