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Exclusive: To prep for sale of Ronaldo’s Saudi team, PIF pays off $213 million debt

Summary by Semafor
Saudi’s sovereign wealth fund is arranging sponsorship deals to cover the soccer team’s debt.

4 Articles

Lean Right

With the Saudi sovereign fund disinvesting in football, RedBird, owner of AC Milan, wants to take advantage of Portuguese assets to invest in Al Nassr. In order for this to happen, PIF will have to free itself from the debt of the club where Cristiano Ronaldo.

·Lisboa, Portugal
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Semafor broke the news in New York, United States on Monday, October 19, 2026.
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