It’s a world of rich men
Talking points for the 2020-21 season
After reading a newspaper article detailing how much money was spent on transfers over the past few seasons, I decided to research the Premier League owners value (table below). Of course, he was remarkably similar to the rankings of the past few seasons.
Every owner but one was a billionaire with the exception of Burnley, who is part of an investment consortium that is reported to change in the near future. Surprisingly, Everton and Liverpool are way down the list, not far from the bottom.
Unsurprisingly, at the top was Manchester City, which also led the money spending chart. Their owner Sheikh Mansour, owner of Abu Dhabi Petroleum, has a net worth of around £ 20 billion. Remembering parts of the relationship when he took control, that his family who ran Abu Dhabi were extremely wealthy, I then looked for the wealth of the Massoud family.
The Massoud family of Abu Dhabi, United Arab Emirates, is worth $ 1,000 billion. It’s a trillion dollars. The Manchester City owner has access to a bottomless pit of wealth that will never run out.
So the question is: how do you compete with that?
The answer is that in reality it is not possible in the long run. Manchester City have shown that they can buy the best players and managers together. Financial fair play was introduced in an attempt to level the playing field. It seems to be taking a step back now.
There has been a transition since I started watching Everton in the sixties. Then, a club’s wealth seemed to be determined by the size of the fan base. Today, when evaluating the wealth of a club, the first thing one looks for is the wealth of the owner. It’s not really the same thing, but it’s what makes the difference if the owner is funding expenses.
When you look at the relative wealth of Premier League owners (see table below), we are surprisingly low in the table at 12th, just ahead of our park neighbors. In addition, we are once again surprisingly well below several club owners whose clubs I would have considered less wealthy than Everton a few years ago.
Obviously, it’s not just the owner’s wealth that matters (apart from Man City), but his willingness to spend it and the funds generated by the business side of the club. The latter is an area where we are far behind successful clubs and where our neighbors profit.
Of course, there will be cases where everything comes together for a club, like when Leicester City won the Premier League unexpectedly, but how can a club consistently make it into the top four?
Coming back to our neighbors again, their policy is to buy young potential players, develop them and sell them for a higher price if possible at some point. This is not easy to achieve without the highest level of football knowledge available.
When it comes to Everton, we seem to be struggling both footballing and financially. To be fair, Moshiri made money available to successive football managers and directors but, in general, most of it was wasted. He’s not rich enough to do it year after year.
The indications are that this summer we will have £ 50million plus cash generated from sales. Otherwise, the policy seems to be to wait until the new land is built, which should significantly improve the business model if the debt allows it.
Overall there is a lot of money in the Premier League that has changed English football and not at all for the better. So it’s extremely difficult to predict what will happen to Everton over the next decade.
Club: Owner; Value
Man City: Cheikh Massoud; $ 22 billion
Chelsea: Abramovich; $ 14.5 billion
Aston Villa: Nassef Sawiris, Wesley Edens; $ 10.4 billion
Wolves: Guo Guangchang, Liang Xinjun, Wang Qunbin; $ 9.14 billion
Arsenal: Kroenke; $ 8.2 billion
Crystal Palace: Steve Parish, Joshua Harris, David S Blitzer; $ 5.7 billion
Tottenham: Joe Lewis, Daniel Levy; $ 4.9 billion
Manchester Utd: Glazer family; $ 4.7 billion
Leeds Utd; Andrea Radrizzani, 49’ers Enterprises; $ 4.0 billion
Southampton: Gao Jisheng, Katharina Liebherr; $ 4.0 billion
City of Leicester: Vichai Srivaddhanaprabha; $ 3.7 billion
Everton: Farhad Moshiri, Bill Kenwright $ 2.9 billion
Liverpool: John Henry Tom Werner; $ 2.8 billion
Newcastle Utd: Mike Ashley; $ 2.5 billion
West Ham Utd: David Sullivan, David Gold, Albert Smith; $ 1.6 billion
Watford: Gino Pozzo; $ 120 million
Norwich City: Delia Smith, Michael Wynn-Jones, Michael Foulger; $ 30 million
Brentford: Mathew Benham; $?
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Published on 6/10/2021 6:15:44 PM
Clive the game has certainly changed over the past half-decade, with every club in and around the Premier League appearing to have rich support, and the inevitability of a closed European League seems closer and closer.
Apparently, Moshiri will be increasing his wealth very soon, when he receives his share of the dividend from his 10% stock in Metalloinvest, which would issue dividends totaling around £ 500million shared between each of its major shareholders.
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