In a significant development in the sports arena, a delegation from an American company is currently in the Al-Qassim region to finalize the details of the complete acquisition of Al-Khulood Club, according to Fieldleague1.

According to circulating information, officials from the American company are holding intensive meetings to finalize the deal, with a clear direction towards transforming the club into a promising sports investment project.

Expectations indicate that Al-Khulood Club will become the first Saudi club to have its ownership fully transferred to a foreign investor, marking a historic precedent in the realm of sports privatization in the Kingdom.

This move comes as part of the Kingdom's Vision 2030, which encourages the attraction of global capital to the sports sector and aims to elevate competition and professionalism within local clubs.

The club's fans and official observers are eagerly awaiting an announcement regarding the fate of the deal, amidst widespread anticipation for the expected American development plans and the future of the club in the Yelo League under the new management.