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Arnold Palmer Golf Management tries to keep its courses out of the rough and on par with the best in the world. The company owns or manages more than 35 courses in more than a dozen states and offers services in acquisitions, franchising, joint ventures, leasing, and new course development. Golfing legend Arnold Palmer formed a company to manage golf courses in 1984. In 2005, former ClubCorp CEO Jim Hinckley acquired the Arnold Palmer Golf Management brand through Century Golf Partners, an operating partner of Chicago-based real estate investment firm Walton Street Capital.

Arsenal Holdings owns and operates Arsenal Football Club, one of the top soccer teams in the English Premier League. Known also as The Gunners, Arsenal was founded in 1886 and boasts 13 First Division and Premier League championships (its last in 2004) and 10 FA Cup titles. Arsenal also owns the team's home ground at Emirates Stadium where it has hospitality operations and retail outlets. Most of the company's revenue comes from ticket sales and broadcasting fees. An unquoted public company, Arsenal's major shareholders include US sports entrepreneur Stan Kroenke and Russian billionaire Alisher Usmanov.Arsenal Holdings PLC owns Arsenal Football Club, a competitor in the English Premiership and the primary source of its revenue. Arsenal Holdings' other interests are in property development, which accounts for slightly less than 25 percent of its revenue. Arsenal Football Club generates 35 percent of its revenue from broadcasting, 27 percent from gate receipts, and the balance from sponsorship deals and merchandise sales.

If you really had two left feet, wouldn't you just keep dancing to the left? Arthur Murray International would prefer not to find out. Originally famous for its "footprints" method of dance instruction (foot outlines placed on the floor, a method it no longer uses), the company franchises about 225 studios in approximately 15 countries. Dance lessons range in skill from beginning to competition-level dancing, and students can learn a variety of steps, including swing, samba, merengue, rumba, cha-cha, mambo, tango, and waltz. Founder Arthur Murray began teaching dance in 1912; he formed the company in 1946. The company consists of approximately 275 franchised studios in eight countries including the United States, Australia, Canada, Germany, Israel, Japan, Italy, and South Africa. Former staff members who have worked their way up in the company own and operate the franchised studios. These owners typically began their careers with Arthur Murray as dance instructors, realized the opportunity of operating a studio, and reached executive level. Arthur Murray staff members were eligible to become franchisees within just a few years of beginning as teachers. Sales for Arthur Murray International during the late 1990s amounted to an estimated $50 million.

Milan may have Da Vinci's Last Supper, but local soccer fans cheer for these artists on the pitch. Milan A.C. (known to English speakers as AC Milan) is one of the more popular and successful soccer teams in Italy's Lega Nazionale Professionisti (National Professional League), claiming 17 Serie A championships (its last in 2004) and 18 other international trophies. The club, known to supporters as the Rossoneri for their red and black jerseys, was formed in 1899 by British expatriate Alfred Edwards and is controlled today by Italian Prime Minister Silvio Berlusconi. Milan A.C. plays host at Stadio Giuseppe Meazza, more commonly known as San Siro.

Aston Villa plc is the publicly listed company governing the activities of England's Aston Villa Football Club and the Villa Park stadium in the city of Birmingham. A founding member of the Football League's Premier Division, Aston Villa is also among the first football (soccer) teams to become listed on the London Stock Exchange, joining such renowned teams as Manchester United and Arsenal in a run-up to what many consider will be a new era in sports marketing, when barriers to sports team ownership, notably by media corporations, are expected to fall. As such, Aston Villa has already entered a relationship with American cable television company NTL Inc., which has been building up its shareholding position in the more than 125-year-old team. The majority of Aston Villa's revenues, which neared £36 million in 2000, come from gate receipts. Broadcasting fees provide another 20 percent of annual sales, while merchandising and royalty receipts add 14 percent of the company's revenues. Aston Villa also operates conference and convention services, and expects to open its own hotel in the future. The company is also renovating its aging stadium, built in 1924, boosting the number of seats to 51,000. Aston Villa is led by chairman and CEO Herbert Douglas Ellis, who also owns some 33 percent of the company's stock.

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