The deal of the century in Saudi Arabia.. Al-Waleed bin Talal acquires 70% of Al-Hilal
Prince Alwaleed bin Talal officially announced the completion of the deal to acquire 70% of Al Hilal Club, in a pivotal step that is expected to bring about a major shift in the club’s future on the sports and investment levels.
The Prince confirmed, after signing the agreement, that this step comes out of his conviction in the growing role of sports as a promising economic sector, pointing out that Al Hilal represents a great national value and a prominent symbol in the sports scene in the Kingdom.
He explained that this investment It reflects a long-term vision, aiming to strengthen the club’s position and develop its administrative and technical structure, in line with the aspirations of its broad fans and its history full of achievements.
In a related context, Yasser Al-Rumayyan had stressed in previous statements the keenness of the Public Investment Fund to achieve an investment balance between the clubs, ensuring fair competition and sustainable growth.
Al-Rumayyan pointed out that the financial differences between the clubs do not depend only on the fund’s support, but also include the contributions of honorary members. And the fans, which are independent and influential sources of funding.
He added that applying fair financial play standards represents one of the strategic goals during the next stage, in parallel with the efforts made to develop the sports system in the Kingdom.
This deal represents a prominent turning point in Al Hilal’s journey, amid expectations of a new phase carrying greater ambitions and broader achievements at the local and continental levels.
