European soccer is a bigger business than ever, with clubs in the continent's five top leagues raking in 20.4 billion euros ($23.7 billion) in revenue in the 2023-2024 season — and American investors have been eyeing a piece of that pie. U.S. investors now own, fully or in part, the majority of soccer teams in England's Premier League. That now includes four of the traditional Big Six clubs, with Chelsea, Liverpool, Manchester United and Arsenal all attracting U.S. investment. Rapid growth in revenues has been the key attraction. In the 1996-97 season, when the Premier League was established in England, revenues across the five biggest European leagues totaled 2.5 billion euros, according to Deloitte analysis. In 2023-24, that figure ballooned by 750%. That growth has led to sharp increase

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