Quoted

“Saudi Arabia this week opened bids for six football teams as part of its new drive to monetise the kingdom’s sport sector and raise its foreign direct investment numbers. Local and international investors are invited to bid for Al-Okhdood, Al-Orouba and Al-Kholoud – all in Saudi Arabia’s top Pro League – as well as Al-Zulfi, Al-Nahda and Al-Ansar. Applications are open until a deadline of September 19.  A negotiation process will then start with the best offers, the Saudi Press Agency (SPA) reported, citing the ministry of sport. A further eight teams will be put up for sale at a later stage.” Investor bids invited for six Saudi football teams [Arabian Gulf Business Insight]





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