Russian billionaire Roman Abramovich was one of the first to step into the beautiful game when he bought Chelsea in 2003 for £140m.
Since then, businessmen and some of the world’s biggest companies have been pouring money into their new clubs, taking part in the football arms race to sign the best talent and win the biggest prizes in the game.
But which football club owner is the richest in the world? Here’s everything you need to know.
Who is the richest football club owner in the world?
The tag of the football club’s richest owner belongs to the Saudi Arabian Public Investment Fund, which bought an 80% stake in Newcastle United for £300m in October 2021.
Saudi Crown Prince Mohammed bin Salman leads the State Investment Fund, which is worth around £360bn, according to the Sovereign Wealth Fund Institute, making it one of the largest sovereign wealth funds in the world.
The personal fortune of Crown Prince bin Salman is estimated at 14.8 billion pounds.
Despite the fact that the crown prince heads the State Investment Fund, the owners assured the Premier League that the Saudi state would have no role in running the club, which is contrary to the Premier League’s ownership rules.
Public investment fund manager Yasser Al Rumayyan has been appointed chairman of Newcastle, who run the club with RB Sports & Media and PCP Capital Partners, who have acquired a 10% stake in the club.
The State Investment Fund has also invested in many other projects and companies around the world, especially in the energy sector.
The takeover of Newcastle by Saudi Arabia drew criticism from many football figures who accused the new owners of using the club as a vehicle for money laundering to belittle the country’s poor human rights record.
Top 10 richest football owners in world football
According to GOAL, the top 10 richest football club owners in the world, along with their clubs and net worth, are as follows:
- State Investment FundNewcastle United – $430 billion (£320 billion)
- Sheikh MansourManchester City – $20 billion (£16.8 billion)
- Dietrich MateschitzRed Bull Salzburg, RB Leipzig, NY Red Bulls – $19.4bn (£16.4bn)
- Andrea Agnelli and familyJuventus – $13.5bn (£11.4bn)
- Dietmar HoppHoffenheim – $13bn (£11bn)
- Philip AnschutzLos Angeles Galaxy – $10 billion (£8.4 billion)
- Stan KroenkeArsenal – $9 billion (£7.6 billion)
- Nasser Al-KhelaifiParis Saint-Germain FC – $8 billion (£6.7 billion)
- Zhang JindongInter Milan – $7.6bn (£6.4bn)
- Guo GuangchangWolverhampton Wanderers – $6.1bn (£5.2bn)
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