Premier League finances – part two: Big boys live on a different planet to Norwich City
PUBLISHED: 18:00 14 November 2019 | UPDATED: 19:01 14 November 2019
Part two of our report into the financial muscle Norwich City are competing with takes a look at some staggering Premier League wealth.
The billionaire's playground of the Premier League has given Norwich City an unfriendly welcome after the self-funded club's return to the top flight.
Nine defeats in 12 games has reminded the Canaries of the strength in depth in the world's most watched league, where the wealth of broadcasting revenue means even the smaller clubs are developing into huge businesses.
As head coach Daniel Farke continues scheming during the international break, to try and rejuvenate his team's fortunes on the pitch, we continue our report into the financial strength City must defy to survive and kick-start their own brighter financial future.
- CRYSTAL PALACE
Current position: 12th
Owners' estimated worth: £4.5billion - Joshua Harris and David Blitzer
Annual turnover: £150m (£36m loss)
Reported summer 2019 transfer fees: £39m net profit (£11m bought, £50m sold)
Successive seasons in the top flight: 7
Summary: US private equity tycoons Josh Harris and David Blitzer became majority owners in 2015, with chairman Steve Parish retaining a minority stake. Harris and Blitzer also own stakes in the Philadelphia 76ers basketball team and the New Jersey Devils ice hockey franchise in the USA. Reports in October claimed Palace's owners would be willing to sell, valuing the club at around £210m.
Current position: 15th
Owners' estimated worth: £1.5billion - Farhad Moshiri
Annual turnover: £189m (£13m loss)
Reported summer 2019 transfer fees: £39m net spend (£114m bought, £75m sold)
Successive seasons in the top flight: 66
Summary: British-Iranian businessman Moshiri sold his minority stake in Arsenal to acquire the majority stake in the Toffees in 2016, reportedly paying £200m for 49.9pc of the club's shares. Moshiri has since increased that to over 77pc and the steel and energy magnate's reign has seen transfer spending rocket at Goodison Park, with plans for a 52,000 capacity new stadium in the works.
Current position: 2nd
Owners' estimated worth: £4.6billion - Aiyawatt Srivaddhanaprabha
Annual turnover: £159m (£2m profit)
Reported summer 2019 transfer fees: £14m net spend (£94m bought, £80m sold)
Successive seasons in the top flight: 6
Summary: Thailand's duty-free shopping giants King Power International, led by owner Vichai Srivaddhanaprabha, bought the Foxes from Milan Mandaric in 2010 and the company's financial support powered the club's 2016 Premier League title triumph. Situation took a tragic turn when the owner lost his life in a helicopter crash outside the King Power Stadium in October 2018, with son an vice-chairman Aiyawatt since stepping up to continue his father's work.
Current position: 1st
Owners' estimated worth: £2.1bn - John W Henry
Annual turnover: £455m (£125m profit)
Reported summer 2019 transfer fees: £38.7m net profit (£1.3m bought, £40m sold)
Successive seasons in the top flight: 58
Summary: US company Fenway Sports Group added Liverpool to their portfolio in 2010, which also includes baseball team Boston Red Sox and a NASCAR motor racing team. Henry is the majority owner alongside several wealthy investors, including basketball superstar Lebron James having a minority stake. The Reds were bought from fellow US businessmen George Gillett and Tom Hicks, and success since has included last season's Champions League victory. Forbes valued the club at £1.7bn earlier this year.
- MANCHESTER CITY
Current position: 4th
Owners' estimated worth: £3.7bn - Sheikh Mansour
Annual turnover: £500m (£10m profit)
Reported summer 2019 transfer fees: £63m net spend (£135m bought, £72m sold)
Successive seasons in the top flight: 18
Summary: Shekih Mansour bin Zayed Al Nahyan - of the super rich Abu Dhabui royal family bought City in 2008 - and has totally revolutionised the club, with his Abu Dhabi United Group being the majority owner of the City Football Group parent company which is also involved in the ownership of clubs in the USA, Australia, Japan, Uruguay and Spain. Four Premier League titles won, so far.
- MANCHESTER UNITED
Current position: 7th
Owners' estimated worth: £3.6bn - Glazer family
Annual turnover: £590m (£26m profit)
Reported summer 2019 transfer fees: £67.5m net spend (£145m bought, £77.5m sold)
Successive seasons in the top flight: 45
Summary: Malcolm Glazer, who passed away in 2014, had built a commercial real estate empire in the US and had taken over American football franchise the Tampa Bay Buccaneers in the 1990s. After a controversial £1bn takeover of United in 2006, leveraging huge debts onto the club, large dividends have been paid to shareholders in recent years - mostly to the six Glazer siblings who sit on the board. Five titles and a Champions League and Europa League win have been enjoyed since that takeover though.
- Worth of club owners is indicative, not exact, with latest available figures supplied by Forbes or Sunday Times. All financial results for 2017-18 financial year. Transfer fees from soccerbase.com and transfermarkt.com.
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