Top five richest Premier League clubs

Newcastle are now at the head of the table after their takeover was completed earlier this month. A £300million deal was agreed in April 2020 for Ashley to sell the Magpies to a consortium fronted by Amanda Staveley, ending his controversial tenure at the club.

The Premier League rejected the consortium due to concerns over the relationship between the Saudi state and alleged TV piracy.infoguidenigeria

However, the deal was finally done soon after the news that Saudi Arabia plan to lift their ban on broadcaster beIN SPORTS.

But where do Newcastle’s proposed new owners rank up against billionaires of top England’s top-flight clubs?

Check out for yourselves below with figures from Olbg’s Richest Sport Club Owners list…

1. Newcastle – Saudi Public Investment Fund (£320bn)

The £300m deal to allow the Saudi Arabian Public Investment Fund fired them to the top of this list with an estimated £320BN net worth. The consortium is backed by the Crown Prince of Saudi Arabia, Mohammad Bin Salman – the country’s second most important position after the King.

The 36-year-old also serves as the country’s Minister of Defence and deputy prime minister and has a reported personal wealth in excess of £2.5billion. jamb result

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2. Man City – Sheikh Mansour (£22.9bn)

Mansour is the deputy prime minister of the United Arab Emirates and half-brother of current UAE president Khalifa bin Zayed Al Nayhan.

He is the chairman of International Petroleum Investment Company and also has a stake in Virgin Galactic. He also owns the Abu Dhabi Media Investment Corporation.

Mansour completed a takeover of the club in 2008 and has poured huge investment into the club. Since he became the Man City owner they have won five Premier League titles.

3. Chelsea – Roman Abramovich (£9.6bn)

Abramovich purchased Chelsea for £140m in 2003 and oversaw a huge investment in the squad that has brought great success to the club.

He sold his stake in the Russian gas company Gazprom in 2005 and owns stakes in steel and nickel companies among his other business ventures.

4. Arsenal – Stan Kroenke (£6.35bn)

Kroenke married Walmart heiress Ann Walton in 1974 and later founded Kroenke Group in 1983, which is a property development firm.

He first became involved in Arsenal in 2007 before assuming majority control in 2011. Kroenke also owns the LA Rams NFL team, which he relocated from St Louis in 2016.

5. Aston Villa – Nassef Sawiris (£5.3bn)

Sawiris replaced Tony Xia as Villa owner in July 2018 when he bought a 55 per cent controlling stake in the club.

He is from one of Egypt’s wealthiest families and owns numerous construction, engineering, and building companies.

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