Newcastle United's takeover by Saudi Arabia Public Investment Fund on Thursday created waves in England after it was confirmed that the consortium led by Crown Prince Mohammed bin Salman had bought the club for £300million.
This now means that Newcastle have the richest owners in the world, and here, we take a look at five richest club owners in the world.
1. Saudi Arabia Public Investment Fund (£320bn) - Newcastle United
Headed by Saudi Arabia's Crown Prince Mohammed bin Salman who is understood to be worth £320bn - which makes him the richest football club owner in the world,
The Crown Prince is only 36-years-old and has been the Crown prince of Saudi Arabia since 2017.
2. Qatar Investment Authority (£220bn) - PSG
Qatar Investment Authority who are the owners of Paris Saint-Germain are headed by chairman, Nasser Al-Khelaifi who is the president of the club and also the Chief Executive Officer (CEO) of beIN Sports.
The QIS are reportedly worth £220bn, making them the second richest owners in the world.
3. Sheikh Mansour (£21bn) - Manchester City
Sheikh Mansour is the owner of the Abu Dhabi United Group which owns not only Manchester City, but also Melbourne City FC, New York City FC and Mumbai City FC among others.
Sheikh Mansour is reportedly worth £21bn and has been immensely successful in making City a global brand.
4. Dietrich Mateschitz (£15.7bn) - RB Leipzig & RB Salzburg
Dietrich Mateschitz is an Austrian businessman who is the co-founder and 49% owner of the Red Bull energy drink company, which owns RB Leipzig and RB Salzburg.
Mateschitz is understood to have a net worth of £15.7bn.
5. Andrea Agnelli (£14bn) - Juventus
The chairman of Italian giants, Juventus - Andrea Agnelli is understood to have a net worth of £14bn. The Italian has been a regular presence when it comes to Italian football, with him taking the club to greater heights in the recent past.