Newcastle United are aiming for the top of the Premier League following the takeover which ended Mike Ashley’s 14-years reign, the club’s new hierarchy have outlined their ambition to see the team competing for honours. It is reported that the new owners paid £305 million to buy Newcastle United from Mike Ashley.
Here is a list of the top ten richest football club owners:
Top 10 wealthiest football owners
1. Saudi Arabia Public Investment Fund – (£320bn)
The £305m takeover of the club is complete by a consortium which includes the Saudi Arabia Public Investment Fund. The PIF has the Crown Prince of Saudi Arabia, Mohammed bin Salman, listed as the Chairman. The state-owned fund has assets of around £320bn, making them the richest owners of a football club.
Newcastle will have an unlimited pipeline of funds to bring in the best players from the world to regain their glory days and challenge for trophies. The foreign investment will increase chances of success because the club previously did not have the finances to compete.
2. Qatar Investment Authority – PSG (£220bn)
Paris Saint-Germain are owned by a state fund. In June 2011, Tamim bin Hamad Al Thani, the Emir of Qatar, bought 70% of the club’s shares through state-run shareholding organization Qatar Sports Investments (QSI), a subsidiary of Qatar Investment Authority (QIA). Nasser Al-Khelaïfi is Chairman and CEO of Paris Saint-Germain and also the chairman of QSI.
Former tennis player Nasser Al-Khelaifi became friends with the emir of Qatar, Sheikh Tamim who is the head of sovereign wealth fund Qatar Investment Authority. An offshoot of the fund bought PSG in 2011, with Al-Khelaifi made chairman and CEO.
3. Sheikh Mansour – Manchester City (£21bn)
Mansour bought City in 2008 and turned them into one of football’s biggest clubs globally. He is the deputy prime minister of the United Arab Emirates and comes from Abu Dhabi’s royal family. Khaldoon Al Mubarak handles the day-to-day running of the club.
4. Dietrich Mateschitz – RB Leipzig and RB Salzburg (£15.7bn)
The founder of Red Bull who has invested his cash into sport. Has had a Formula One team since 2005, the same year he purchased what was then known as SV Austria Salzburg. He later founded RB Leipzig in 2009 and both teams are now Champions League regulars.
5. Andrea Agnelli – Juventus (£14bn)
The son of former chairman Umberto and was appointed to the role in 2010 to become the fourth member of the family to run the club. The Agnelli family made their fortune having founded Fiat in 1899 and also own Ferrari as part of the giant Exor group.
6. Roman Abramovich – Chelsea (£10.5bn)
Arrived in 2003 and turned them into Premier League winners in two years. His biggest business beforehand came in petrochemicals and oil trading, gaining a controlling stake in one of Russia’s largest oil companies Sibneft in 1995.
7. Philip Anschutz – LA Galaxy (£8.1bn)
Turned to sports after previously being involved in the family business of oil drilling. Helped found the MLS and has owned a whole host of clubs including the LA Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes and D.C. United.
8. Stan Kroenke – Arsenal (£6.8bn)
First brought shares in the Gunners in 2008 before increasing his stake in 2011. The American owns a number of sports teams including the LA Rams, Denver Nuggets and Colorado Rapids. His real estate development group specialises in shopping centres and apartments.
9. Zhang Jindong – Inter Milan (£6.2bn)
Despite Inter Milan’s recent financial issues they have one of the world’s wealthiest owners. Zhang, 58, is the founder and major stakeholder in retailer Suning and purchased a majority stake in the Italian giants through his own private holding company in 2016.
10. Guo Guangchang – Wolves (£5.2bn)
Purchased Wolves in 2016 and has helped turn the club into a Premier League side. Chairman of the Fosun Group who after expanded into healthcare and retail became one of the largest investments firms across the world.
The most utterly jaw-dropping statistic from the above-mentioned list is that Newcastle United’s new owners are worth more than 15 Sheikh Mansours as Manchester City’s tag of being the wealthiest club in the PL falls way short of Newcastle in the wake of the PIF’s new deal to take over the football club.