Tuesday, 02 January 2024 12:17 GMT

Alwaleed In Talks To Buy Al Hilal Majority Stake


(MENAFN- The Arabian Post)

Prince Alwaleed bin Talal is negotiating with the Public Investment Fund over a potential acquisition of approximately 75 per cent of Al Hilal Football Club, marking what may become a landmark transaction in the kingdom's football privatisation agenda. The discussions remain preliminary; financial details and final ownership structure have yet to be finalised, and there is a possibility that negotiations might not reach completion.

The Public Investment Fund currently controls that stake, with the remainder held by the Ministry of Sport. The talks reflect part of a broader strategy to rationalise and invite private investment into leading Saudi clubs, a direction aligned with the economic diversification goals under Vision 2030. If concluded, this transfer of ownership would become one of the most prominent private investments in Saudi football.

Al Hilal commands a storied legacy in Asia, carrying a global following and a record haul of domestic and continental honours. Its high-profile presence has been bolstered by blockbuster acquisitions in recent seasons, highlighting its international aspirations and commercial appeal. Prince Alwaleed, a longstanding supporter and high-status patron of the club, would bring both emotional and strategic alignment should the deal proceed.

Saudi football infrastructure has seen a rapid evolution under PIF's stewardship, which by 2023 took majority positions in the kingdom's four marquee clubs, including Al Hilal. This model has allowed for centralized investment in player acquisitions, infrastructure and promotional activity, reinforcing the league's global positioning. Now, the potential shift to private investors could signal a new chapter in club governance and financial stewardship.

Prince Alwaleed's global investment portfolio and business leadership suggest he may offer not only capital but also strategic value to the club's future direction. Industry observers anticipate that his involvement might accelerate expansion into international markets, enhance youth development frameworks and elevate brand partnerships-all while preserving the club's heritage and fan engagement.

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The Ministry of Sport has taken steps to fortify the financial resilience and operational transparency of domestic clubs. A newly introduced financial performance improvement initiative is designed to monitor budget adherence, control expenditures and ensure sustainable growth within a professionalised governance environment. These measures complement the overarching policy to attract private sector participation under Vision 2030's sports sector transformation.

While the outcome of the Alwaleed–PIF discussions remains unresolved, the potential agreement is poised to carry far-reaching implications. It could stimulate comparable privatisation developments, inspire investor confidence in the Saudi football ecosystem and illustrate how heritage clubs can transition into commercially vibrant entities.

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