Saudi Crown Prince and Prime Minister Mohammed bin Salman launched the Sports Club Investment and Privatization Project. Saudi Public Investment Fund owns 75% of each club in the club companies.
The transfer of the four clubs will unlock additional business opportunities, including investment, partnerships and sponsorships in numerous sports. Saudi league has set up a huge amount of special funds for the introduction of big-name stars. It is reported that the deal Saudi Arabia is approaching could require more than $10 billion to pay the salaries of about 20 foreign players.