The football world has progressed to the point where some corporate magnates are buying clubs to pad their cash balances.
When it comes to selling a club, its value is determined by its fan base, previous achievements, the cost of its home stadium, and the market value of its players. Let me show you some of the world's largest club sales without further ado.
Newcastle United (5th):
Newcastle United was purchased for £300 million by the Saudi Arabian Public Investment Fund. The agreement was reached in 2020, however it was rejected by the Premier League. The transfer was approved in 2021 after various negotiations.
Valencia, No. 4:
This Spanish club also boasted one of the highest-ever ticket sales. Peter Lim, a Singaporean businessman, purchased the club for £345 million in 2014. The arrangement took the two parties ten months to settle. In reality, he spent £200 million to pay off Valencia's debt and £140 million to build a new stadium.
AC Milan (3rd):
They are one of the most successful clubs in Italy, as well as one of the oldest. In recent years, though, they have not been as successful. Silvio Berlusconi, the club's former owner, sold the club to Chinese businessman Li Yonghong for £600 million in 2016.
Arsenal is number two.
Stan Kroenke purchased Arsenal from Alisher Usmanov in 2018. He already owned 90% of the stock at the time, so he bought the balance to become the sole owner. He also owns the Los Angeles Rams basketball team as well as the Denver Nuggets basketball franchise.
Manchester United is number one in the Premier League.
The Red Devils have become the most valuable football team in history. The club is known as England's most successful club, and its current owner, Joel Glazer, paid £800 million for it. This was the most expensive football sale in history.
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