From the category archives:

Sportspeople

Sportspeople

Portuguese footballer, Cristiano Ronaldo, became the most expensive player in football history when English Premier League club Manchester United sold the star player to Spanish club Real Madrid for a record £80 million.

That’s a pretty big leap, after Manchester United boss Sir Alex Ferguson signed the then 18-year-old for the relative bargain price of £12.24 million back in 2003.

Ronaldo has seen more than his fair share of successes since then. In 2008, Ronaldo won his first UEFA Champions League title, and was named player of the tournament. He was also named the FIFPro World Player of the Year and the FIFA World Player of the Year, in addition to becoming Manchester United’s first Ballon d’Or winner in 40 years.

And with loads of money and great success comes celebrity status, and Ronaldo certainly does have a taste for the celebrity high-life. The 24-year-old has been spotted sipping champagne and canoodling with the likes of Hollywood socialite Paris Hilton. Somewhat more infamously, he also wrote off his Ferrari 599 GTB Fiorano in a tunnel near Manchester Airport, four days before becoming the first Premier League player in football history to be named the FIFA World Player of the Year.

But whether he’s playing the field on or off the football pitch, there’s no denying Ronaldo’s star quality… or his millions.

alex View Comments
Sportspeople

Did someone say ‘financial crisis’? Well, it seems as though that concept is foreign to the world’s most valuable soccer teams. Forbes’ calculations show the top 25 teams in the world are now worth, on average, a staggering US$597 million, eight per cent more than the previous year.

These clubs posted operating income of US$42 million during the 2007-08 football season, which is 20 per cent more than the top 25 clubs earned the previous year.

10. Schalke 04
Current value: US$510 million

Schalke 04

Based in the German coal fields of the Ruhr valley, Schalke 04 won seven German championships between 1933 and 1942.

It struggled in post-war Germany, being relegated three times to the second division, until its fortunes revived in the 1990s.

The club won the UEFA cup in 1997, qualified for the Champions League in 2001 for the first time, and moved into one of Europe’s most modern stadiums. The team is still trying to win an eighth domestic championship.

A new German television deal is boosting club’s revenue, along with selling out Veltins Arena (the brewer is parent and naming-rights sponsor). The team is locked up with Gazprom on a shirt sponsorship deal that will reportedly pay as much as US$180 million over five years.

Champions League quarterfinalists in ‘08, Schalke 04 was out early in ‘09.

9. Juventus
Current value: US$600 million

Juventus

Founded by Turin high school students, Juventus was turned into the most successful team in Italy by the Agnelli family fortune.

In one 15 year spell (1972 to 1986), Juventus won all of the most important international competitions, a feat matched only by Ajax.

Juve and Internazionale were the only clubs never to have been relegated from Serie A since the league’s formation in 1930 — until the 2006-07, season when Juve was demoted to Serie B in punishment for match fixing.

Juventus was promoted back to Serie A last year following scandal and demotion. Eligible for the Champions League this year, the team is building a new, mid-sized stadium, the naming rights of which are already sold.

8. Chelsea
Current value: US$800 million

Chelsea

Since buying the debt-ridden west London club in 2003, Russian oil tycoon Roman Abramovich has used his billions to stack Chelsea with some of the world’s finest players—and earn his team the nickname Chelski.

Chelsea’s makeover brought them instant domestic success, including back to back Premiership titles, but a Champions League trophy for the Blues’ surprisingly bare trophy cabinet is the minimum return expected for Abramovich’s investment.

Chelsea is currently more than US$700 million in debt.

7. Barcelona
Current value: US$960 million

Barcelona

Passionately proud flag bearers for the Catalonian region of Spain, Barca perpetually battles with archrival Real Madrid to be the country’s top team.

Barcelona has won the Spanish Cup more times than any other team and is also the only club to have played in every European Cup since the competition started in 1955.

However, Barcelona has often struggled in the Spanish league, winning the title only 18 times, although eight of those wins have been since 1990.

The Champions League semifinalists are investing in a Major League Soccer team in Miami to grow U.S. presence and investing US$400 million to redevelop its old stadium.

