All Saudi Top-Tier Football Clubs To Go Private, Says Ministry
The Saudi Pro League's remaining 14 football clubs are up for privatisation, the sports ministry said, after the sale of four top teams sparked a billion-dollar spending spree on foreign stars. Six more clubs from the 18-strong league are available for privatisation next month, followed by the other eight "at a later stage", a statement said late on Wednesday. Saudi Arabia's Public Investment Fund (PIF), the top oil exporter's sovereign wealth vehicle, took a majority stake in Al Hilal, Al Nassr, Al Ahli and Al Ittihad last year.


