Already Invested $26 Million in Cristiano Ronaldo’s Al Nassr, $600 Billion Worth Saudi Arabian Fund Set to Make Major Investment Announcement

Saudi Arabia’s Public Investment Fund (PIF) has been making rounds for some time now. Its acquisition of LIV Golf and Newcastle United are the reasons most sports fans became aware of the PIF. Reports state that PIF will take a massive decision that might affect Al Nassr, the club Cristiano Ronaldo plays for.

Let us dive deeper into the details of what PIF major decision PIF is going to take. Let’s inspect how PIF is already associated with Al Nassr and other Saudi clubs.

PIF to take over a few Saudi Pro League clubs?

Saudi Arabia’s PIF is one of the enormous sovereign funds in the world. Its net worth is around $600 billion and is changing the fortunes of the country. PIF has created 77 companies that work in various sectors. They are now focusing on increasing their portfolio of soccer clubs after the Newcastle United acquisition. Reports are linking PIF with investments in diverse soccer clubs globally.

However, recent reports emerging from Saudi Arabia are linking the companies owned by PIF to take over four Saudi Pro League clubs. It will be an impactful decision that will help the Saudi clubs and the league. The Gulf nation is emerging out to be a strong contender for the 2030 World Cup bid with Egypt and Greece. And PIF focusing on the development of stadiums through one of its subsidiaries can be a step forward.

PIF is already present in the Saudi Pro League through its two subsidiaries. They have strategic partnerships with four big clubs of the league.

PIF links with Cristiano Ronaldo and Al Nassr

Cristiano Ronaldo arrived in Saudi Arabia in January this year. He joined Al Nassr in a blockbuster deal that made him the highest-paid athlete in the world. But did you know Al Nassr links with PIF? To create a world-class sporting environment, PIF launched a Giga project named the Qiddiya Project. Last year Qiddiya announced a 20-year strategic partnership with Al Nassr.

The deal will see the club pocketing $26 million a year. Meanwhile, Al Nassr is not only a Riyadh-based club. Qiddiya also has the same arrangement in place for Al Hilal. PIF is also building a common 40,000-plus capacity stadium in Riyadh for both clubs. Another PIF subsidiary, Central Jeddah Development, has a strategic partnership with Al Ittihad and Al Ahli. 

READ MORE: “They Need to Improve” – ‘Happy’ Cristiano Ronaldo Details the Improvements Saudi Pro League Needs to Be the ‘Fifth’ Best in the World

Now reports emerging from Saudi Arabia link a few Saudi Pro League clubs with a complete takeover from PIF or its subsidiaries. With a host of superstars linked with a move to Saudi Arabia and the takeover news, soccer fans are in for a massive story from the nation.

WATCH THIS STORY: Ten Times Cristiano Ronaldo Four Goals in a Game

Let’s embrace ourselves for something enormous.