Football clubs owned by the Arabs
Football clubs have been spending tons of money on signing new players and paying their salaries. Some were unable to keep up and came close to shutting down. However, thanks to Arab billionaires, who pumped money into these clubs, they are able to breathe again. Check out which clubs are owned by the Sheikhs.
1.Paris Saint-Germain – Qatar Sports Investments
Established in 1970, the club was initially owned by Daniel Hechter, a French fashion designer. After he was involved in a double ticketing scandal, investment firms bought stakes in the club. A constant change of owners is not good for any club and due to that, PSG were struggling at that time. Thanks to the Chairman of Qatar Sports Investments in 2011, Nasser Al-Khelaifi turned the club’s destiny overnight. And once they received the funding, the first thing that they did was sign a host of big names such as Zlatan Ibrahimovic, Thiago Silva, Cavani and David Luiz!
2.Everton FC – Farhad Moshiri
Formed in 1878, Everton FC won their first league championship in 1890 and after that their performance started to drop. While struggling, the club managed to win the FA Cup in 1984 and in 1985, it won its only European Championship to date. The club won the League twice in 1984 and 1986. Since then, they failed to achieve the same success. In 2016, Iranian billionaire Farhad Moshiri bought a 49.9% stake in Everton F.C. Even though they got themselves a perfect investor, Everton’s performance in the Premier League still hasn’t shown much improvement…
3.Manchester City- Abu Dhabi United Group
Previously known as St.Marks, the club renamed itself to Manchester City in 1894. They had a major fire accident that destroyed their stadium and moved to a new one with higher capacity in Maine Road. In short, Manchester was doing okay, they did win a few major trophies like the FA Cup, League Cup and the European Championships. In 2008, Abu Dhabi United Group bought the club and that led to the signing of major footballers.
4.Hull City – Assem Allam
Established in 1904, Hull City had a humble beginning as they didn’t even have a stadium of their own back then. The players were forced to play on a cricket ground! After decades of financial crisis, they made a comeback in 2001. With the help of Steve Bruce, the manager of the club, they started to achieve some success. And in 2010, Assem Allam, an Egyptian businessmen bought the club and invested over £40 million in the club.
5.Malaga CF – Sheikh Abdullah Al Thani
Like the other clubs on our list, Malaga CF also faced a financial crisis and was desperately in need of investments. In 2010, Sheikh Abdullah Al Thani, a member of the Qatari royal family bought the club and the performance of the club improved drastically. However after parting ways with manager Manuel Pellegrini, the club’s performance dropped and the saddest part is in recent years, the Sheikh hasn’t been investing as much…