Basing on information available on internet, here is a reality check on some Asian owners and European football clubs:
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Racing Santander, La Liga: its
Bahrain based Indian tycoon Ahsan Ali Syed, with a fortune estimated around $8 billion and co-founder of Western Gulf Advisory (an asset management/investment company), simply disappeared after much fanfare of buying Racing Santander.
The players were not paid and refused to play the second leg of Cup match.
Con-man of a loan scam? Or sugar daddy? He tried but failed to buy Blackburn, boasted to bring RS to challenge Real Madrid and Barca.
http://www.dailymail.co.uk/sport/fo...ticle-1367286/Racing-Santander-owner-Ahsan-Ali-Syed-spotlight--Pete-Jenson.html.
In 2014 Switzerland issued an arrest warrant for Ahsan Ali Syed over charges of
fraud and money laundering in relation to Western Gulf Advisory.
(Btw, Mr. Bee's best pal Pablo Victor Dana is a Director of Asset Management for a company called Twenty Two Investment Ltd., same type of business as Ahsan Ali Syed. He is rumoured to be a potential CEO/CFO of Milan.)
RS relegated from 1st Division to 2nd D and then to 3D.
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Birmingham City, EPL:
Carson Yeung, a ex-Hong Kong hairdresser-turned-Birmingham City owner, was sentenced for six years in March, 2014 for
money-laundering in the range of HK$ 720 million. (Case details in Chinese:
http://money.163.com/keywords/6/6/67685bb68bda/1.html.)
He bought the club in July, 2007 via Hong Kong Stock Exchange (SEHK)-listed company Grandtop International Holdings Limited (GIH).
(Internet rumours says our new owners proposing to list Milan also on SEHK?)
The club was relegated from the EPL in 2011 to England's third tier.
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Blackburn Rovers, EPL: bought in November, 2010 by
Indian poultry firm Venky's for 23 million pounds. Under the new ownership, Venky’s was voted by fans as the worst owners in the English league, the club was relegated in 2012. By 2015, it has had a £30 million written off the estimated value of players, and £83 million drop in shareholder value since 2011.
http://www.roverstrust.com/2015/01/...015/01/19/blackburn-rovers-accounts-reveal-true-financial-horror-venkys-regime/
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Cardiff City, EPL: purchased 30% of the club in May 2010 by
Malaysian tycoon Vincent Tan with a consortium of Malaysian investors. His net worth is estimated around US$1.3 billion and his business include gambling. He angered "the fans of Welsh club Cardiff City, nicknamed "the Bluebirds", when he changed their kit colour from blue to red, saying it was a luckier colour." (2015 the colour is reversed back to its original blue.)
This is not all. In October 2013, Tan suspended the club's head of recruitment for overspending by £15 million during the summer transfer window, and replaced him by Alisher Apsalyamovby, a 23-year-old Kazakh who was previously on work experience with the club and is a friend of Tan's son for a few months.
It is said he has spent £140 million in his four year ownership. After 51-year the club was promoted to EPL in 2013, Tan publicly stated his interest in listing his 36.1% stake on the Kuala Lumpur Stock Exchange (KLSE) apart from promised spending of £25 million. The public offering (IPO) "hit aregulatory snag over the team's weak cash flow."
End of 2013/14, Cardiff was relegated.
Tan owns Bosnian club FK Sarajevo.
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Queens Park Rangers, EPL:
Malaysian airline entrepreneur Tony Fernandes became is the majority owner of the club after bought off Bernie Ecclestone's 66% stake for around £35m. (Indian billionaire steel magnate Lakshmi Mittal owns a 30% stake in the club. A toy for his son-in-law.)
So far money has been spent, great results (champions) have not arrived, and chaotic from previous era under Flavio Briatore stewardship remains.