Back to overview

Tuesday briefing: Saudi Pro League’s four biggest clubs to be taken over by PIF

IMAGO

IMAGO

MSP Sports Capital targets 25 per cent stake in Everton and seats on board

FC Barcelona summer spending plans approved by LaLiga with Messi set to return

Birmingham City, Charlton Athletic, Wigan Athletic set to have new owners

6 June 2023 - 4:30 AM

Newcastle United owners Saudi Arabia’s Public Investment Fund (PIF) are to take control of the four largest teams in the Saudi Pro League, the country’s ministry of sport has announced.

The clubs to be taken over by PIF are the SPL’s founding members: Al Ahli, Al Ittihad, Al Hilal and Al Nassr. PIF will control 75 per cent of the four SPL teams, with the other 25 per cent controlled by a non-profit organisation.

Four other Pro League clubs will also have the

Do you want to read this article?

Get smarter in minutes. Straight to your inbox
21-day free trial

No credit card required. No strings attached. Your access ends automatically, so there’s nothing to cancel.

Activate instantly with the link we’ll send you.