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    Carlos Slim buys stake in Mexican soccer

    Weather130
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    Carlos Slim buys stake in Mexican soccer Empty Carlos Slim buys stake in Mexican soccer

    Post by Weather130 Fri Sep 07, 2012 2:33 pm

    Billionaire Carlos Slim, called the world's richest man from 2010-2012 by Forbes magazine, waded into Mexican league soccer this week with the official announcement that he would acquire a 30-percent stake in Grupo Pachuca, which owns the teams of Pachuca and Leon.



    On Thursday the league held a press conference in Mexico City to announce TV transmission rights in Mexico for the Leon home games, which will be via UnoTV, the news and video channel Slim owns. It is anticipated that next year, once Pachuca's contract with competitor TV Azteca ends, that the team will follow Leon's suit.

    Slim's phone company, America Movil SAB, started the online news service, UnoTV, earlier this year, with a focus on Guadalajara, Mexico's second largest city.

    "We feel very honored to have our new board member with us," said Grupo Pachuca president Jesus Martinez via press release.

    Analysts speculate that Slim and his family have no interest in owning a professional soccer team, or they would have invested long ago. Mexican soccer analysts believe the move was done to provide Slim with content for his media venture.

    Slim and America Movil are currently locked in a battle with TV companies Televisa and TV Azteca, both of whom are claiming that America Movil needs a government license to offer video programming over the America Movil phone network. Slim, meanwhile, has insisted that while he can't offer cable service, he needs no permit to produce video for the internet.



    The permits, however, have not proceeded even though Mexico's FCC (Cofetel) granted its recommendation or 'default affirmation' to allow the phone company to provide services of restricted television.

    Can money alone create a world class football league? I guess we just might get that answer very soon, it should be interesting to see what happens. The Mexican league is almost certainly the best in North America but not good enough that I would hunt around the internet or whereever needed to find games to watch.
    Anonymous
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    Carlos Slim buys stake in Mexican soccer Empty Re: Carlos Slim buys stake in Mexican soccer

    Post by Guest Fri Sep 07, 2012 2:41 pm

    Carlos Slim is not going to put in any of his money into the leauge as a whole. So I don't understand where you question comes from.

    In reality he's just doing it so he can broadcast these team's home matches over the internet.

    It's ironic how Televisa, Azteca and Slim are fighting each other. It's like watching Hitler, Stalin and Hussein mud wrestling.

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