Saudi Arabia privatises football clubs, eyes big-name signings

Saudi Arabia’s sovereign wealth fund will take control of four of the kingdom’s top football clubs including Al Nassr, which Cristiano Ronaldo plays for, as the government revives a plan to privatise several state-owned sports clubs.

The Public Investment Fund (PIF) will own 75 percent of Al Ittihad, Al Ahli, Al Nassr, and Al Hilal, the sports ministry said on Twitter on Monday, following a report by state news agency SPA that Saudi Arabia will privatise several sports clubs from the fourth quarter.

All are in the top-flight Paris Saint-Germain on Saturday and is weighing offers from Saudi Arabia and Inter Miami in Major League Soccer.

However, reports in Spanish media say he favours a potential return to Barcelona, where he spent 16 years before reluctantly leaving the financially troubled club for PSG in 2021.

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