It seems as though it’s just a matter of time before the Mike Ashley reign at Newcastle United is over.
The Sports Direct retail king has owned Newcastle for 13 years and has established himself as public enemy No.1 at St. James’ Park.
But he’s now on the verge of selling the club for £300 million to PCP Capital Partners, headed by Amanda Staveley with the deal being backed by Saudi Arabia royal family’s Public Investment Fund (PIF).
Leading that PIF group is the Crown Prince of Saudi Arabia, Mohammed bin Salman, who is believed to be worth £260 billion.
A crazy amount of money, but how does he compare to the rest of the Premier League owners?
Well, talkSPORT have produced a league table based on the wealth of each owner.
Let’s take a look:
20. Norwich – Delia Smith and Michael Wynn-Jones (£23m)
Bottom of the real Premier League and bottom of the rich list league table. The joint majority shareholders purchased the club in 1996 and have seen the club rise and fall in that time.
Michael Wynn-Jones made his millions in the publishing industry while Delia Smith made her name as a cookery writer, author and television personality.
Let’s be ‘aving you.
19. Burnley – Mike Garlick (£62m)
Mike Garlick became sole chairman of the club when co-chairman John Banaszkiewicz stepped down in 2015.
Garlick is the founder and CEO of Michael Bailey Associates, a project management and consultancy company.
18. Watford – Gino Pozzo (£93m)
The Pozzo family bought Watford from Laurence Bassini in 2012 with son, Gino, having full ownership and control. His dad, who owns Udinese, made his money through the family business, tool-maker Freud.
17. Sheffield United – Prince Abdullah bin Musa’ed (£198m)
There is already a Saudi Arabian owner in the Premier League before Bin Salman’s arrival. He recently won a court battle against Kevin McCabe over the ownership of the club. He is the son of Prince Musa’id bin Abdulaziz Al Said and set up his own paper manufacturing company in 1989.
16. Bournemouth – Maxim Demin (£900m)
The Russian assumed full ownership of Bournemouth in 2013. The businessman owns two companies in the UK - Wintel – a petrochemical company – and Wintel Holdings Ltd.
15. West Ham – David Sullivan and David Gold (£1.2bn)
The infamous ‘Dildo brothers.’
David Sullivan made his money in porn, while previously owning the Daily Sport and Sunday Sport. Meanwhile, David Gold owns Gold Group International, the parent company of Ann Summers. He previously co-owned adult magazine company Gold Star Publications with his brother.
14. Brighton – Tony Bloom (£1.3bn)
Tony Bloom bought Brighton back in 2009 when they were in League One. They’re now Premier League regulars and have moved to a sparkling new stadium.
He earned his fortune from online gambling and gaming websites.
13. Everton – Farhad Moshiri (£1.5bn)
Previously on the board at Arsenal, Farhad Moshiri sold his stake in the club to buy Everton in 2016.
He owns and has shares in steel and energy companies in the UK and Russia.
12. Liverpool – John Henry (£2.1bn)
Fenway Sports Group purchased Liverpool in 2010 and has overseen a dramatic rise at Anfield. John Henry’s company also owns baseball’s Boston Red Sox.
Henry founded John W. Henry & Company, an investment management company.
11. Crystal Palace – Joshua Harris (£2.7bn)
Joshua Harris is the majority shareholder of Crystal Palace, owning an 18% stake. He is also the main shareholder of hockey side the New Jersey Devils and basketball team the Philadelphia 76ers.
He co-founded Apollo Global Management, a large investment firm.
10. Southampton – Gao Jisheng (£3.1bn)
Gao Jisheng bought Southampton in 2017 for £210 million. He founded Lander Sports Development - a real-estate company - but sold most of his shares last year.
9. Manchester United – The Glazers (£3.6bn)
The Glazers certainly don’t have the backing of Manchester United fans these days.
Malcolm Glazers bought shares in the club between 2003 and 2005 to complete his takeover. He established his wealth property, banking and healthcare.
Since his death in 2014, his sons Avram and Joel are co-chairmen.
8. Tottenham – Joe Lewis (£3.9bn)
Joe Lewis came under fire for furloughing Tottenham’s staff despite being worth so much money.
Lewis owns 70.6% of the English National Investment Company, which bought Spurs from Sir Alan Sugar in 2001.
He is the main investor in Tavistock Group, which owns more than 200 companies ranging from sports teams, energy companies, restaurants and luxury properties.
7. Leicester – Aiyawatt Srivaddhanaprabha (£4.6bn)
Aiyawatt Srivaddhanaprabha became the CEO and chairman of Leicester when his father tragically died in a helicopter crash outside the stadium in 2018. He’s also the chairman of OH Leuven in Belgium.
6. Aston Villa – Nassef Sawiris (£5bn)
Nassef Sawiris owns 55% of the club after replacing Tony Xia as Villa owner in July 2018.
Sawiris is from one of Egypt’s richest families, owning several construction, engineering and building companies.
5. Wolves – Guo Guangchang (£5.2bn)
Guo Guangchang completed his takeover of Wolves in 2016 and hasn’t been afraid to fund transfers. He is chairman of the Fosun Group and has earned his billions in insurance, pharmaceuticals, healthcare, property, steel, mining, retail, services and finance.
4. Arsenal – Stan Kroenke (£6.8bn)
Stan Kroenke became involved in Arsenal in 2007 but took control in 2011.
His partner is Walmart heiress Ann Walton and he founded Kroenke Group in 1983, which is a property development firm.
The American also owns the LA Rams NFL team.
3. Chelsea – Roman Abramovich (£9.6bn)
Roman Abramovich bought Chelsea in 2003 for £140 million and has helped transform the club’s fortunes with heavy investment.
The Russian businessman sold his stake in gas company Gazprom in 2005 but still owns stakes in steel and nickel companies as well as having many other ventures.
2. Man City – Sheikh Mansour (£23.3bn)
Sheikh Mansour is the deputy prime minister of the United Arab Emirates and half brother of current UAE president Khalifa bin Zayed Al Nayhan.
After buying Manchester City in 2008, he’s invested heavily - too heavily in FFP’s eyes - and has seen the club win the Premier League on four occasions.
He’s the chairman of International Petroleum Investment Company and also has a stake in Virgin Galactic.
1. Newcastle – Saudi Arabia Public Investment Fund (£260bn)
So, Bin Salman will become the wealthiest owner in the Premier League.
He’s currently Saudi Arabia’s deputy prime minister and his family is worth a crazy £1.3 trillion.
The PIF group are thought to have assets worth about £260 billion, with Bin Salman having personal assets of £7 billion.
How much of they will invest into the club remains to be seen…News Now - Sport News