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Public Investment Fund eyes selling 70% of Al Nassr stake
The Saudi Public Investment Fund is discussing the sale of its 70% stake in Al-Nassr Club, with a potential deal valued at around 1 billion SAR (approximately $267 million), which may involve sharing with investors, including Redbird Capital. The goal of this deal is to strengthen the club’s financial position and pursue sports expansion within the Kingdom, while negotiations over the final terms are ongoing. The deal could help reduce costs and enhance the club’s regional and international presence, especially through its association with star Cristiano Ronaldo. If finalized, the transaction would elevate the club’s status and expand its investments in sports and media.
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