Saudi Clubs Transition to Modern Ownership Structure
The Saudi Ministry of Sport announced a pivotal administrative step regarding the governance of the kingdom's largest clubs, approving the transfer of non-profit entities' shares to the Public Investment Fund.
Acquisition and Organization Details
The decision involves dissolving the boards of non-profit entities linked to Al-Nassr, Al-Hilal, Al-Ittihad, and Al-Ahli, marking the second phase of a comprehensive institutional transformation. This initiative aims to unify club ownership under a single umbrella that enhances investment appeal and entrenches global management standards.
Transformation Background
This decision extends the first phase implemented in June 2023, where the fund acquired a 75% stake, while non-profits held the remainder, aligning with the Sports Investment and Privatization Project goals.
These clubs are the backbone of Saudi sports, and this decision elevates their institutional model to ensure long-term sustainability and growth.
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