See the top 10 richest football club owners in the world

Newcastle United has become the richest football team after being acquired by a wealthy Saudi consortium. Their fortune is £300 billion more than that of the Sheikh of Manchester City.

1. Newcastle United – Saudi Arabia Public Investment Fund – £320 billion
   Newcastle became the club with the richest owner. After fourteen years of Mike Ashley owning the club, the new owners are the Saudi Arabia Public Investment Fund, which is made up of, among others, the Saudi royal family. The previous owner scrimped and saved on the club, but the new owners plan to spend big money to get Newcastle United to the top.
2. Manchester City – Sheikh Mansour – £23 billion
   Mansour acquired the club in 2008 and immediately put it among the best teams in the world thanks to his money. Mansour is deputy prime minister in the United Arab Emirates. In addition to Manchester City, he also owns New York City FC, Melbourne City FC and Yokohama Marinos.
3. Red Bull Salzburg – Dietrich Mateschitz – £16 billion
   In third place, perhaps surprisingly, is RB Salzburg. The owner is an Austrian businessman whose wealth is worth almost £16 trillion. In 2005, he struck a deal with Red Bull to buy the Salzburg football team. In 2009, he founded RB Leipzig, which quickly became a football power in Germany.
4. Juventus – Andrea Agnelli – £11 billion
   Andrea’s father was the previous owner and was instrumental in the club’s rise to prominence, his son is following in his footsteps. Andrea became majority owner of the club in 2010. Under him, Juventus managed to win the Serie A title for nine consecutive seasons.
5. Chelsea – Roman Abramovich – £9.6 billion
   The Russian oligarch acquired the club in 2003 and turned it into one of the best teams in the world in a very short period of time. He loves the London club and contributes heavily to make it thrive. He made his fortune through the timber trade and his business in the petrochemical industry.
6. LA Galaxy – Phillip Anschutz – £8 billion
   Phillip Anschutz is one of the founders of MLS and has owned several soccer clubs in the US. However, due to financial problems, he had to sell off his clubs. He kept only LA Galaxy, perhaps the most famous team from the USA, for which David Beckham and Zlatan Ibrahimovic also played.
7. Arsenal – Stan Kroenke – £6.8 billion
   Stan Kroenke is an American who made his fortune in real estate sales and trading. He acquired part of Arsenal’s shares back in 2008, and has owned the majority since 2011. Besides the London team, he also owns the LA Rams, Colorado Rapids and Denver Nuggets.
8. PSG – Nasser Al-Khelaifi – £6.5 billion
   Al-Khelaifi is the chairman of Qatar Sports Investments and also has a business in the petrochemical industry. He used to be interested in tennis, which he played at the highest level, before becoming president of the Qatar Tennis Federation. In 2011, he bought Paris Saint-Germain and made sure that the club had no competition in France.
9. Inter Milan – Zhang Jindong – £6.2 billion
   The Milan club is owned by a Chinese billionaire who is the founder of Suning retail stores, now one of the biggest chains in Asia. He acquired a majority stake in Inter in 2016. After a few years, he managed to dethrone Juventus from the Italian throne. He invested big money in the club, bringing in Romelu Lukaku, for example. But the club was in a financial crisis due to the coronavirus.
10. Wolves – Guo Chuangchang – £5 billion
    Another Chinese billionaire who is involved in healthcare and real estate companies rounds off the top ten richest. He bought Wolves in 2016 for £45 million, quickly managing to rebuild the team to be competitive in the Premier League and Europe.

Source: The Sun