PIF in talks to sell 70% of Al-Nassr with Ronaldo holding 20%
The Saudi Public Investment Fund (PIF) is negotiating to sell a 70% stake in Al-Nassr Club to investors led by the American company "Redbird Capital," the owner of AC Milan. There is also a possibility that Cristiano Ronaldo will retain a 20% stake. The potential deal is valued at approximately 1 billion Saudi Riyals (around $267 million). It also includes prospects for establishing commercial sponsorship agreements with companies within the PIF’s portfolio, aiming to improve the club’s financial situation, which currently has debts exceeding 800 million Riyals (about $213 million). This move is part of the PIF’s efforts to address Al-Nassr’s financial crisis and to ensure the club’s sustainability and financial stability, as negotiations with potential investors continue.
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