Richest Premier League Owners: Newcastle’s Investors Are Impossibly Wealthy

Newcastle has gone from a wealthy individual to the wealth of the world’s 18th largest economy.

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

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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. 

#19. Burnley

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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. 

#18. Watford

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Gino Pozzo | $120 million

Profile: An Italian businessman. His father owns Italy’s Udinese.  

#17. Sheffield United

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Prince Abdullah bin Musa’ed | $250 million

Profile: He’s a Saudi prince and businessman.  

#16. Bournemouth

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Maxim Demin | $1.1 billion

Profile: A Russian businessman who’s involved in the petrochemicals industry. 

#15. Brighton

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Tony Bloom | $1.7 billion

Profile: He’s a professional sports bettor, poker player, entrepreneur and property investor. 

#14. Everton

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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

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David Sullivan and David Gold | $2 billion

Profile: Businessmen that initially made their money from pornography before moving into sports media, retail and property. 

#12. Liverpool

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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

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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). 

#10. Southampton

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Gao Jisheng | $3.9 billion

Profile: Chinese businessman who owns 80% of the club’s shares. 

#9. Manchester United

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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. 

#8. Tottenham

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Joe Lewis | $4.9 billion

Profile: A British businessman and investor. 

#7. Leicester City

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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

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Nassef Sawiris | $6.3 billion

Profile: An Egyptian businessman and reportedly the fourth richest African on the planet. 

#5. Wolves

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Guo Guangchang | $6.5 billion

Profile: Founder of Bosun International, a Chinese conglomerate and investment company. 

#4. Arsenal

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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). 

#3. Chelsea

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Roman Abramovich | $12 billion

Profile: An Israeli-Russian businessman and politician.  

#2. Manchester City

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Sheikh Mansour | $29.2 billion

Profile: An Emirati politician who’s the primer minister of the United Arab Emirates. 

#1. Newcastle United

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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. 

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