Premier League revenues for the 2013/14 football season rose significantly to cross the £3bn milestone for the first time, while Chelsea’s revenue alone was £348.3m.“The transformation of Premier League club profitability will fuel even greater global investor interest in Premier League clubs,” said Dan Jones, head of Deloitte’s Sports Business Group. This underscores just how lucrative the sport is, and Chelsea boss Roman Abramovich was found to be the Premier League’s second richest club owner – while his £7.9bn worth also makes him one of the world’s wealthiest men. It’s not just football that has fuelled the Russian businessman’s bank balance, however. He has invested in everything from toys to pig farms to oil and beyond to generate his wealth. He’s also part of steel and mining business Evraz, commanding a 31 per cent share of the company. And while many companies are often struggling to secure finance and the faith of investors, the billionaire’s London-headquartered outfit has successfully secured a £45m loan. UK Export Finance (UKEF) rules require that just 25 per cent of a loan must support jobs in Britain, thus a portion of the capital will be used by Evraz to contract Primetals Technologies to enhance its steelmaking facility in Canada.
Read more on securing finance:
- Entrepreneurs are increasingly starting businesses on a shoestring budget
- Interest in SEIS spikes as record number of startups apply for investment scheme
- 10 sources of funding for your business when the banks say “no”
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