Newcastle takeover: Newcastle United owners richest in world, Check out top 5 richest football club owners

Newcastle takeover: Richest football club owners – With yesterday being a historic day for the footballing world, after a £300 million deal had gone through after Mike Ashley finally decided to sell Newcastle United to a Saudi based public investment fund which brought an end to his 14-year ownership of the Magpies.

A statement from the new owners read: “An investment group led by the Public Investment Fund (PIF), and also comprising PCP Capital Partners and RB Sports & Media (the ‘Investment Group’), has completed the acquisition of 100% of Newcastle United Limited and Newcastle United Football Club Limited (‘Newcastle United’ or the ‘Club’) from St. James Holdings Limited. All requisite approvals have been obtained from the English Premier League and the acquisition was completed on 7 October 2021.”

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Newcastle takeover:  After the deal is completed, Saudi’s Public Investment Fund (PIF) is expected to own 80 per cent of the club, with Amanda Staveley and the Reuben brothers evenly splitting the remaining 20 per cent, reported the Daily Mail.

Newcastle takeover: Newcastle United owners richest in world, Check out top 5 richest football club owners

Newcastle United now have the richest owners in footballing world with a staggering estimated worth of £320 billion with stakes in multiple silicon valley companies ranging from SoftBank to Boeing, Facebook and Uber.

Newcastle takeover: Richest football club owners –The new owners are approximately 10 times more wealthier than Manchester city’s owner Shiekh Mansour, Paris Saint-Germain are the only club who can compare with Newcastle under their new ownership. President Nasser Al-Khelaifi’s own wealth is reported to be around £6.5bn, but he is just the frontman for owners of Qatar Sports Investments, an offshoot of Qatar’s Investment Authority – which is the equivalent of the Saudi PIF, whose net worth is £220 million.

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 To look at the magnitude of the deal, here’s a look at the top 5 wealthiest owners in the football world.

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• Newcastle United- Saudi Arabia Public Investment Fund (£320 billion)

The consortium includes the kingdom’s $430 billion sovereign wealth fund PIF, chaired by Saudi crown prince Mohammed bin Salman, which is at the centre of plans to transform its economy by creating new sectors and diversifying revenues away from oil.

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Newcastle takeover: Newcastle United owners richest in world, Check out top 5 richest football club owners

• Paris Saint Germain- Qatar’s national wealth fund (£220 billion)

Qatar’s national wealth fund holds assets valued around £220bn, including London’s iconic The Shard building and luxury retailer Harrods, plus stakes in companies such as Volkswagen and Barclays.

• Manchester City -Shiekh Mansour (£23 billion)

Mansour oversees a lucrative business portfolio as head of Aabar Investments, which includes a 32% stake in Virgin Galactic and a 9.1% stake in Daimler. He also owns the Abu Dhabi Media Investment Corporation (ADMIC) which established Sky News Arabia under a partnership with British Sky Broadcasting.

Newcastle takeover: Newcastle United owners richest in world, Check out top 5 richest football club owners

• RB Leipzig and RB Salzburg- Dietrich Mateschitz (£15.7 billion)

Dietrich Mateschitz is an Austrian billionaire businessman. He is the co-founder and 49% owner of the Red Bull energy drink company. According to Forbes, Mateschitz’s net worth was estimated at $26.9 billion, making him the 56^th wealthiest person in the world.

• Juventus -Andrea Agnelli (£14 billion)

The son of former chairman Umberto and was appointed to the role in 2010 to become the fourth member of the family to run the club. The Agnelli family made their fortune having founded Fiat in 1899 and also own Ferrari as part of the giant Exor group.

Newcastle takeover: Newcastle United owners richest in world, Check out top 5 richest football club owners