64 Days
Source:
الاقتصادية
Saudi investor criticizes club management
The article discusses the state of the sports sector in Saudi Arabia, highlighting investor and consultant Khaled Al-Rubaian’s observations of weak management in sports clubs and the absence of an investment-driven vision. This leads to ongoing debts and limited growth in the local market. He emphasizes that many clubs do not prioritize financial returns from deals, relying excessively on government support. Meanwhile, the valuation of clubs like Al-Hilal and Al-Nassr reflects a weak assessment of their true commercial value and revenues. He points out that having star players such as Cristiano Ronaldo enhances the investment value of these clubs and stimulates growth, despite the challenges posed by regulations and legal frameworks. Additionally, he notes that Saudi Arabia lags behind global leagues in investment returns. Building a more organized environment to attract foreign and Gulf investments is crucial for achieving tangible sports and investment achievements.
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