Once the formalities are out of the way, the Premier League will finalize the sale of Newcastle United from owner Mike Ashley to a consortium that’s headed by Saudi Arabia’s Public Investment Fund (PIF). In terms of the richest Premier League owners, Newcastle's jumping from 11th on this list all the way to the top.
How’s that possible? Well, the PIF has total estimated assets of over $320 billion, and Newcastle’s new chairman stands to be Yasir Al-Rumayyan, who’s currently the chairman of the Saudi Arabian Oil Company (the most profitable company in the world). Take a look at the league's wealthiest majority owners.
Richest Premier League Owners 2020
#20. Norwich City
Delia Smith and Michael Wynn-Jones | $30 million
Profile: Husband and wife duo. Smith is a celebrity chef, and Wynn-Jones is a writer, editor and publisher.
Mike Garlick | $78 million
Profile: Holds 49.24% of Burnley’s shares. He’s the Global CEO of the Michael Bailey Associates Group, which works within technology, oil and gas sectors.
Gino Pozzo | $120 million
Profile: An Italian businessman. His father owns Italy’s Udinese.
#17. Sheffield United
Prince Abdullah bin Musa’ed | $250 million
Profile: He’s a Saudi prince and businessman.
Maxim Demin | $1.1 billion
Profile: A Russian businessman who’s involved in the petrochemicals industry.
Tony Bloom | $1.7 billion
Profile: He’s a professional sports bettor, poker player, entrepreneur and property investor.
Farhad Moshiri | $1.9 billion
Profile: A British-Iranian businessman and investor who owns and has shares in numerous steel and energy companies.
#13. West Ham
David Sullivan and David Gold | $2 billion
Profile: Businessmen that initially made their money from pornography before moving into sports media, retail and property.
John W Henry | $2.6 billion
Profile: An American businessman and investor. He’s also the owner of the Boston Red Sox and The Boston Globe.
#11. Crystal Palace
Joshua Harris | $3.4 billion
Profile: An American private equity investor and also the owner of the New Jersey Devils (NHL) and the Philadelphia 76ers (NBA).
Gao Jisheng | $3.9 billion
Profile: Chinese businessman who owns 80% of the club’s shares.
#9. Manchester United
The Glazer family | $4.5 billion
Profile: Began with American businessman Malcolm Glazer, but after his death in 2014, the family’s 90% stake in the club is equally split among his six children.
Joe Lewis | $4.9 billion
Profile: A British businessman and investor.
#7. Leicester City
Aiyawatt Srivaddhanaprabha | $5.8 billion
Profile: The son Vichai Srivaddhanaprabha, who was a Thai businessman and the owner of Leicester until his death in a helicopter crash.
#6. Aston Villa
Nassef Sawiris | $6.3 billion
Profile: An Egyptian businessman and reportedly the fourth richest African on the planet.
Guo Guangchang | $6.5 billion
Profile: Founder of Bosun International, a Chinese conglomerate and investment company.
Stan Kroenke | $8.5 billion
Profile: An American businessman who also owns the Los Angeles Rams (NFL), Denver Nuggets (NBA), Colorado Avalanche (NHL) and Colorado Rapids (MLS).
Roman Abramovich | $12 billion
Profile: An Israeli-Russian businessman and politician.
#2. Manchester City
Sheikh Mansour | $29.2 billion
Profile: An Emirati politician who’s the primer minister of the United Arab Emirates.
#1. Newcastle United
Saudi Arabian Public Investment Fund | $320 billion
Profile: The sovereign wealth fund of Saudi Arabia, governed by Yasir Al-Rumayyan, who’s also the chairman of Saudi Aramco, which produces more oil daily than any other company on the planet.