Saudi Arabia plans for wave of private investment in local pro football
A spending spree is on in the Gulf to develop leagues and facilities
Cristiano Ronaldo is marked by Raed's Saudi midfielder #14 Mansor al-Beshe during the Saudi Pro League football match between Al-Nassr and Al-Raed in Riyadh's Al-Awal Park Stadium on March 7. (Photo: Getty Images)
Nassr's Portuguese forward #07 Cristiano Ronaldo is marked by Raed's Saudi midfielder #14 Mansor al-Beshe during the Saudi Pro League football match between Al-Nassr and Al-Raed in Riyadh's Al-Awal Park Stadium on March 7, 2024. (Photo by Fayez NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)
Saudi Arabia is looking to lure private capital to its local pro football clubs amid a push in the region to nurture a sports and leisure sector.
“We expect to have another wave of privatization coming up soon,”...