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November 1, 2008

Amit Bhatia is one of a growing number who are investing in their own sports team. However, Lakshmi Mittal’s son-in-law explains why it’s not about money to Marc Smith

While many wealthy individuals are happy to leave their lifestyle investments at the latest sports car or superyacht, some prefer to pour their money into what is rapidly becoming the ultimate status symbol – buying a sports team.

From George Steinbrenner's purchase of baseball's New York Yankees to Mukesh Ambani's Mumbai Indians cricket team, the world of sport is awash with billionaires hoping to create an intoxicating but often elusive mixture of profit and sporting success.

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