Cristiano Ronaldo's Al Nassr is now owned by the same owners as Newcastle United
on Monday said: “As part of today’s announcement of the Sports Clubs Investment and Privatization Project, four Saudi clubs – Al Ittihad, Al Ahli, Al Nassr, and Al Hilal – have been transformed into companies, each of which is owned by PIF and non-profit foundations for each club.
“PIF’s ownership in the clubs’ companies represent 75 per cent in each club, while their respective non-profit foundations hold 25 per cent ownership of each club. “The transfer of the four clubs will unleash various commercial opportunities, including investment, partnership and sponsorships across numerous sports.”However, having a direct connection to some of Saudi Arabia’s best clubs and, should Karim Benzema and Lionel Messi join them this summer, some of world football’s most iconic players of recent times, the move may be valuable for the club in the future.
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