Arab tycoons in the business industry have shown a strong interest in investing in European football clubs. As a result, they tend to sponsor the expansion of those teams by pouring in funds to enable them to sign major names and players who will improve the team’s performance and help them contend for the league title.
European football clubs have grown into global brands which all have quite impressive followings from around the world. Investing in them and helping them grow even more are wealthy Arab businessmen who own some of the world’s most prestigious clubs.
1. Hull City Tigers F.C.
Hull City was founded in Yorkshire, England, in 1904. The team had to fight multiple battles just to get their own stadium. Furthermore, the team was suffering in the second division and had no success. In 1930, Hull City was relegated to the third level.
As a result, the team failed to win any trophies and was relegated to the fourth level in 1980. At the time they were also experiencing a terrible financial crisis and a massive collapse. However, the club was purchased by Egyptian businessman Assem Allam in 2010. Mr Allam was a student at Hull University, where he enjoyed being a part of the community and had long aspired to own Hull City F.C. As a result, when he bought the club, he vowed to invest more than £40 million on it. The club got promoted to the Premier League in 2013 shortly after his arrival.
2. Malaga C.F.
In 1904, the club was created with the goal of promoting a new age of Spanish football. The club managed to get promoted to La Liga in 1949. However, the club faced several hardships that led to its decline and sadly, more financial difficulties. The team was relegated to the second tier once more in 2007.
However, in 2010, Sheikh Abdullah Al Thani, a member of Qatar’s royal family, purchased the club. With Qatari finances, he was able to sign important players like Martn Demichelis and Jlio Baptista. As a result, the club improved considerably and finished fourth in La Liga in 2011-2012.
For the first time in its history, the club competed in the Champions League. The club had a strong performance in the group stage, winning all of their games and even defeating AC Milan of Italy! The club even came close to reaching the semi-finals!
3. Everton F.C.
Everton has endured a period of insecurity that has prevented the club from performing consistently over the years. Henry Catterick in 1961 and Howard Kendall in 1981 were among the managers who took control. Everton enjoyed a period of success with Kendall, both locally and internationally. Everton won the FA Cup in 1984 under Kendall’s guidance. In 1985, it won its only European Championship. In addition, in 1984 and 1986, the club won the League both times.
Farhad Moshiri, a British-Iranian billionaire, purchased a 49.9% stake in Everton Football Club. He previously owned Arsenal shares, which he had to sell in order to purchase Everton. Moshiri is the ideal investor with a net worth of $2.6 billion. Despite the fact that their Premier League performance hasn’t improved significantly, the club will undoubtedly make use of his funds in the near future.
4. Manchester City F.C
Manchester City is one of Europe’s and the English Premier League’s most prestigious clubs. Several times, the club has won the league. This is mostly due to the excellent calibre of the coaching staff, which is overseen by Pep Guardiola, an ex-Barcelona manager.
As a result of the Sheikh’s backing, Manchester City was able to sign football legends who forever transformed the club’s legacy. Thus, Manchester City was able to maintain its winning streaks and compete with the best clubs in Europe!
5. Paris Saint-Germain F.C.
When Nasser Al-Khelaifi, chairman of Qatar Sports Investments, bought Paris Saint-Germain in 2011, everything changed. The club was purchased for €80 million by the group. The entrance of Nasser Khelaifi altered the club’s financial situation. Until he arrived, the club had been losing a lot of money. The initial move made by the club was to get some of the top players… Within a few months after their arrival, Zlatan Ibrahimovic, Thiago Silva, Cavani, and David Luiz were all purchased.
The club stunned the globe when it paid a stunning €222 million to Barcelona for Brazilian superstar Neymar. The offensive trinity of Neymar, Cavani, and Mbappe are the most expensive forwards in the world.
6. Newcastle United F.C.
Newcastle United has been purchased by the Saudi Public Investment Fund (PIF), which is chaired by Saudi Crown Prince Mohammed Bin Salman, along with UK-based billionaire brothers David and Simon Reuben. Saudi Arabia would own almost 80% of Newcastle United under the terms of the agreement.
With all of the money that will be poured into improving the team’s performance and name in European football, the club is expected to recruit phenomenal players shortly and want to reach the top of the league table.
7. Sheffield F.C.
In 2013, a member of the Saudi royal family, Abdullah bin Mosaad bin Abdulaziz Al Saud, paid $12.7 million for 50% of Sheffield United. As a result, Abdullah bin Mosaad bin Abdulaziz Al Saud is the club’s sole owner. Al Saud was one of the earliest investors in the club.
8. Aston Villa F.C.
Nassef Sawiris, the world’s richest Arab, and Wes Edens, co-founder of the American Fortress Investment Group, bought 55 % stake in Aston Villa in 2018. Aston Villa was one of the Premier League’s 12 founding members and a dominant force in its early years, but when Sawiris and Edens took over, it was in the second division. Over the years, it was promoted to the Premium League with a strong performance against top clubs.
WE SAID THIS: Don’t Miss… Meet The Middle Eastern Footballers Who Made It To The Biggest Leagues In Europe