The owners of Manchester United, Liverpool and Arsenal could all stand to lose ‘billions’ after US President Donald Trump’s latest announcement, it has been claimed.
Trump announced a series of reciprocal tariffs on countries worldwide on Wednesday, on a day he dubbed as ‘Liberation Day’.
The White House has reasoned that Trump wants to reduce the gap between the value of the goods that the nation buys from other countries and the value of those it sells to them.
However, the policy quickly came under criticism – not only for the nature of tariffs but also the calculations that the White House used to calculate them.
And global stock markets have not reacted well either, with the US stock market index Dow Jones down to an eight-month low on Sunday.
And The Telegraph report that the FTSE 100 – Britain’s leading stock market index – was down by 6.3 per cent.
United, Liverpool and Arsenal are all fully or majority owned by American businessmen or businesses.
The Boston-headquartered Fenway Sports Group owns Liverpool, while Kroenke Sports & Entertainment – based in Denver, Colorado, is in full control of Arsenal.
And Manchester United, of course, are majority owned by the often much-maligned Glazer family, whose holding company operates out of Rochester, New York.
Image: Twitter/@PopCrave
As per Forbes, Stan Kroenke has a real-time net worth of $18 billion – making him the 104th-richest person on the planet.
Meanwhile, the six members of the Glazer family each hold a net worth of $1.7 billion. None of their net worths place them in the top 500 as individuals, though their holdings in United and the Tampa Bay Buccaneers are said to be worth around $2.88 billion and $4 billion respectively.
And Liverpool chief John W. Henry’s net worth stands at $5.5 billion, making him the world’s 602nd-richest person. Combined with Reds chairman Tom Werner’s $2 billion net worth, the pair would be in the top 500.
Bloomberg have reported that, as per their Billionaires Index, the 500 richest people in the world have seen ‘the biggest two-day loss ever recorded’ off the back of Trump’s tariff announcement.
It is reported that billionaires on the wealth list have lost a staggering combined total of $485 billion since the stock markets opened on Thursday.
The report adds that, away from sport, the highly controversial Meta founder Mark Zuckerberg has lost a staggering $17.9 billion since Thursday – more than anyone else on their list.
