Three conglomerates compete for 70% of Saudi Al-Nassr Club, and Ronaldo appears in the scene
Saudi Al-Nassr FC is entering a new phase in its investment history as a race begins between three major consortiums seeking to acquire a majority stake (70%) of its ownership, days after the Public Investment Fund began reviewing its stakes in fan-owned clubs.
The first investment consortium, managed by a well-known financial firm in the Saudi market, has submitted a formal expression of interest to acquire 70% of the club’s shares, according to Asharq sources.
This consortium includes prominent businessmen such as Mohamed Al-Kharji, owner of Spanish club Almeria, and the name of Portuguese star Cristiano Ronaldo has emerged as one of the partners in the proposed group.
This consortium also has support from local investment figures, and plans to attract Ibrahim Al-Muhaidib, who previously chaired the club, to take over management if the deal is completed.
Alongside the first consortium, a second group led by Ibrahim Al-Muhaidib is studying options to enter the competition through an investment fund comprising four prominent investors with experience in managing the club. The group is currently evaluating the deal’s details and determining the feasibility of participation.
As for the third consortium, it is centered around a prominent Al-Nassr figure who previously ran for the club’s presidency, and has the support of a family known for its long history with Al-Nassr. The group is currently studying the establishment of an independent investment entity to submit a comprehensive offer when the field is officially opened for competition.
The current moves come amid rising investor interest in the club due to its significant commercial value and large fan base, in addition to the experience of Al-Hilal FC, whose ownership underwent a similar transformation months ago after Kingdom Holding Company acquired 70% of its stake.
According to the expected ownership structure, 70% of Al-Nassr’s ownership will transfer to the new investor, while the Public Investment Fund will retain a 30% stake. This shift is part of a broader plan to restructure major clubs and open the door to new investment flows in the sports sector.
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