Public Investment Fund may sell majority stake in Al Nassr
The Saudi Public Investment Fund is currently exploring a deal to sell a 70% stake in Al Nassr Football Club, negotiating with investors led by Red Bird Capital. The transaction is expected to be valued at around 1 billion riyals (approximately $267 million), with star player Cristiano Ronaldo maintaining a 20% stake in the club. The aim of the deal is to strengthen the club's financial position, deepen relations with Ronaldo, and enable the club to benefit from media and marketing partnerships after the sale as part of a sports expansion plan in Saudi Arabia. Sources indicate that negotiations are still in the early stages and that final terms have not yet been determined.
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