Monday, 20 May, 2024

Newcastle’s £300m Saudi takeover will see them knock Manchester City off top spot


Newcastle United are closing in on a major takeover deal that could see them top the table for the wealthiest owners in the Premier League.

Saudi Arabian Public Investment Fund (PIF) is looking to take over the Magpies from Mike Ashley in a £300million transaction.

The proposed Saudi Arabian deal would see Manchester City, one of the most valuable sporting franchises in the world, knocked off the top spot.

Topping the Premier League rich list is quite the feat as England’s top-flight generates 72 per cent more revenue than its nearest competitor, the Bundesliga in Germany.

Sportsmail has ranked the owners of every club by their estimated wealth based on Newcastle’s lucrative takeover going through.

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

British brothers Simon and David Reuben – billionaire property developers with North-East links – are said to be taking a 10 per cent stake in the club – but the big money is arriving from Saudi Arabia.

That 10 per cent for the Reuben brothers will be the stake that Amanda Staveley is currently holding.

The remaining 80 per cent will be taken by Saudi Arabia’s Public Investment Fund (PIF), which is said to control assets worth £320bn.

2. Manchester City – Sheikh Mansour (£23.3bn)

Sheikh Mansour has turned Manchester City into one of the world’s biggest sporting franchises having taken the club over in 2008.

Since arriving to replace former Thai Prime Minister Thaksin Shinawatra, City have gone on to win four English Premier League titles, four League Cups and two FA Cups.

Such success has caused City Football Group’s value to skyrocket to £4.8bn – making them one of the most valuable sporting franchises in the world

Mansour, the deputy prime minister of the United Arab Emirates, has spent more than £1.6bn over the first decade of owning the club.

He is chairman of the International Petroleum Investment Company and also has a stake in Richard Branson’s space tourism programme, Virgin Galactic.

3. Chelsea – Roman Abramovich (£9.6bn)

Roman Abramovich bought Chelsea in 2003 for £140m when the club was on the brink of bankruptcy. 

The 51-year-old billionaire has transformed the English outfit into one of the biggest and best clubs in the world through his enormous investment in the squad.

With a portfolio of assets worth £9.6bn, he has earned the reputation as one of the richest men on the planet.

Abramovich made his fortune in the oil business, selling his stake in the Russian gas company Gazprom in 2005. He still owns stakes in steel and nickel companies among his other business ventures.

4. Arsenal – Stan Kroenke (£6.8bn)

The Missouri billionaire is a real estate and sports mogul with an international portfolio. He married Walmart heiress Ann Walton in 1974 and later founded Kroenke Group in 1983.

His sports empire also includes the LA Rams (NFL), Denver Nuggets (NBA), Colorado Rapids (MLS), Colorado Avalanche (NHL) and Arsenal FC.

He first became involved in Arsenal in 2007 before assuming majority control in 2011.

5. Wolves – Guo Guangchang (£5.2bn)

Guo Guangchang took over Wolves in 2016 after making a substantial investment in the club.

He is chairman of the Fosun Group and turned the company into an insurance-focused investment group.

Fosun’s investments range from steelmaking to mining, tourism and pharmaceuticals.


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