Premier League club, Newcastle United new owners are the richest club owners in the world which means that the club might soon emerge as one of the biggest clubs in Europe.
Newcastle United is now owned by a Saudi-led consortium that is comprised of Public Investment Fund (PIF), PCP Capital Partners, and RB Sports & Media. The consortium which is led by PIF is worth over £320 billion.
The consortium bought Newcastle United for £300 million. The purchase ended the reign of Mike Ashley who has been the owner of the club for over 14 years.
Ashley failed as the owner of the club to make investments that would make the club compete for major titles. Hence, he ended his reign without winning any major title for the Premier League club.
He only managed to oversee the relegation of the club on two different occasions, a development the supporters of the club were not happy about.
Now that the Newcastle United new owners are richer than the owners of the top 10 richest clubs in the Premier League, Newcastle United is expected to become a high-flying club in the coming seasons.
The new names that will control things at the Premier League side include Yasir Al-Rumayyan, the governor of PIF who will serve as non-executive chairman of Newcastle United, Jamie Reuben will serve as a director of the club, representing RB Sports & Media, while Amanda Staveley, the chief executive of PCP Capital Partners is now a director on the Newcastle board.
Al-Rayyan said: “We are extremely proud to become the new owners of Newcastle United, one of the most famous clubs in English football.
“We thank the Newcastle fans for their tremendously loyal support over the years and we are excited to work together with them.”
Newcastle United new owners are richer than owners of the 9 richest clubs in the world, see the list below
2. PSG £220 billion
After Newcastle United’s new owners, the second richest owner of a footballer club is Nasser Al-Khelaifi. The business empire the Qatari businessman represents at PSG is worth £220 billion.
- Manchester City £23.2 billion
The third richest football club owner in the world is Sheikh Mansour. The Emirati politician is worth £23.2 billion.
4. RB Salzburg/RB Leipzig £15.7 billion
The owner of Austrian club RB Salzburg and German club RB Leipzig is Dietrich Mateschitz. The German businessman is worth £15.7 billion.
- Juventus £14 billion
The fifth richest club owner in the world is Andrea Agnelli. The Italian businessman owns Juventus and he is worth £14 billion.
- Chelsea £10.5 billion
The 6th richest club owner in the world is the owner of Chelsea football club, Roman Abramovich. The Russian businessman is worth £10.5 billion.
- LA Galaxy £8.1 billion
The 7th richest football club owner in the world is the owner of Major League Soccer club, LA Galaxy, Philip Anschutz. The American businessman is worth £8.1 billion.
- Arsenal £6.8 billion
The owner of Arsenal football club, Stan Kroenke is the 8th richest club owner in the world. The American businessman is worth £6.8 billion.
- Inter Milan £6.2 billion
Zhang Jindong is the 9th richest club owner in the world. The Chinese businessman owns Inter Milan and he is currently worth £6.2 billion.
10 – Wolves £5.2 billion
Chinese businessmen, Liang Xinjun and Guo Guangchang are the owners of Wolves. They are said to be worth about £5.2 billion.