The taking over of Newcastle United has changed the course of sport history. The club is now the richest in the world according to the Saudi Arabia Public Investment Fund’s acquisition. Football is a lucrative industry, with billions of cash being shared among soccer teams as a consequence of broadcast deals and sponsorship deals with businesses.
The most dominant clubs on the continent have been acquired by the ultra-wealthy, who have controlled European club football for more than ten years. The financial source is a constant matter of debate, but the arrival of the best players and staff in the world is the end consequence.
Chinese businessman Zhang Jindong purchased a controlling interest in Serie A team Inter in 2016 through his business, the Suning Holdings Group.
Qatari entrepreneur Businessman from Qatar Nasser Al-Khelaifi serves as vice president of Asian Tennis, president of Paris Saint-Germain and the Qatar Tennis Federation, chairman of beIN Media Group, and chairman of Qatar Sports Investments.
An American businessman worth $1 billion is Enos Stanley Kroenke. He is the owner of Kroenke Sports & Entertainment, the holding company for the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, MLS team Colorado Rapids, and Arsenal.
American billionaire businessman Philip Frederick Anschutz owns and manages organizations in a range of sectors. an original participant in Major League Soccer. The well-known LA Galaxy is owned by Philip Anschutz.
When Roman Abramovich invested millions in Premier League team Chelsea in 2003 to help them advance toward success in England and Europe, he created quite a commotion.
German software engineer and multibillionaire businessman Dietmar Hopp. He participated in the 1972 founding of SAP SE. Hoffenheim of the Bundesliga is his property.
ANDREA AGNELLI & FAMILY
Juventus is owned by the Agnelli family, and Andrea Agnelli, who serves as the club’s and the European Club Association’s chairman, is the face of the family’s football business (ECA).
Austrian billionaire businessman Dietrich Mateschitz. He co-founded and owns 49 percent of the Red Bull energy drink business.
Sheikh Mansour, an Emirati politician who serves as the deputy prime minister of the United Arab Emirates, is Mansour bin Zayed bin Sultan bin Zayed bin Khalifa Al Nahyan.
SAUDI ARABIA PUBLIC INVESTMENT FUND
Mohammed bin Salman, the crown prince of Saudi Arabia, is in charge of the Public Investment Fund, whose governor, Yasir Al-Rumayyan, has been named chairman of Newcastle.