Saudi Public Investment Fund (PIF) Newcastle Owner VS Sheikh Mansour and Roman Abramovich Net Worth,As Newcastle Emerged The Richest Club in The World

Newcastle New owner PIF VS Sheikh Mansour AND Roman Abramovich net worth: Which is the richer club out of Newcastle,Manchester City and Chelsea?

Good morning, Good afternoon, Good evening depending where you’re reading from today we’re going to look into the richest club in world football see below the stats and the net worth of this 3 Richest Club in Premier League

Sheikh Mansour Man City owner net worth

As per Celebrity Net Worth, Sheikh Mansour’s net worth is estimated to be a whopping $30 billion. Mansour is a United Arab Emirates politician and businessman. The Man City owner is the deputy prime minister of the United Arab Emirates and is also the minister of presidential affairs and he is a member of the ruling family of Abu Dhabi. Mansour also sits on the Supreme Petroleum Council and the boards of numerous investment companies including the International Petroleum Investment Company (IPIC) and the Abu Dhabi Investment Council. He also owns the Abu Dhabi United Group, which acquired Manchester City football club from former Thai prime minister Thaksin Shinawatra. Since his investment, Manchester City have dominated the Premier League, winning five Premier League titles and a host of other domestic honours. Man City meanwhile are now worth a whopping $4billion according to Forbes, making them the sixth richest football club in the world.

Roman Abramovich Chelsea owner net worth

Meanwhile, Celebrity Net Worth estimates that Roman Abramovich’s net worth to be around $18million. The Russian oligarch is a widely-known figure in Israel and Russia for his involvement in politics and business. He owns stakes in steel giant Evraz, Norilsk Nickel and Chelsea. The Chelsea owner owns the world’s second-largest yacht, 533-foot Eclipse, bought for nearly $400 million in 2010, while he transferred more than $90 million worth of property in New York to ex-wife Dasha Zhukov’s name. Since Abramovich bought Chelsea for $175 million in 2003, the Blues have won five Premier League titles and one Champions League in 2012 under his ownership. Chelsea meanwhile are worth $3.2 billion as per Forbes, making them the seventh richest club in world football

Saudi Public Investment Fund (PIF) Newcastle owner net worth

Newcastle United have been officially converted into the richest club in the world after the Saudi Public Investment Fund (PIF) ended Mike Ashley‘s 14-year ownership by purchasing the Premier League club.

PIF will provide the large part of the 300 million pound takeover sum to convert Newcastle into the financially strongest club in England, as the fund’s 320 billion euro fortune is almost 11 times more than Manchester City‘s Sheikh Mansour

Most emerging countries with large fossil fuel exports have a sovereign wealth fund of some kind. Many of them spread the risk of their investments by buying assets in developed countries where legal rules protect them from arbitrary changes to property rights. The Norwegian Bank Investment Fund is the largest of its kind with around $1.3tn of assets, followed by the China Investment Corporation, worth $1.2tn, and the $830bn Abu Dhabi Investment Authority.

A consortium of PIF, PCP Capital Partners and RB Sports & Media are taking over the Premier League club from the British billionaire Mike Ashley. Saudi Arabia’s Public Investment Fund (PIF) is expected to hold 80% of the shares. The PIF is a sovereign wealth fund that since the early 1970s has taken the bulk of Saudi Arabia’s savings from the sale of oil. It is worth about $430bn (£315bn), underscoring how little the £300m initial cost of its foray into Premier League football will figure on its balance sheet. Yasir Al-Rumayyan, the governor of PIF, becomes nonexecutive chairman of Newcastle United.

PCP Capital Partners is a “boutique international private equity firm” founded by the British financier Amanda Staveley, who will have a seat on the Newcastle board. RB Sports & Media is part of Reuben Brothers, a British private equity and property firm owned by billionaire investors. Jamie Reuben, the son of David Reuben, will also sit on the board.

Final Verdict

Newcastle United  is the new richest club in the World football as Saudi Arabia Billionaires takeovers from former bus Ashley

Newcastle is expected to stun Transfer Market by buying Top players around the Europe this will be another top contender for epl champions league in coming years

Thanks for Reading

Source: NEWSFACTNIGERIA