In 2004 Joorabchian founded Media Sports Investments to take over Brazilian football club Corinthians in 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.
Joorabchian founded Media Sports Investments to take over Brazilian football club Corinthians in 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. This was in 2004.