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English Football and Its Economy

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English Football and Its Economy
Introduction

In English 92 professional football clubs are registered in 4 divisions. There are 20 clubs in the Premiership League, which is the first division league, below Premiership League, there is a League called Championship League, which is the second division league and there are 24 teams, the third division league is called League One even though it is not the first division and there are also 24 clubs, and the bottom league is called League Two and 24 teams are registered. Today, it is said that the English Premiership League is the wealthiest league in the world. If you are football lover Roman Abramovich is the name you would certainly know, who is one of the most famous owners in England or even in the world. He was named Person of the Year in 2003, and now he is ninth richest person in Russia and fifty-third richest in the world. He is estimated to have had invested in Chelsea Football Club more than 440 million pounds since he took over in June 2003 until January 2006. Moreover, Abramovich spent 50 million pounds for a record British transfer fee on Spanish footballer Fernando Torres in January this year. There was also big takeover of the club ownership in August 2008. Manchester City Football Club was purchased by Abu Dhabi United Group who is a United Arab equity company owned by Sheikh Mansour bin Zayed Al Nahyan, member of the Abu Dhabi Royal Family and Minister of Presidential Affairs for the UAE. After the takeover they immediately signed high profile players such as Robinho for a British record of 32.5 million pounds at that time. Following year Manchester City spent more than 100 million pounds on players. For one of the most famous football club Manchester United Football Club, they are ranked the third richest football club in the world. English football is not all about money. Of course the quality of football is undoubtedly at the top level but what is making English football more exciting is football fans in England. It is
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