‘Billions’ might be at stake for the owners of Manchester United, Liverpool, and Arsenal as a result of the most recent pronouncement made by the President of the United States, Donald Trump, according to sources.
On a day that he referred to as “Liberation Day,” President Trump made the announcement that he would be imposing a series of reciprocal tariffs on countries all across the world.
According to the White House, President Trump’s goal is to narrow the difference between the value of the products that the United States purchases from other nations and the value of the goods that the United States exports to those other countries.
On the other hand, the policy soon became the subject of criticism, not only because of the characteristics of tariffs but also because of the calculations that the White House employed in order to determine them.
And the stock markets throughout the world have not responded well either, with the Dow Jones index of the United States stock market falling to its lowest point in eight months on Sunday.
Additionally, according to The Telegraph, the FTSE 100, which is the most prominent stock market index in the United Kingdom, had a decline of 6.3%.
United, Liverpool, and Arsenal are all owned by American individuals or companies to a greater or greater extent than their competitors.
Liverpool is owned by the Fenway Sports Group, which has its headquarters in Boston, whereas Arsenal is under the complete discretion of Kroenke Sports & Entertainment, which has its headquarters in Denver, Colorado.
Furthermore, Manchester United is owned by the Glazer family, who are frequently subjected to criticism, and whose holding company is based in Rochester, New York. Both of these facts are common knowledge.
The current net worth of Stan Kroenke is estimated to be $18 billion, placing him at the 104th spot on the list of the wealthiest people in the globe, as reported by Forbes.
While this is going on, each of the six members of the Glazer family has a net worth of $1.7 billion. It is estimated that their shares in United and the Tampa Bay Buccaneers are worth around $2.88 billion and $4 billion, respectively, despite the fact that none of their individual net worths rank them among the top 500 richest people in the world.
As for Liverpool manager John W. Henry, his net worth is currently estimated to be $5.5 billion, which places him as the 602nd richest person in the world. When combined with the net worth of Reds chairman Tom Werner, which is estimated to be $2 billion, the two would be among the top 500.
Bloomberg has claimed that, according to their Billionaires Index, the 500 richest people in the world have seen “the biggest two-day loss ever recorded” as a result of Trump’s decision regarding tariffs.
With the opening of the stock markets on Thursday, it has been reported that billionaires on the wealth list have suffered a shocking total loss of $485 billion since the beginning of the trading day.
Aside from the realm of sports, the article also notes that Mark Zuckerberg, the inventor of the very contentious Meta platform, has suffered a phenomenal loss of $17.9 billion since Thursday, which is more than any other individual on their list.
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