Billion-Dollar Quake in Riyadh: Redbird Eyes Al Nassr Takeover
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Massive debt revealed at Al Nassr alongside secret talks with AC Milan owners Redbird Capital, with rumors linking Ronaldo to a stake.
Billion-Dollar Quake in Riyadh: Secret Talks to Sell Al Nassr as Redbird Nears Stake
Al Nassr FC is facing a historic turning point as off-pitch troubles collide with alarming financial figures exposed by broadcaster Waleed Al-Farraj, coinciding with international reports regarding a massive structural overhaul.
Al-Farraj revealed accumulated liabilities reaching nearly eight hundred million riyals during his television program, attributing the crisis to previous management missteps. Concurrently, American outlet Semafor uncovered intensive discussions between the Saudi Public Investment Fund and Redbird Capital Partners—owners of AC Milan—regarding a potential seventy percent acquisition worth roughly one billion riyals, which includes clearing the club's debts.
Amidst these seismic shifts, strong rumors suggest legendary forward Cristiano Ronaldo could secure an ownership stake, transitioning the Portuguese icon from pitch brilliance to the boardrooms of power.
