Geographies of the Super-Rich

Geographies of the Super-Rich

Edited by Iain Hay

This timely and path-breaking book brings together a group of distinguished and emerging international scholars to critically consider the geographical implications of the world’s super-rich, a privileged yet remarkably overlooked group.

Chapter 10: The sport of kings, queens, sheikhs and the super-rich: thoroughbred breeding and racing as leisure for the super-rich

Phil McManus

Subjects: economics and finance, regional economics, geography, economic geography, human geography, urban and regional studies, regional studies

Extract

If geographies of the super-rich is an area of study that appears to have been largely ignored (Hay and Muller 2012), then the work that has been done within this field of study has generally overlooked the important activity of leisure as an area of critical inquiry. This is particularly noteworthy given the potential time and financial resources that the super-rich have at their disposal to engage in leisure activities, and the significance of their involvement in changing the character of the leisure activities in which they choose to engage. One of the few studies of super-rich leisure appeared in Forbes Magazine (Hesseldahl and Dubow 2000), where the purchase of private jets, yachts, artworks and sports teams was noted among the Forbes 400 rich list. These included American football and basketball teams (Microsoft cofounder Paul Allen owned the Seattle Seahawks and the Portland Trailblazers) while in 1999 Texan billionaire Robert McNair spent US$700 million building a new team, the Houston Texans, to bring football back to Houston after the departure in the late 1990s of the Houston Oilers to Nashville to eventually become the Tennessee Titans.

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