Five richest clubs in Premier League as £300m Newcastle takeover puts them top

Newcastle now have a seat at the table with the Premier League's financial elite after completing their £300million Saudi takeover on Thursday.

The Premier League have agreed for Mike Ashley to sell the Magpies to Crown Prince Mohammed Bin Salman, whose Saudi Arabia Public Investment Fund has secured an 80 per cent stake in the club.

Businesswoman Amanda Staveley and property tycoons David and Simon Reuben have also taken 10 per cent each.

Incredibly, the PIF consortium's arrival on Tyneside means Newcastle now have the richest owners in the Premier League. We've put together a list of the top five below.

5. Aston Villa – Nassef Sawiris (£5.3billion)

Egyptian billionaire Sawiris took over at Villa Park when he replaced Tony Xia back in 2018, acquiring a 55 per cent controlling stake in the club.

The 60-year-old, who is from one of the wealthiest families in Egypt, owns a number of construction, engineering and building companies.

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4. Arsenal – Stan Kroenke (£6.35billion)

After initially buying small shares in the club, Kroenke's Sports & Entertainment company eventually assumed majority control of Arsenal in 2011.

KSE also own basketball, soccer, American football, hockey and lacrosse teams in the States, controversially relocating the LA Rams' NFL franchise from St Louis in 2016.

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3. Chelsea – Roman Abramovich (£9.6billion)

The Russian rocked up at Stamford Bridge in 2003, forking out £140million to relieve Chelsea of Ken Bates' debt-ridden ownership and propelling them to the top of English football.

Abramovich, who sold his stake in Russian gas company Gazprom in 2005, holds shares in various steel and nickel companies along with several other business ventures.

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2. Manchester City – Sheikh Mansour (£22.9billion)

Mansour completed a dramatic takeover at City on transfer deadline day in September 2008 and has since transformed the club into Premier League giants.

He is the deputy primer minister of the United Arab Emirates, chairman of the International Petroleum Investment Company, a shareholder in Virgin Galactic and owner of the Abu Dhabi Media Investment Corporation.

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1. Newcastle – Saudi Arabia Public Investment Fund (£320billion)

The new Magpies owners' combined wealth dwarfs that of other Premier League tycoons, with Bin Salman's consortium worth a staggering £320billion.

In fact, it is almost five times as much as the other 19 top-flight owners combined.

Bin Salman is Saudi Arabia's second most important figure behind the King, meaning he enjoys a personal wealth in excess of £2.5billion.

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