Al-Nassr
Coverage of Al-Nassr in the Nexus archive.
- 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.
- Cristiano Ronaldo is soccer’s first-ever billionaire: He went from begging for burgers outside McDonald’s to landing a $400 million contract
Cristiano Ronaldo has become soccer's first-ever billionaire with a net worth exceeding $1.4 billion, driven by a $400 million tax-free contract with Al-Nassr, lucrative Nike endorsements ($18 million annually), and his own CR7 brand. The article highlights his rise from poverty in Madeira, Portugal, to global stardom, noting his 669 million Instagram followers and investments in hotels, gyms, and media.