Top 5 Richest Premier League Clubs After Newcastle's £305million Takeover Completed

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Newcastle United has been bought over by Saudi Arabia's Public Investment, making them the richest club in the Premier League, dwarfing Chelsea, Manchester City, Arsenal, and Manchester United.

Newcastle United supporters partied into the night on Thursday after Mike Ashley's 14-year ownership of the club came to an end when a Saudi-backed consortium paid £305 million for the club.

Newcastle now has the richest owners in the Premier League, with the PIF's worth dwarfing that of Chelsea's Roman Abramovich and Manchester City's Sheikh Mansour.

Let's take a look at the Premier League's five wealthiest owners right now.

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

Because of the immense wealth of the PIF, which is chaired by Saudi Crown Prince Mohammed bin Salman, the Magpies can expect major investment in the next months and years.

After rocketing to the top of the Premier League's wealth list, Newcastle fans can fantasize about the possibilities on Tyneside.

After the monarch, Mohammed bin Salman is Saudi Arabia's second most powerful figure, serving as the country's Minister of Defense and Deputy Prime Minister.

2. Man City - Sheikh Mansour (£22.9bn)

Mansour is the deputy prime minister of the United Arab Emirates and one of the country's many team owners.

Newcastle has now joined the likes of Manchester City and Paris Saint-Germain, but the two most high-profile examples have been Manchester City and PSG.

The sheikh owns an interest in Virgin Galactic and is the chairman of International Petroleum Investment Company.

He bought City in 2008 when they were a mid-table team, and with his billions, he has transformed them into one of the best clubs in the world.

3. Chelsea - Roman Abramovich (£9.6bn)

In a rumored 15-minute conversation, football's first high-profile billionaire purchased Chelsea from Ken Bates in 2003.

Following the appointment of Jose Mourinho the following year, the Blues became the dominant force in the Premier League thanks to the Russian's wealth.

Chelsea has won silverware on a consistent basis, winning five league crowns and the Champions League twice.

The Blues cost Abramovich £140 million of his billions earned from the sale of previously Russian state-owned businesses he purchased after the Soviet Union fell apart.

4. Arsenal - Stan Kroenke (£6.35bn)

The Gunners' polarizing owner is rarely seen at the Emirates and has a tense relationship with supporters.

Arsenal's fortunes have deteriorated throughout his tenure as manager, despite the fact that the team had previously won Premier League titles.

The American, who owns the NFL's Los Angeles Rams and the NBA's Denver Nuggets, originally invested in Arsenal in 2007 before acquiring a full stake in the club four years later.

5. Aston Villa - Nassef Sawiris (£5.3bn)

In July 2018, the Egyptian took over as owner from Tony Xia, and saw Villa gain promotion to the Premier League inside a year.

Sawiris, who comes from one of Egypt's wealthiest families, purchased a 55% controlling stake in the club. His fortune comes from owning a slew of construction, engineering, and construction firms.

With nearly £200 million spent over the past two summers, Dean Smith has consolidated the Midlands team as a top-flight outfit once again.

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