Soccer is one of the most followed sports in the world. Over the years, it has also become the hub for huge investments from international owners. From Manchester City to PSG, from Manchester United to Liverpool, all of these clubs have massive financial backing. The latest addition to the list is Newcastle United. The Saudi Public Investment Fund (PIF) has bought the English Premier League club, Newcastle United. A club in shambles for decades will look forward to cosmic funds to make it great again.
So how rich are these new owners compared to Manchester City and PSG owners?
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PIF, owners of Newcastle United are the richest in the world
The club ended its alliance with Mike Ashley who sold it to the Saudi Public Investment Fund (PIF); a company headed by Yasir Al-Rumayyan. They bought the club for 300 million pounds which sparked wild celebrations amongst Newcastle fans. PIF are the richest owners of a football club with reported funds of 320 billion pounds.
That’s staggering. Manchester City is placed second with 23.2 billion pounds while FC Red Bull Salzburg ranks third with 15.7 billion pounds, figures which pale in comparison. In the meantime, PSG ranks 8th with 6.5 billion pounds.
Even though they have not had recent success to add to their four Premier League titles, this club will now be on the rise.
A Saudi-Arabian backed consortium completed its purchase of Premier League club Newcastle United as a long-running takeover saga finally reached the conclusion the majority of the club's supporters desired https://t.co/bpbl0NpXEL pic.twitter.com/zGqdTNlA3s
— Reuters (@Reuters) October 8, 2021
When Sheikh Mansour bought Manchester City, they were a club that was overshadowed by their rivals, Manchester United. But times changed and City are the best club in England. Likewise, Paris Saint Germain increased their reputation in world soccer with the Qatar Sports Investments creating a fantastic squad with a certain Lionel Messi arriving this season.
In an open letter, the new owner penned down his purchase of the club and delivered a heartwarming message.
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An open letter to the fans
The new president, Yasir Al-Rumayyan wrote an open letter to the fans of the club.
“Thank you to all the fans for the messages of support and encouragement that we have received as the new owners of Newcastle United FC. There has been a lot written about the investment we have made in the Club and we know you are keen to know more from us about this important stage in your Club’s history. First of all, I want to stress that we are incredibly proud to be the custodians of an institution like Newcastle United.”
“This is your Club,” said Yasir Al-Rumayyan.
Commenting on the agreement, His Excellency Yasir Al-Rumayyan, Governor of #PIF said: pic.twitter.com/NpONfkRRuw
— Public Investment Fund (@PIF_en) October 7, 2021
With a bright future ahead, the club owners would want to reach the top and they are looking to sign talented players. It certainly is an exciting time to be a Newcastle United fan.
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