English Premier League has become a playground for billionaires. Some pundits now call the Championship the new NBA of football. There is no problem with wealthy men buying clubs and splashing the cash left, right and centre. However, when success comes out of it, it does not feel very natural to the fans. Take, for instance, Manchester City, the club has been transformed since the 2008 takeover. They have won three league titles since the arrival of Sheikh Monsour. The question many people are asking if for how long this will continue. Today, we want to take a look at the seven wealthiest owners of Premier League clubs in 2018.
7. Glazer Family- £2.49 billion (Man United)
The Glazer family are set to earn over £56m by selling 2% of their shares in Man Utd.
— BBC Sport (@BBCSport) August 9, 2017
Manchester United is owned by American billionaire family called The Glazers. The late father called Malcolm Glazer bought the club in 2005 but he later died. His sons Avram and Joel Glazer took over as co-Chairmen to date. The fans opposed the deal and a section of them are still unhappy with the Americans family even today. They have been blamed for lack of proper investment since Sir Alex Ferguson left the club in 2013.
However, since the family too over 13 years ago, the club has won 5 League titles, 1 FA Cup, 1 League Cup, 1 UEFA Champions League, and 1 Europa League crown. They will need to do more to compete with the new richer owners at Manchester City. The Glazer family net worth is estimated at £2.49bn today. The family also owns NFL franchise Tampa Bay Buccaneers.
6. Harris & Blitzer- £3.4 billion (Crystal Palace)
— BBC London Newsroom (@BBCLondonNews) December 19, 2015
Crystal Palace narrowly escaped relegation last season after a disastrous start under Dutchman Frank De Boer. Roy Hodgson came in and steered the ship to safety. UK businessman Steve Parish who is also the current chairman owns only about 18% of the club. The main owners are US billionaires Joshua Harris (net worth £2.4bn) and David Blitzer (net worth £1bn). The two men also own New Jersey Devils (NHL), and NBA franchise Philadelphia 76ers. They will need to support the manager to avoid another tiring relegation fight.
5. Joe Lewis- £4.5 billion (Tottenham Hotspur)
— HotspurGraphics (@HotspurGraphics) July 9, 2017
Joseph ‘Joe’ Lewis is a British businessman. He is a well-known investor and art collector in the UK and around the World. The Spurs owner is currently worth £4.5 billion. The face of the London Club has always been the chairman Daniel Levy. However, the man behind the great joy at Spurs is enjoying his life in the tropical country of Bahamas. He will certainly get richer when the new Stadium under construction opens in October. The new venue will also be able to host NFL Summer matches.
4. Shahid Khan- £5.43 billion (Fulham)
Everybody is talking about Fulham and their 12 signings this summer. They have spent over £100m in a few months. The man behind all this is Fulham owner Shahid Khan. Shahid Khan is a Pakistani-American billionaire businessman. He is also interested in buying the Wembley stadium. pic.twitter.com/IOICKMpKy0
— Jan Sher Khan Sheikh (@iamJansherkhan) August 11, 2018
Fulham is back in the Premier League after beating Aston Villa in Championship playoffs last season. The club owner Shahid Khan will be very happy indeed because this clearly means his investment is bearing fruits already. The American made his wealth selling motor vehicle spare parts in the US. He is a barrier breaker because he became the first person from a minority community to own an NFL Franchise called Jacksonville Jaguars. He surprised everybody earlier this year when he tabled a £600 million bid to the FA to buy Wembley Stadium. Today his net worth is estimated to be around £5.43bn.