English Premier League recently saw another billion-dollar spending in the summer transfer window. Many leagues and clubs worldwide are suffering from an economic crisis due to the Covid-19 pandemic.
Premier League has now established as the biggest league when you count money. Plenty of clubs in the league have suffered losses recently but couldn’t stop spending on new players.
Competition for the title is very fierce compared to other top European clubs. So-called top-six are no more only challenging clubs, Everton, Leicester City and Wolverhampton Wanderers also joined the race recently.
Due to this kind of competition, money is always flowing in and out of each club. To remain top of the table you need to spend regularly, Manchester City are a prime example of that. But need to spend to remain in the league at the end of the season, Fulham relegated in 2019 despite spending hundreds of millions of euros in the transfer market.
Owners of each clubs are closely monitoring every situation at the club but are always in the shadows. In this featured article we are covering and ranking the richest owners of this money staggering league.
10. Gao Jisheng(Southampton) – £3.1 billion
Chinese businessman Gao Jisheng took over Southampton in 2017 for a value of £210 million. He owns 80% of shares in the club but is now looking to sell his shares due to recent losses.
He made strides of revenue through player sales, most notably Virgil Van Dijk and Sadio Mane to Liverpool and Luke Shaw and Morgan Schneiderlin to Manchester United.
9. Jushua Harris(Crystal Palace) – £3.4 billion
Co-founder of Apollo Global Management, an investment firm, Joshua Harris owns London side Crystal Palace since 2015. David Blitzer and Steve Parish are other majority holders at Crystal Palace. Harris also has majority shares in NHL side New Jersey Devils and NBA side Philadelphia 76ers.
8. Glazer Family(Manchester United) – £3.8 billion
Famous Manchester United club are owned by billionaires Avram Glazer and Joel Glazer. Their father late Malcolm Glazer bought the majority of shares in 2003 and now the club owned by his six children.
The Glazer Family also owns NFL franchise Tamba Bay Buccaneers. Glazer family has faced a lot of protests from Red Devils fans over their lack of support in the transfer market, which is controlled by Executive Vice-Chairman Ed Woodward.
7. Joe Lewis and Daniel Levy(Tottenham Hotspur) – £3.9 billion
Joe Lewis owns Tottenham Hotspur through his investment trust ENIC Group, a regular top-six contender of Premier League, from 2001. Club chairman Daniel Levy owns 30% of share in ENIC Group and is also overlooks all the transfer activity at the club.
6. Guo Guangchang(Wolverhampton Wanderers) – £4.4 billion
Chinese investor Guo Guangchang owns Wolverhampton Wanderers through his company Fosun International Limited from 2016. Since his takeover, Wolves have invested heavily in Portuguese talents and results are remarkable. The club is now well settled with big names and a regular contender to qualify for European competitions.
5. Nassef Sawiris(Aston Villa) – £5.4 billion
Aston Villa is owned by Egyptian Billionaire Nassef Sawiris since 2018. Sawiris is the second richest African according to Forbes, through his construction business. Sawiris owns 55% controlling shares in Aston Villa through his company NSWE.
4. Shahid Khan(Fulham) – £5.9 billion
American businessman Shahid Khan purchased the London side Fulham in 2013. He also owns other sports teams Jacksonville Jaguars(NFL) and All Elite Wrestling. Pakistani born businessman made fortunes with his Automotive company Flex-N-Gate.
3. Stan Kroenke(Arsenal) – £6.3 billion
Stan Kroenke, a well-known name in English football, owns Premier League giants Arsenal. He invested in the Gunners in 2008 and became the sole owner of the club in 2018.
American businessman owns plenty of other sports teams via his company Kroenke Sports and Entertainment. Kroenke has faced a lot of criticism from fans due to his lack of investment in transfers deals. Many flyers named Kroenke Out spotted in recent seasons.
2. Roman Abramovich(Chelsea) – £9.7 billion
Chelsea owner Roman Abramovich is another big name in English football, mostly for his involvement in transfer sagas.
Russian billionaire bought The Blues in 2003 and has invested heavily in the club since then. In the recent summer transfer window, Chelsea spend more than £200 million on transfer deals.
1. Sheikh Mansour(Manchester City) – £15.1 billion
Oil-rich Manchester City are not just the richest club in English football but also in World. Their Owner Sheikh Mansour bought the Citizens in 2008 through his company Abu Dhabi United Group.
He is the half-brother of UAE President Khalifa bin Zayad Al Nahyan, and also Deputy Prime Minister of the country. Since his takeover in 2008, Manchester City has won plenty of trophies in English football after spending millions in each transfer window.