Where Saudi group will rank on Premier League rich list alongside Man City and Chelsea’s billionaire owners
It appears it won’t be long before Newcastle United have new owners – and they will be incredibly rich ones.
Mike Ashley, the Sports Direct retail king, has owned the club for the past 13 years and is deeply unpopular among the fanbase.
Many supporters are rejoicing at the news of his departure, with a £300million takeover nearly done and dusted.
PCP Capital Partners, headed by Amanda Staveley, have brokered the deal which is being backed by Saudi Arabia royal family’s Public Investment Fund (PIF).
The group is led by Crown Prince Mohammed bin Salman and the PIF are believed to have assets of more than £260billion.
The Premier League has many billionaire owners – Ashley himself being one – and this latest deal will make Newcastle one of the richest clubs in the world.
Here is where the club will rank in terms of richest owners of top flight clubs in England…
20. Norwich – Delia Smith and Michael Wynn-Jones (£23m)
The pair are joint majority shareholders in the Canaries and purchased the club in 1996.
Delia Smith made her name as a cookery writer, author and television personality while Michael Wynn-Jones came from the publishing industry.
19. Burnley – Mike Garlick (£62m)
Garlick became sole chairman of the club in 2015 when co-chairman John Banaszkiewicz stepped down.
He is the found and CEO of Michael Bailey Associates, a project management and consultancy company.
18. Watford – Gino Pozzo (£93m)
The Pozzo family bought the club from Laurence Bassini in 2012 with Gino having full ownership and control.
He is the son of Italian businessman Giampaolo Pozzo who made his money through the family business, tool-maker Freud.
17. Sheffield United – Prince Abdullah bin Musa’ed (£198m)
Prince Abdullah is another Saudi Arabian but with nowhere near the wealth of the new Newcastle owners.
He won a High Court battle with Kevin McCabe over the ownership of the Blades. McCabe had to sell his stake to Price Abdullah for £5m following a ruling last year.
He is the son of Prince Musa’id bin Abdulaziz Al Said and set up a paper manufacturing company in 1989.
16. Bournemouth – Maxim Demin (£900m)
The Russian businessman became a co-owner of the club in 2011 when the club was in League One. He assumed full ownership of the club in 2013.
He owns at least two companies in the UK, Wintel – a petrochemical company – and Wintel Holdings Ltd.
Other than that his business background remains a mystery.
15. West Ham – David Sullivan and David Gold (£1.2bn)
Sullivan made his fortune in the pornography industry and he previously owned the Daily Sport and Sunday Sport.
Gold owns Gold Group International, the parent company of Ann Summers and he previously co-owned adult magazine company Gold Star Publications with his brother.
Gold and Sullivan acquired a 50 per cent share in West Ham in January 2010 and then purchased a further 10 per cent a few months later.
14. Brighton – Tony Bloom (£1.3bn)
Bloom became chairman of the Seagulls in 2009 and in that time he has overseen their rise from League One to the Premier League.
He is thought to have acquired most of his wealth from online gambling and gaming websites.
Bloom also finished fourth at the World Series of Poker in 2005.
13. Everton – Farhad Moshiri (£1.5bn)
Moshiri was previously involved at Arsenal but sold his stake in the club to complete a takeover of Everton, which was officially confirmed in February 2016.
He owns and has shares in multiple steel and energy companies in the UK and Russia.
12. Liverpool – John Henry (£2.1bn)
Henry’s company Fenway Sports Group bought Liverpool in 2010 and he also owns the Boston Red Sox.
The American founded John W. Henry & Company, an investment management company.
11. Crystal Palace – Joshua Harris (£2.7bn)
Harris owns an 18 per cent stake in Palace as well as being the principal shareholder of the NHL team the New Jersey Devils and NBA team the Philadelphia 76ers.
He co-founded Apollo Global Management, one of the world’s largest investment firms.
10. Southampton – Gao Jisheng (£3.1bn)
Jisheng became the Saints’ majority owner in 2017 when he completed a £210m deal.
He was the founder of Lander Sports Development until last year when he sold enough shares to lose control of the real-estate company.
9. Manchester United – The Glazers (£3.6bn)
Malcolm Glazer gradually bought shares of the club between 2003 and 2005 to complete his takeover.
He made his fortune in property, banking and healthcare before his death in 2014. His sons, Avram and Joel, have since stepped up as co-chairmen.
8. Tottenham – Joe Lewis (£3.9bn)
English National Investment Company, which Lewis owns 70.6 per cent, bought a controlling stake in Tottenham in 2001 from Alan Sugar.
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)
The 34-year-old, known as Top, became CEO and chairman of King Power and the chairman of Leicester when his father died in a helicopter crash outside the club’s stadium in 2018.
6. Aston Villa – Nassef Sawiris (£5bn)
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.
5. Wolves – Guo Guangchang (£5.2bn)
Guangchang completed his takeover of the club in 2016 and has made a serious investment in the team.
He is chairman of the Fosun Group and has invested in insurance, pharmaceuticals, healthcare, property, steel, mining, retail, services and finance.
4. Arsenal – Stan Kroenke (£6.8bn)
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.
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.
2. Man City – Sheikh Mansour (£23.3bn)
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 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 four Premier League titles.
1. Newcastle – Saudi Arabia Public Investment Fund (£260billion)
They are headed by Crown Prince Mohammed bin Salman who is currently serving as Saudi Arabia’s deputy prime minister with his family’s wealth thought to be worth more than £1.3trillion.
The Public Investment Fund (PIF) of Saudi Arabia are the group who want to take an 80 per cent stake in the club from Mike Ashley. The PIF group are thought to have assets worth around £260billion.
The Crown Prince is thought to have personal assets in the region of £7billion.