Topic
Ownership Change
6 articles
Articles tagged “Ownership Change”

PIF has changed his involvement in soccer by completing the sell of Al Hilal to their new owners, a situation Cristiano Ronaldo and Al Nassr are watching closely. The Public Investment Fund (PIF) has taken significant new steps toward the privatization of Saudi Arabian soccer clubs. As Cristiano Ronaldo and Al Nassr watch the next moves closely, the PIF has officially announced the sale of Al Hilal to a new ownership group. In a press release issued on April 16, the PIF announced an agreement with Kingdom Holding Company (KHC) for the acquisition of a 70% stake in Al Hilal Club Company. The firm, led by Prince Al Waleed bin Talal Al Saud, will now serve as the club’s majority owner, while the PIF retains a 5% interest in the share capital. As a cornerstone of Saudi Arabia’s “Sports Clubs Investment and Privatization Project,” the PIF became the majority shareholder of Al Hilal, alongside Ronaldo’s Al Nassr, Al Ahli, and Al Ittihad, in July 2023. This initial investment was designed to accelerate club growth and increase the sports sector’s overall contribution to the Saudi GDP. A new strategy is now taking shape with the completion of the first of these four sales, as the PIF seeks to maximize returns and redeploy capital within the domestic economy. This gradual exit from majority ownership aims to guide the clubs toward financial sustainability while the PIF maintains a role as a minority shareholder or strategic partner. PIF and Kingdom Holding Company’s representatives arrange deal over Al Hilal. In a statement released on PIF’s website, KHC Chairman Alwaleed Bin Talal Bin Abdulaziz Al Saud reflected on the landmark deal: “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.“ Al Nassr, Al Ahli, and Al Ittihad up next Al Hilal represents only the first phase of this divestment process. Following this precedent, the PIF will move forward with the sales of Al Nassr, Al Ittihad, and Al Ahli, seeking suitable suitors to continue the clubs’ professional development. Reports have already revealed that, alongside a new contract signed in June 2025, Cristiano Ronaldo acquired a 15% ownership stake in Al Nassr valued at £50 million (approximately $66.7 million). As the PIF actively pursues new majority owners for the club, the Portuguese legend is positioned to assume an even more significant role in the organization. According to journalist Ben Jacobs, Al Nassr is encouraging Ronaldo to increase his equity, further deepening his ties to the Saudi side’s ownership structure. With club sales expected to be phased over the coming years, the soccer icon could see his influence grow significantly in the near future.

Cambio di proprietà per la squadra allenata dal tecnico italiano ex Inter e Lazio.

Colchester United have declared an unnamed consortium are in talks to buy the club amid rumours John Terry is set to become the new co-owner. Reports have claimed that the Chelsea legend is part of…

Ex-QPR owner Tony Fernandes has bought a 40 per cent stake in Dagenham and Redbridge, talkSPORT understands. Fernandes, who was a shareholder at QPR between 2011 and 2023, is set to join influencer…
Jenny Chiu, Lisa Carlin, Christin Cupo and Darian Jenkins react to the latest news around women's football. They discuss the latest out of Spain including Liga F protesting their first two matches, recent international coaching vacancies plus the NWSL Team of the Month. Sandra Herrera joins the show to talk about the Chicago Red Stars sale to Laura Ricketts as the biggest NWSL sale in history. The crew recaps the NWSL weekend slate of games with the tight playoff push. Spanish insider Guillem Balagué joins to talk about the latest out of Spain with and the Luis Rubiales situatoin. Watch Attacking Third for FREE, live Golazo Network every Monday, Wednesday and Friday at 4pmET on Paramount+ or the CBS Sports App. Watch USWNT, NWSL and WSL games on P+" with a link to https://www.paramountplus.com/home/ Attacking Third is available for free on the Audacy app as well as Apple Podcasts, Spotify, Google Podcasts, Stitcher and wherever else you listen to podcasts. Follow the Attacking Third team on Twitter: @AttackingThird, @SandHerrera_, @LisaCarlin32, @Jordangeli , @JennyaChiu and @Darian_Jenks. Visit the Attacking Third YouTube channel: https://www.youtube.com/attackingthird You can listen to Attacking Third on your smart speakers! Simply say "Alexa, play the latest episode of the Attacking Third podcast" or "Hey Google, play the latest episode of the Attacking Third podcast." For more soccer coverage from CBS Sports, visit https://www.cbssports.com/soccer/ To hear more from the CBS Sports Podcast Network, visit https://www.cbssports.com/podcasts/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Sandra Herrera and Lisa Roman give an extensive update in the Washington Spirit ownership saga. Most recently reported is that Y. Michele Kang has made official moments to gain majority ownership of the club from Steve Baldwin. Sandra and Lisa give a recap of the entire Spirit front office and ownership story as it unfolded in August 2021. The current conversations have a deadline of February 1 - when the NWSL reports to preseason and the Spirit players will be reunited for the first time since winning the 2021 NWSL Championship. Plus, they discuss what this means for the future of the club and what could potentially happen next. Washington Spirit Ownership Recap (4:52) Y. Michele Kang Gains Majority Ownership (14:57) The Future of the Spirit (23:19) 'Attacking Third' is available on Apple Podcasts, Spotify, Stitcher, Google Podcasts, Castbox and wherever else you listen to podcasts. Follow the Attacking Third team on Twitter: @AttackingThird, @SandHerrera_, @LRoman32 Visit the Attacking Third YouTube channel: https://www.youtube.com/attackingthird You can listen to Attacking Third on your smart speakers! Simply say "Alexa, play the latest episode of the Attacking Third podcast" or "Hey Google, play the latest episode of the Attacking Third podcast." For more soccer coverage from CBS Sports, visit https://www.cbssports.com/soccer/ To hear more from the CBS Sports Podcast Network, visit https://www.cbssports.com/podcasts/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices