PL’s top 10 richest owners as Saudi-funded Newcastle takeover nears completion
Saudi Crown Prince Mohammad Bin Salman is primed to prise Newcastle United away from owner Mike Ashley as a £300m takeover of the club inches ever closer.
Bin Salman heads a consortium which involves Saudi Arabia's sovereign wealth fund along with British billionaire businessmen, the Reuben Brothers.
Amanda Staveley is the woman in charge of the negotiations with Ashley and the person who after being given the go-ahead by the prince, has put an offer on the table.
Staveley has previous, she was involved in the takeover of Manchester City by the Abu Dhabi United Group in 2008 and since then City's rise to the top has been nothing short of spectacular.
So, is it time for the Toon Army to get excited? Well, yes. Bin Salman is ready to end Ashley's turbulent 13-year reign and bring serious financial clout to the North East, a net worth of £7bn to be exact.
Such untold riches would place him fourth on the Premier League owner's rich list and thrust Newcastle back amongst the top-flight's biggest hitters.
Bin Salman would slide in at number four on the list but which of the Premier League's money men make up the rest of the top 10 richest owners?
Gao Jisheng – Net worth: £3.1bn
The Chinese real-estate tycoon bought the club for £210m three years ago, but Southampton have struggled since he took over, forever hovering above the relegation zone.
These on the pitch troubles look likely to trigger Jisheng's departure from St Mary's and he outlined his desire to leave by placing a £250m asking price on the club in March.
9. Manchester United
The Glazer family – Net worth: £3.6bn
Given Man Utd's status as one of the biggest clubs in the world, it is perhaps surprising to see the Red Devils so low down on this list.
Its been far from plain sailing for the Glazers. They weren't exactly greeted warmly when they took full control in 2005, with some fans splintering off and forming FC United of Manchester in protest.
Calls for the Americans to sell the club have heightened in recent seasons but their £1bn valuation of United has acted as a stumbling block for potential suitors.
Joe Lewis – Net worth: £3.9bn
It may be chairman Daniel Levy who appears to pull the strings at Spurs but it is British businessman Lewis who is top dog when it comes to controlling the wealth.
Lewis is the main investor in the Tavistock Group and recently hit the headlines amid the coronavirus pandemic, having opted to furlough Spurs' non-playing staff instead of relying on his own funds.
Aiyawatt Srivaddhanaprabha – Net worth: £4.6bn
The Thai businessman took control of the travel retail group King Power and Leicester after his father, Vichai, tragically lost his life during a helicopter crash following a Foxes game in 2018.
Prior to his passing, Vichai had been the owner and after taking control of the club in 2011, he oversaw the club's fairytale 2015/16 Premier League title-winning campaign.
Fosun International/Guo Guangchang – Net worth: £5.4bn
Guangchang is the 50th richest man in China. He heads the investment group Fosun who bought then Championship side Wolves for £45m just under three years ago.
Since then, Wolves have earned promotion to the Premier League, finished seventh in the top-flight and have competed in Europe for the first time in 39 years.
5. Aston Villa
Nassef Sawiris and Wes Edens – Combined net worth: £6.6bn
The pair bought majority shares in Villa in 2018. Nassef is the 252nd richest man in the world and part of the richest family in Egypt who are estimated to have a combined fortune of £36bn.
Nassef is one of three brothers who control the Orascom group – a conglomerate which operates in tourism, construction and telecommunications.
American businessman Edens specialises in hedge fund management and as well as being a majority shareholder of Villa, he is also co-owner of NBA team, the Milwaukee Bucks.
Prince Mohammad Bin Salman – Net worth: £7bn
Bin Salman is part of the Saudi royal family and presides over the Public Investment Fund of Saudi Arabia. The fund will take control of 80% of Newcastle should a takeover materialise.
The prince's own personal wealth is valued at £7bn, but the collective worth of the PIF group is thought to be a staggering £260bn.
Stan Kroenke – Net worth: £8bn
In spite of his considerable wealth, the Gunners majority owner has come under fire when it comes to injecting money into the playing staff at the Emirates.
Compared to his rivals, Kroenke has been accused of being reluctant in the transfer market, much to the frustration of Arsenal's fans.
Especially, as the American entrepreneur seems more than willing to part with his cash when dealing with his assets on the other side of the Atlantic.
Kroenke's impressive club portfolio contains NFL team LA Rams, NBA outfit, the Denver Nuggets and Colorado Avalanche of the NHL, to name just a few.
Roman Abramovich – Net worth: £9.2bn
It seems like a lifetime ago since Ken Bates sold the club to Abramovich for £140m and ignited the player splurge that brought their club its first top-flight title in almost 50 years.
In fact, it was 17 years ago that the Russian came to the Premier League, his first marquee signing? None other than right-back Glen Johnson from West Ham for £6m.
A lot has changed since then, after ending their drought for a league trophy, the Blues have secured three more, won five FA cups and even claimed Europe's top crown.
Source: Read Full Article