6. AC Milan
Current value: US$990 million

AC Milan

Originally established by English expatriate Alfred Edwards as the Milan Cricket and Football Club, AC Milan has had a fierce rivalry with Internazionale (aka Inter Milan) ever since their spilt in 1908.

The Rossoneri, as they are called colloquially, emerged as a European force in the late 1980s with the signing of Dutch stars Marco Van Basten and Ruud Gullit, and remain one of Europe’s top teams, noted for a formidable defence.

5. Liverpool
Current value: US$1.01 billion

Liverpool

Liverpool dominated English and European football in the 1960s through the 1980s under legendary manager Bill Shankley and his successors.

However, the club is marred by the fatal disasters at the Heysel and Hillsborough stadiums in 1985 and 1989, which took the lives of 39 and 96 spectators, respectively. An unexpected European Champions title in 2004-05 helped raise fans’ spirits.

The credit crunch forced the club’s owners to halt plans for a new stadium last year.

4. Bayern Munich
Current value: US$1.11 billion

Bayern Munich

Long a powerful force in German football, Bayern Munich’s golden age was in the late 1960s to mid-1970s, when the team, led by Franz Beckenbauer along with striker Gerd Müller and goalkeeper Sepp Maier, won three successive European Cups from 1974 through 1976.

The current team remains a perennial force in Europe, if not quite top-tier. The club also has one of Europe’s most dramatic stadiums as its new home - the Allianz Arena.

The team missed the Champions league but made it to the semifinals of the Union of European Football Associations (UEFA) Cup. Bayern Munich has a debt-free balance sheet, and last year it bought a 50 per cent stake in its stadium that it did not own, which will increase their revenue this season.

3. Arsenal
Current value: US$1.2 billion

Arsenal

Originally a team of munitions workers from southeast London before moving to north London, Arsenal’s most successful period was in the 1930s, when under the management initially of Herbert Chapman, it won five English league titles and two cups.

Now under the guidance of Frenchman Arsene Wenger, Arsenal finished in the top two of the English league for eight straight seasons but is now undergoing a transition, having left its revered Highbury home for its new Emirates stadium, and bringing on a younger generation of players.

The London club sold out the new Emirates Stadium in its second year, despite increased ticket prices, and finished third in English Premier League (EPL).

Naming rights pay the club an average of US$18 million a year through 2021, which should help pay stadium debt. There are 50,000 fans on the waiting list for season tickets.

2. Real Madrid
Current value: $US1.353 billion

Real Madrid

Real Madrid is Spain’s most successful football team, and with a record nine European Champions Cups, is also one of Europe’s most acclaimed soccer clubs.

The club’s long success on the field, immense financial resources and history of acquiring superstars makes Real Madrid a magnet for players and fans alike.

Despite the loss of their jersey sponsor BenQ Mobile, these Spanish champions are in the second year of a US$1.4 billion, seven-year TV deal. And recent stadium improvements mean more luxury suites and hospitality revenue this season.

1. Manchester United
Current value: US$1.87 billion

Manchester United

Manchester United is the richest football club in the world, thanks to shrewd marketing to a worldwide fan base.

The Red Devils have won 17 English league championships - nine since the start of the Premiership in 1992. Their dominance of English football has been challenged, but not eclipsed by Liverpool, Chelsea and Arsenal.

Currently, the thrice European champions are benefiting from the first year of a new Premiership TV deal.

The club was bought by Tampa Bay Buccaneers owner Malcolm Glazer in 2005.

alex View Comments
Entertainment

The cash continues to roll in for the world’s highest-paid athletes, according to Forbes’ 2009 list. Knee injuries, retirement, and even global recession can’t do anything to stop these money-making machines from upping their millions.

10. Dale Earnhardt Jr
Worth: US$34 million

Dale Earnhardt Jr

Dale Earnhardt  Jr was chosen as Nascar’s most popular driver for a sixth straight year in 2008, despite winning only one race during the past two seasons.

His merchandise sales were twice the total of any other driver. Earnhardt’s biggest personal sponsorship deals are with Adidas, Chevrolet, Polaris, Wrangler and Nationwide Insurance, which he added this year.

