Three Russians in top-10 richest sports team owners
Russian businessmen Aleksey Mordashov, Roman Abramovich, and Mikhail Prokhorov are in the top-10 world’s richest sports team owners according to Forbes.
The owner of Severstal and Silovye Mashiny, Aleksey Mordashov, ranks third. Forbes estimates his wealth at $20.5 billion. Mordashov owns the Cherepovets hockey club Severstal, which plays in the KHL. The businessman is ranked 48th in the global ranking of the richest people according to Forbes, and the fourth in the Russian list.
The owner of the British football club Chelsea Roman Abramovich is in the sixth place with a fortune worth $12.4 billion. In March 2019, it was reported that Britain’s richest man, Jim Ratcliffe, offered Abramovich $2 billion to buy his team. The Russian billionaire refused the British. Abramovich’s representatives estimated Chelsea at $2.5 billion, but Ratcliffe did not find this price attractive. The British, who owns the Team Sky team, ranked seventh.
Mikhail Prokhorov, whose fortune is estimated at $9.8 billion, is in the 10th place. Prokhorov owns the New York basketball club Brooklyn Nets. In April, the businessman sold a 49% stake in the club to the Alibaba founder, Joseph Tsai. The amount of the transaction was not reported. In October 2017, ESPN estimated it at $1.1 billion. According to the transaction terms, in three years, Tsai will be able to increase his share in the club to the majoritarian one.
The richest owner of a sports team is the Indian industrialist Mukesh Ambani, whose fortune is estimated at $50 billion. The businessman owns the Mumbai Indians cricket team, which is one of the most successful in the Indian Premier League for this sports. In 2019, Ambani ranked 13th in the list of the richest people in the world.
In late June 2019, the management of Development Corporation Joint Stock Company established in 2012 on the basis of Industrial Urals–Polar Urals Open Joint Stock Company was changed. This infamous corporation was repeatedly involved in corruption scandals. Notorious oiler and millionaire Sergei Maslov was its General Director in 2013–2016. In fall 2016, Maslov was arrested for embezzlements – but somehow, the court acquitted him. Immediately after the acquittal, he relocated abroad. The CrimeRussia reviewed the main ‘failures’ of the ‘unsinkable’ corporation, shady schemes pulled off by Maslov and his partners, and connections of the oligarch who has made enormous money on governmental projects. Surprisingly, but the information presented below hasn’t attracted the attention of the law enforcement authorities yet.