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Ittihad Ownership Race
Three consortiums are competing to acquire Al-Ittihad Club, according to *Al-Riyadiyah*: a group comprising the American Glazer family and businessman Wael Jamjoom; one led by Prince Saad bin Abdullah and American investor Joshua Harris; and a partnership between Sidra Capital and Blue Five Capital, led by Abdulrahman and Sultan, the sons of Khalid bin Mahfouz. The third consortium is currently considered the frontrunner after submitting the highest financial offer, meeting the qualification requirements, and presenting a strong investment plan. The Public Investment Fund is reviewing the submissions, with the process expected to continue through the end of next year. The second consortium plans to appoint Hamad Al-Sunaie as CEO if it wins the acquisition.
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