9. Valentino Rossi
Worth: US$35 million

Valentino Rossi

Valentino Rossi, aka “The Doctor”, won his eighth World Championship in 2008 after two straight years of falling short of the title.

Rossi, undoubtedly the biggest star in motorcycle racing, earns US$16 million annually from his contract to ride for Yamaha, and his earnings more than double when you count licensing income, bonuses and endorsement deals with the likes of energy drink Monster.

6. Manny Pacquiao (tie)
Worth: US$40 million

Manny Pacquiao

Manny “Pac-Man” Pacquiao stolethe boxing spotlight over the past year with victories in two blockbuster fights against Oscar De La Hoya in December and Ricky Hatton in March which, combined, generated more than US$100 million in pay-per-view revenue in the U.S.

A member of Time magazine’s 100 Most Influential People, Pacquiao plans to run for political office when his days in the ring are over.

6. Phil Mickelson (tie)
Worth: $US40 million

Phil Mickelson

Taking a back seat to  Tiger Woods on the golfing circuit buggy has proven profitable for the world’s second-ranked golf player, Phil Mickelson.

Mickelson’s most lucrative deal is with Callaway, which signed Mickelson to a five-year extension this year. His other sponsors include such big names as Barclay’s, Exxon, KPMG and Rolex.

Mickelson has won US$54 million in prize money during his career, ranking third all-time behind Woods and Vijay Singh.

6. LeBron James (tie)
Worth: $US40 million

LeBron James

The NBA’s Most Valuable Player (MVP), LeBron James led the Cleveland Cavaliers to the league’s best record and had a playoff performance for the ages this year, but his team was bounced from the playoffs by Orlando Magic in the Conference Finals.

His free agency next summer has teams tripping over themsleves to get a slice of the action and signKing James. The Cavs can offer the biggest contract under NBA salary rules, but James might go in search of a bigger market.

5. David Beckham
Worth: US$42 million

David Beckham

Becks is no longer the best player on the football pitch, but he is still the most famous, which is why companies like Adidas, Giorgio Armani and Motorola pay him millions for his endorsement.

Beckham spent five months on loan this year playing for AC Milan before returning to play for Los Angeles Galaxy.

2. Kimi Raikkonen (tie)
Worth: US$45 million

Kimi Raikkonen

Kimi Raikkonen, Formula One’s highest-paid driver, finished a disappointing third in the World Championship standings last year after winning the title in 2007.

This year has brought even worse luck for the Iceman, who sits in 10th place in the current standings. Ferrari resigned Raikkonen in September to a one-year contract extension, keeping the Finn behind the wheel for Ferrari through 2010.

2. Michael Jordan (tie)
Worth: US$45 million

Michael Jordan

Michael Jordan retired as a basketball player for the third and presumably final time six years ago, but he is still the most famous athlete in the United States. The Jordan Brand is approaching US$1 billion in sales for Nike, which turned Jordan into a marketing phenomenon.

Jordan is also on the short list of potential buyers for the Charlotte Bobcats, where he is head of basketball operations and a minority owner.

2. Kobe Bryant (tie)
Worth: US$45 million

Kobe Bryant

Kobe Bryant, known as “The Black Mamba”, secured his place among the NBA’s all-time greats when he won his fourth NBA title with the Los Angeles Lakers in June.

Bryant’s popularity reached its peak as his No. 24 jersey became the top seller in the U.S., Europe and China. Bryant’s huge US$21 million Lakers salary is complemented withendorsement deals with Nike, Upper Deck, Activision and VitaminWater.

1. Tiger Woods
Worth: US$110 million

Tiger Woods

Tiger Woods has earned almost US$900 million in prize money, endorsements and appearance fees during his 13-year professional golf career, and next year is poised to become the first athlete in history to earn US$1 billion during a career.

Woods racked up more than twice the earnings of any other athlete over the past 12 months, despite being sidelined for eight months after knee surgery, thanks to lucrative endorsement deals with the likes of Accenture, Gillette and Nike, as well as a thriving golf course design business.

alex View Comments