Mike Ashley, Ken Bates and more of the most unpopular owners in soccer history
The Newcastle takeover has been approved. Planet Sport looks at the owners who abused power, antagonised supporters and dragged their clubs through the mud, a long way from being fit and proper.
Newcastle United have finally rid themselves of unpopular owner Mike Ashley...or should I say former owner Mike Ashley.
The £300m Saudi Arabian takeover of Newcastle United has been given the thumbs up, and the club now has Crown Prince Mohammed Bin Salman in the owner's hotseat.
But which side of the owners' fence will the Crown Prince fall?
The Midlands duo are fortunate to have owners who have the interests of their supporters at heart as they go out of their way to invest their well-earned money into their teams and the surrounding community.
Sadly, good owners in soccer are quite rare. Bad ones often far outweigh the good guys. Over the years there have been endless stories of owners abusing their power, not taking the demands of supporters into account as they drag their clubs through the mud.
One good thing is that most of the owners on this list are no longer at their clubs. Though the impact of their actions has been felt for years from top to bottom at these teams.
With that said, here are Planet Sport's five worst owners in soccer history, and we start with the most hated man in Newcastle…
1) Mike Ashley - Newcastle United: 2007 - 2021
The owner of the well-known British sportswear shop Sports Direct, Ashley became the owner of Newcastle United in 2007. He bought Sir John Hall's 41% stake in the club which set him back over £55million.
Back then, the club's supporters were hopeful that Ashley could help bring the Magpies closer to their glory days. In the 90s, Newcastle finished second in back-to-back seasons in the Premier League.
Over the past 14 years, they have been relegated down to the Championship twice with the rest of their time in the top flight being spent lingering around the bottom half of the table.
The likes of Chris Hughton and Rafael Benitez were well-liked as managers of the club, yet they were limited by the actions of Ashley.
A Saudi Arabian-based group attempted to buy Newcastle United in 2020. This was initially blocked by the Premier League and the reign of Ashley continued. But on October 7 2021 the takeover was approved.
2) Ken Bates - Chelsea: 1982-2003
Bates was in charge of the Blues for 21 years. He purchased the West London club for just £1 with them in serious financial trouble.
While the owner helped to stabilise Chelsea as a First Division club, he did not exactly have the best relationship with the club's supporters.
Earlier in the 1990s, Bates had a high-profile fallout with Matthew Harding, who at the time was Chelsea's vice-chairman. This led to Harding being banned from the club boardroom.
Bates left Chelsea in 2003 when Roman Abramovich bought the club for around £140million. He later went on to take over at Partick Thistle and Leeds United - and speaking of the Yorkshire outfit…
3) Peter Risdale - Leeds United: 1997-2003
Risdale actually enjoyed a successful first few years in charge of Leeds. He was the owner when they reached the Champions League semi-final in 2001.
🗣"Should we have spent so heavily in the past, probably not, but we lived the dream, we enjoyed the dream!" 🤣
— Football Daily (@footballdaily) September 7, 2020
Former Leeds United chairman Peter Risdale with one of the greatest quotes in football! 👏 pic.twitter.com/NpptbPwX2r
They finished 15th that season and in March, Risdale stepped down. Leeds were relegated the season after and further struggles led to them being relegated again down to League One from the Championship.
Risdale suggested that "it is a myth that we overspent". Thankfully, Leeds have now recovered and they are back where they belong in the Premier League.
4) Craig Whyte - Rangers: 2011-2012
Whyte, a Rangers supporter, took over in 2011 from Sir David Murray. Their debt was reassigned to Whyte's company Liberty Capital.
Celtic and Rangers were at the forefront of Scottish football and the latter had not been relegated from the top division in 121 years.
Whyte's takeover led to their downfall, though. He relied on money from the supporters to gain control of Rangers and then he did not invest any of his own money to help with Rangers' ongoing financial hardship.
The Scottish giants have since bounced back with Steven Gerrard, they won their first Premiership title in ten years last season. This is no thanks to Whyte, however, as the years of heartache was largely down to the careless actions of the so-called Rangers supporter.
5) Zeljko Raznatovic - FK Obilic: 1996-1998
Arkan turned his hand to football in 1996 when he took over at Serbian outfit FK Obilic. They were in the second division when he gained ownership in 1996/97, but they earned promotion that season to set up games against the likes of Partizan and Red Star.
While the club were successful on the pitch, the behaviour of the owner off the pitch did not reflect it.
In 1998, UEFA revealed that they would not allow Obilic play in Europe as a result of Arkan's actions. To counter this, he stepped aside and his wife, Svetlana Raznatovic, replaced him.
Arkan was later assassinated in January 2000 and Obilic have plummeted down the divisions over the past 15+ years. Since 2015, Obilic have not competed in competitive games. They suffered seven relegations before then which ended with them being relegated to the Belgrade Second League - an amateur division in Serbia.