A big push is underway to develop Saudi Arabia's domestic football league and attract the globe’s top talent
The Jeddah-based Al-Ittihad have signed Balon D’or winner Karim Benzema on June 6 after his contract with the Real Madrid expired at the end of the season, following a trophy laden spell at the Bernabéu. / Photo: Reuters
Romelu Lukaku, Neymar, Sergio Ramos, Angel Di Maria and Sergio Busquets and other leading players have also been linked to join various SPL clubs.that Public Investment Fund , the Kingdom’s sovereign wealth fund, which has an 80 percent stake in Premier League football club Newcastle United, will take majority stakes in SPL’s top four football clubs - Al Ittihad, Al Nassr, Al Hilal and Al Ahli.
“However, in recent times, the Saudi government has initiated efforts to privatize these clubs, allowing private investors to acquire ownership stakes and assume control over their management and operations,” she tells TRT World.The change in the football clubs’ ownership structure is part of Kingdom's 2030 broader plan to shift away from hydrocarbons by diversifying its economy.For instance, top division club Al-Qadsiah will go to Saudi oil giant Aramco.
Players like Ezequiel Lavezzi, Hulk, Carlos Tévez, Jackson Martinez, Paulinho, Renato Gusto flocked to China alongside managers like Marcello Lippi who famously helped oversee Italy’s 2006 World Cup victory. Saudi clubs have historically been overseen by the Ministry of Sports and owned by the Saudi government, reliant on hefty state funding.“During the late seventies and the eighties, Saudi football experienced significant growth with the addition of foreign expertise. Notably, prominent Brazilian coaches such as Didi and Mario Zagallo were hired to coach Al-Ahli and Al-Hilal football clubs, respectively, in 1977 and 1978,” says Thani.
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