A Historic Deal Shakes the Saudi Sports Scene Between Alwaleed bin Talal and Al Hilal
Al Hilal Club is on the verge of an unprecedented transformation, following press leaks indicating extensive moves led by businessman Prince Alwaleed bin Talal, paving the way for a major deal that could completely reshape the club's ownership.
Al-Jazirah newspaper revealed that Alwaleed bin Talal is close to acquiring full ownership of Al Hilal Club, in a move described as one of the largest ownership transfer deals in the history of Saudi sports.
The newspaper indicated that the acquisition will be carried out through a major agreement between the prince and the Public Investment Fund, paving the way for an official announcement expected in December, provided that all procedures are completed according to the planned schedule.
The information indicates that the deal is progressing rapidly, with expectations that it will bring a significant transformation to the club's financial and administrative structure, especially given Al-Waleed bin Talal's desire to support Al-Hilal with a large-scale project spanning several years.
These developments come at a time when the Saudi Roshn League is on hold due to the national team's participation in the Arab Cup in Qatar, giving the club's management an opportunity to organize major matters before the competitions resume.
Al Hilal occupies second place in the Roshn Pro League standings with 23 points, having secured 7 wins and 2 draws in the first 9 rounds. This boosts confidence in the team's ability to continue its strong performance despite potential changes.
Al-Jazirah newspaper revealed that Alwaleed bin Talal is close to acquiring full ownership of Al Hilal Club, in a move described as one of the largest ownership transfer deals in the history of Saudi sports.
The newspaper indicated that the acquisition will be carried out through a major agreement between the prince and the Public Investment Fund, paving the way for an official announcement expected in December, provided that all procedures are completed according to the planned schedule.
The information indicates that the deal is progressing rapidly, with expectations that it will bring a significant transformation to the club's financial and administrative structure, especially given Al-Waleed bin Talal's desire to support Al-Hilal with a large-scale project spanning several years.
These developments come at a time when the Saudi Roshn League is on hold due to the national team's participation in the Arab Cup in Qatar, giving the club's management an opportunity to organize major matters before the competitions resume.
Al Hilal occupies second place in the Roshn Pro League standings with 23 points, having secured 7 wins and 2 draws in the first 9 rounds. This boosts confidence in the team's ability to continue its strong performance despite potential changes.