Kia Joorabchian Pronunciation, Clients, Players, Net Worth

Kia Joorabchian is an Iranian-born British-educated businessman largely known for his involvement in association football.

Although largely described in the press as a football agent, Joorabchian is not a licensed agent.

It should be noted that Joorabchian does not himself claim to be an agent, and once said; “I think the agency business is very different”.

Joorabchian, however, describes his business as advising players on their rights and clubs on transfers and contracts.

Joorabchian is also involved in the ‘third-party’ ownership of players and in respect of that, he often describes himself as an investment manager.

In October 2008, Joorabchian said, “I manage the investment group and obviously when the investment group is profitable, as fund manager, you also get a cut”.

In 2009 it was reported that the unnamed investors represented by Joorabchian were understood to own the economic rights to 60 or 70 players across Europe and South America.

Kia Joorabchian pronunciation

Kia Joorabchian player/clients

In 2004, Joorabchian founded Media Sports Investments to make a partnership with Brazilian football club Corinthians.

The partnership with Corinthians’s was a 10-year deal stipulating that MSI would provide $35 million –$20 million of which would cover debts– in return for 51% of future profits.

Kia Joorabchian moved to Brazil and changed the way Corinthians was run, increasing revenue by 500% in the first year.

A series of major signings followed MSI’s investment, including, most spectacularly, Carlos Tevez, who was signed from Boca Juniors for $22 million, an unprecedented amount for a transfer by a South American club.

These were players who were engaged to play for Corinthians but whose economic rights were partly or wholly owned by MSI.

By 2006 the company was listing as its investments not just Corinthians, but also the players Carlos Tevez, Marcelo Mattos, Gustavo Nery, Roger, Javier Mascherano, Carlos Alberto, Sebastián Domínguez and Marinho.

Kia Joorabchian net worth

An analysis of Joorabchian’s other business interests undertaken by the Financial Times in 2006 suggested that he was at that time a director of 10 UK companies.

However, many of them companies were lossmaking, including Karmaa Racing, a horse racing company, and Karmaa, a kick-boxing club in Chalk Farm, London.

Kia Joorabchian’s largest listed interest was at that time a car dealership, Greens of Rainham.

Kia Joorabchian has an estimated net worth of $100 million.