Abramovitch's Purchase of Chelsea Sparked a Billionaire's Arms Race

Chelsea won their first ever champions league in two thousand and 12 last night. It was just one of 21 trophies they've amassed under abramovitch for labor. With cash raining down on the squad, chelsea was scooping up silverware left, right and centre. So much so that the league's traditional power houses, liverpool, managed the united and arsenal, were left wondering how they could compete. To be champions, you now needed much deeper pockets, and ones that would pass the new owners and directors test introduced by the premier league. American millionaires saw an opportunity to export the business model that works so well in american sports to english football leagues without promotion or