Back in October, I reported on how billionaires were taking over England's Premier League, the most watched soccer league in the world. The article focused on how Sheikh Mansour of Abu Dhabi had pumped billions into also-ran Manchester City in an attempt to take-over English soccer from cross-town rivals Manchester United own by the American billionaire Glazer family.
Two London teams, Chelsea and Arsenal, are still in it to win it. Like Nick Hornby, I am an Arsenal supporter who lives close to their stadium. The schadenfreude in my neighborhood this morning tastes wonderful.