Middle Eastern soccer investment: clubs skyrocket or dive
By James M. Dorsey
When the going is good, it’s really good. Just witness Manchester City’s rise from the doldrums to win the Premier League on the back of Middle Eastern oil dollars and Paris Saint Germain’s (PSG) steady march towards regained glory. But when it’s bad, it’s really bad as is evident from the struggles of Portsmouth FC, Malaga SC and Serv…
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