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PIF Reviews Three Bids
The ownership transfer process for Al-Ittihad Club has entered its final stage, with three closely matched consortium bids in contention as the Public Investment Fund reviews the offers to select a new owner. The consortia include Sidra Financial and BlueFive Capital; the Glazer family and businessman Sohaib Jamjoom; and Prince Saad bin Abdullah and American businessman Josh Harris. Details of the financial valuations and the date of the ownership announcement have not been disclosed.
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