Saudi Arabia's four biggest clubs, Al Nassr, Al Ittihad, Al Ahli and Al Hilal, will all be transferred to PIF from 2023. At that time, the fund will hold 75% of the shares, with the rest belonging to the Saudi Arabian Ministry of Sports .

Saudi Arabia's Public Investment Fund puts Al Nassr up for sale (Photo: Getty).
This move has paved the way for a spending spree in the transfer market, bringing a series of famous stars such as C. Ronaldo, Neymar, Karim Benzema to the Saudi Pro League. However, according to journalist Ahmed Al-Ajlan, PIF is changing its strategy, wanting to divest and look for new investors. The sale will also include the 25% stake held by the Ministry of Sports.
Sources say Al Hilal is at the center of the ownership race, with Prince Al Waleed bin Talal considered the leading candidate, surpassing Prince Abdullah bin Mosaad (former owner of Sheffield United). Prince Al Waleed is currently an honorary member of Al Hilal, and even used his private Boeing 747 to bring Neymar to the club in 2023.
The PIF’s heavy investment in the “big four” and its massive spending campaign is seen as a move to demonstrate its determination to develop football within the framework of Saudi Arabia’s Vision 2030 project. However, the government has recently launched a “club financial efficiency improvement” project, focusing on budget monitoring, spending control and long-term sustainability.
This summer, all four "big guys" of Saudi Arabian football spent a lot of money in the transfer market. Al Hilal spent 76 million pounds to bring in Darwin Nunez (Liverpool) and Theo Hernandez (AC Milan). Al Nassr spent 64 million pounds on Kingsley Coman (Bayern Munich) and Joao Felix (Chelsea), and also extended the contract of C. Ronaldo for another two years, with a total value of up to 492 million pounds.

Al Hilal, the club that recently represented Saudi Arabia in the FIFA Club World Cup, is also up for sale (Photo: Getty).
Al Ahli recruited Enzo Millot (Stuttgart) for 27 million pounds, while Al Ittihad spent the most modestly, about 19 million pounds, to buy two players, Ahmed Al-Julaydan and Hamed Al-Ghamdi.
This figure is still much lower than the summer of 2023, when the total spending of the four Saudi Arabian clubs is approximately 750 million pounds.
Notably, the sale of the four top clubs comes after the Saudi government announced plans to privatize its football teams. Last month, the country's Sports Ministry confirmed the completion of the sale of Al-Kholood Club to the US corporation Harburg Group, while Al-Zulfi and Al-Ansar Clubs were transferred to domestic investors.
Recently, the Saudi Arabian Ministry of Sports continued to invite investors interested in other clubs such as Al-Najma and Al-Okhdood, marking the second phase of the privatization project.
If successful, the sale of Al Nassr and the remaining three major teams will create an important turning point, opening a new era for Saudi Arabian football. They will shift from a state investment model to a sustainable development based on socialized resources.
Source: https://dantri.com.vn/the-thao/clb-so-huu-cronaldo-bat-ngo-bi-rao-ban-20250823115805148.htm
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