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The Nexus
BUSINESSJul 30 · 11:55 UTCSEMAFORAdrian Elimian

Saudi soccer enters an era of prudent spending

Saudi soccer clubs are shifting from high-spending strategies to prudent financial management due to debt and revenue constraints. Al-Nassr, owned by the Public Investment Fund (PIF), faces a financial crisis exceeding $213 million in debts and has halted transfers, while Al-Hilal, now under billionaire Prince Alwaleed bin Talal, remains an exception with significant spending. PIF is restructuring its sports investments, reducing support for clubs like Al-Ittihad and Al-Ahli.

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