Newcastle, on the verge of being the richest in the Premier: even the City will seem small next to them

Newcastle, on the verge of being the richest in the Premier: even the City will seem small next to them

first_imgNewcastle United is about to become the last club to change hands in the Premier League. Its current owner, Mike Ashley, will soon cease to be so as to give its place to the Public Investment Fund of Saudi Arabia (PIF, for its acronym in English).This change of ownership, according to the Daily Mail, It will make Newcastle the richest club in England, well above Manchester City, building on the wealth of the owners of Premier League teams. In fact, according to the data handled by the British newspaper, Sheikh Mansour, the Sheikh of the City, seems a normal citizen compared to the organization that will come to own Newcastle.And is that the PIF controls assets with an estimated value of € 368 billion, well above the estimated wealth of Mansour, which is still close to the not inconsiderable 27 billion euros.Mansour is estimated to have spent about € 1.8 billion since joining the club in 2008. A number that has resulted in four Premier League titles, four League Cups and two FA Cups. It is true that the jackpot, the Champions, continues to resist them, although most accept since City is among the European elite and that any year can be done with the ‘orejona’.Newcastle now has every chance of becoming the new City, given the investment potential of its new owners., although due to the Financial Fair Play, the reconversion process will be long and its effects could take years to appreciate.The end of Mansour’s hegemonyThe acquisition of the club by the PIF not only could it lead “Las Urracas” to the elite of English football, but also will end the reign of the Manchester City sheik, unquestionable since he arrived at the Etihad Stadium box. This will be corroborated by a list that Daily Mail has also published, which breaks down the capital of the owners of the twenty clubs that this season are active in the Premier League.This list is already chaired by the new leader, Newcastle, located at the top well above the greatest fortune so far, that of the citizens. In third place the owner of the Chelsea, Roman Abramovich. Somewhat more laggards remain Arsenal, Wolverhampton, Aston Villa or Leicester. 16BournemouthMaxim Demin1,035 17Sheffield UnitedAbdullah bin Musa’ed228 oneNewcastlePublic Investment Fund of Saudi Arabia368,000 8TottenhamJoe Lewis4,486 19BurnleyMike Garlick71 10SouthamptonGao Jisheng3,566 12LiverpoolJohn William Henry2,416 7LeicesterAiyawatt Srivaddhanaprabha5,291 However, having more purchasing power does not guarantee you are the best. Stan Kroenke’s Arsenal is fourth in this peculiar classification, but since moving to its new stadium it has not achieved great achievements. The newly promoted Aston Villa occupying the sixth place in the list of richest owners, is in relegation positions.The other side of the coin also teaches us that not everything is money. Sheffield United, a newly promoted whose owner is among the poorest in the Premier, is having a spectacular campaign. March seventh and with serious options to bid for European positions. Liverpool, twelfth in the list, is making a military step of its season and, except miracle, it will win the league, something that it did not do for thirty years.THE FORTUNES OF THE PREMIER CLUB OWNERS 18WatfordGino Pozzo107 9Manchester UnitedGlazer family4,141 elevenCrystal PalaceJoshua Harris3,106 twoManchester CitySheikh Mansour26,457 3ChelseaRoman Abramovich11,043 CLUBOWNERCAPITAL (MILLIONS OF EUROS) 5WolverhamptonGuo Guangchang5,981 fifteenBrightonTony Bloom1,495 4ArsenalStan Kroenke7,822 13West hamDavid Sullivan and David Gold1,841 6Aston VillaNassef Sawiris5,751 14EvertonFarhad Moshiri1,725 twentyNorwichDelia Smith and Michael Wynn-Jones26last_img

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