""Al Hilal is a national symbol and a source of pride for the Saudi people. This acquisition expresses our deep belief in the power of sports as a unifying force and a catalyst for national development.""
""By applying our global investment standards and cultivating strategic partnerships, we will unlock Al-Hilal's full potential while preserving its history and identity.""
""PIF has set ambitious goals for the clubs, enabling them to become successful commercially and professionally and achieve long-term financial sustainability.""
""Today's announcement aligns with PIF's strategy to maximize returns and redeploy capital within the domestic economy.""
The Saudi Public Investment Fund has sold a 70% stake in Al Hilal to Kingdom Holding Company, valuing the club at 1.4 billion riyals. Prince Alwaleed Bin Talal emphasized the acquisition's significance for national pride and sports as a unifying force. The PIF aims to enhance the club's potential while maintaining its identity. The PIF has previously invested in several Saudi clubs and is focused on achieving long-term financial sustainability. Reports suggest potential changes in PIF's funding strategy for LIV Golf.
Read at ESPN.com
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