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

aljazeera.net

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Financial and investment movements could pave the way for a new phase in the Al-Nasser Club, one of the most prominent clubs of the Saudi League, amid negotiations the details of which have yet to be resolved.

Telegrafi

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Al Nassr, the club where Cristiano Ronaldo plays, is facing major financial problems, while the possibility of a change of ownership has emerged. According to Italian media reports, Gerry Cardinale, the owner of Milan through the company RedBird Capital Partners, is considering the possibility of purchasing a majority stake in the Saudi club. According to Gazzetta dello Sport, Al Nassr's debts have reached over 800 million Saudi riyals, around 2…

IndexHR

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SAUDI football club Al Nassr is facing major financial problems.

Sapo

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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.

sportal.bg

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RedBird, the company that owns Italian giants AC Milan, is considering acquiring Al-Nassr, according to US sources. According to Semafor, the Public Investment Fund of Saudi Arabia (PIF) will cover a debt of 800 million riyals, equivalent to about 190 million euros, of Al-Nassr, the club whose colors are defended by football stars such as Ronaldo, Sadio Mane and Joao Felix.