The Big Banks Taking Over Football Clubs

Big banks step up big time to help fund astronomical prices for football clubs the Premier League's back. Chelsea set a world record for a sports franchise five point two billion dollars in a deal banked by Goldman Sachs and Deutsche Bank it's a Chelsea thing not to be outdone arguably the most successful of the English clubs Manchester United is up for bids which are expected to shatter the Chelsea record and quite possibly top eight billion dollars very much this stock was trading at around four billion in terms of market cap so it would be a 50 percent premium The bids came in at the end of last week with a Qataris consortium relying on Bank of America and rival bidder British billionaire Jim Ratcliffe turning to Goldman Sachs