Read about Richard Masters net worth, age, wife, children, height, family, parents, salary and Premier League CEO as well as other information you need to know.
Introduction
Richard Masters is a British football executive, the current chief executive of the Premier League, the highest tier of association football in England.
Early life
| Name | Richard Masters |
| Net Worth | $10 million |
| Occupation | Premier League CEO |
| Age | |
| Height | 1.78m |
Richard Masters was born and raised in England. He is the son of British parents and his education consisted of attending the independent Solihull School, which led to him identifying as an Aston Villa supporter. He later studied for a BSc in Economics and Geography at University College London.
Masters was the Marketing Manager for England and Wales Cricket Board from 1994 to 2000, before serving as Commercial Director for t he English Football League from 2001 to 2006. He moved to the Premier League in 2006 where he became the Director of Sales and Marketing, holding the position from January 2006 until November 2018.
Career
Richard Masters was appointed as the Chief Executive of the Premier League in November 2019, following a year-long interim period in the position after the previous incumbent Richard Scudamore’s resignation in December 2018.
Masters’ role of Chief Executive was created after Richard Scudamore’s Executive Chairman role was split into the two roles of Chief Executive and Chairman following Scudamore’s resignation. Whilst Gary Hoffman was appointed as the new chairman on 24 April 2020, Masters retains authority as holding the highest position at the Premier League, with his other responsibilities including leading negotiations on new media rights contracts, resolving club disputes and ownership issues, and overseeing operations.
He was the Premier League’s fourth choice for the role, following a protracted recruitment process that involved Susanna Dinnage, Tim Davie and David Pemsel all being offered, but later declining the position. There were accusations that the biggest teams in the Premier League held too much influence over the process, with Liverpool and Manchester United alleged to have held private talks with candidates chosen by the Premier League’s offici al nominating committee, before deciding whether or not to enact their unofficial veto over the decision.
On 9 September 2020, Richard Masters was accused by Newcastle United of not “acting appropriately” in relation to the Premier League’s blocking of the attempted takeover of the club by a consortium consisting of PCP Capital Partners, Reuben Brothers and the Public Investment Fund of Saudi Arabia. This was following accusations from the consortium that the Premier League had deliberately misapplied their Owners’ and Directors’ test in order to frustrate the deal, due to improper influence from various third parties to block it.
On the 29th September 2021, a Competition Appeal Tribunal heard that Masters and the Premier League “Abused its position” after it was “improperly influenced” by outside agencies such as the Qatari-owned media outlet, BeIN Sports.
Richard Masters told the MPs on March 28, 2023, that he could not comment on whether Newcastle’s connection with Saudi Arabia was being reinvestigated following a US court case, which described the Saudi PIF as “”a sovereign instrumentality of the Kingdom of Saudi Arabia”. The court case also said about the PIF Governor and the Newcastle chairman, Yasir Al-Rumayyan, that he is “a sitting minister of the government” with “sovereign immunity”. It raised concerns about the degree of independence between PIF and Newcastle.
On 9 September 2020, Masters told the BBC that it was “absolutely critical” for fans to be allowed back into stadiums to watch Premier League matches as soon as possible, as Premier League clubs stood to suffer £700m in lost revenue if the 2020–21 season (running from 12 September 2020 to 23 May 2021) was played behind closed doors. However, on 22 September 2020, Prime Minister Boris Johnson announced that spectators would continue to be banned from attending all sporting events in England until the end of March 2021, at the earliest.
Wife
Richard Masters is a married man and has children with his wife. As of July 2023, he has two sons with his wife.
Richard Masters net worth
How much is Richard Masters worth? Richard Masters’s net worth is estimated at around $10 million. His main source of income is from his primary work as Premier League CEO. Richard Masters’s salary per month and other career earnings are over $1.5 million dollars annually. His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential sports CEO’s in the world. He stands at an appealing height of 1.78m and has a good body weight which suits his personality.