One of my fantasies is to own Celtic Football Club, a storied club based in Glasgow. So I can’t find it in me to outright criticize Sheikh Mansour bin Zayed Al Nahyan, who recently splashed out £81.6 million ($130 million) to buy Manchester City, a fairly ordinary English soccer club. Even that outlay plus the additional $800 million he’s spent since on player transfer and wages hardly makes a dent in the bank account of Sheikh Mansour who, according to Wikipedia, has a personal fortune of close to $54 billion and a family fortune of around $895 billion.
But the sheikh, part of the ruling family in Abu Dhabi (capital of The United Arab Emirates), could certainly have done better things with the money. For instance, with the (close to) $1 billion he has spent on Man City ...
