The Public Investment Fund (PIF) of Saudi Arabia recently acquired a 75% stake in four of the biggest Saudi Arabian football clubs:
- Al Nassr
- Al Hilal
- Al Ittihad
- Al Ahli
The PIF also owns Newcastle United, an English Premier League club.
The acquisition of these clubs is part of the PIF’s strategy to invest in sports and entertainment. The PIF is also planning to build a new sports city in Saudi Arabia.
The acquisition of these clubs has been met with postivie reactions. People believe that it is a positive development that will help to improve the quality of football in Saudi Arabia.
The long-term impact of the PIF’s investment in Saudi Arabian football is expeced to be very positive for the country and for football in KSA.
Next reading: How to Start a Business in the Kingdom of Saudi Arabia
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