The "Bloomberg" website, which specializes in market and financial data analysis, revealed that "the Saudi Investment Fund plans to purchase one of the major European clubs as part of the Kingdom's plans to expand in the world of football." In October 2021, the Saudi Investment Fund acquired ownership of the English club "Newcastle United" in a deal worth £305 million. In January, the Saudi club Al Nassr signed Portuguese star Cristiano Ronaldo, which opened the door for other stars to join Saudi clubs, including the French duo Karim Benzema and N'Golo Kante, as well as Portuguese winger João Filipe "Jota," who signed with Al Ittihad during the current summer transfer window.
In this context, and as part of the Kingdom's plans to continue its expansion in football, "Bloomberg" confirmed Saudi Arabia's intention to buy a giant European team in the coming days. The website did not disclose the identity of the club but confirmed that it is among the best in the world and competes in one of the five major European leagues. "Bloomberg" explained that the Kingdom's objectives have shifted in just a few years from acquiring some lesser-known European clubs to targeting the biggest global teams and attracting top football stars to the local league.
