Man City and Chelsea billionaires try to outdo each other with lavish parties

The Premier League’s richest football club owners Roman Abramovich and Sheikh Mansour have tried to outdo each other off the pitch with lavish birthday and New Year parties.

Chelsea owner Abramovich is holding his annual New Year's eve celebration at his estate in the Caribbean island of St Barts and has hired US rock legends Red Hot Chilli Peppers for a reported £5 million.

His guests will be rocking away from 10pm until 4am, at which time they will retire to a fleet of super-yachts to finish off their celebrations.

Sheikh Mansour has also thrown a lavish event, but instead of New Year's Eve, he has been celebrating his niece's 16th birthday.

The wealthy Manchester City owner paid Jay Z and Kanye West just under £4 million to perform for the girl, who is a daughter of an Arab billionaire, and other guests.

The rappers apparently played several songs at the shindig, which took place in Dubai just before Christmas.

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