The management of Al-Nassr FC, owned by the Public Investment Fund, is seeking to repay debts exceeding $212 million (SR800 million) through sponsorships and partnerships as a prelude to a potential sale, Asharq Al-Awsat has reported.
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The Qiddiya Investment Company said The National Golf Club, Qiddiya City, will open on Friday, Oct. 30. The announcement also confirmed the appointment of Golf Saudi as operator under a five-year management agreement.
Al-Riyadh secured a 2-1 victory over Al-Taawoun in the Saudi Pro League, breaking a losing streak against them that dated back to 2015. With goals from Teddy Okou and Bernard Mensah, Al-Riyadh rose to 11th in the league, while Al-Taawoun remained winless.
Al-Ittihad secured a valuable home victory against a resilient Diriyah side on Friday, a day when all of the Saudi Pro League’s top five were in action.
Saudi football clubs face pressure to find new funding as the kingdom shifts ownership towards private investors, while high wages and limited broadcasting income make profits harder to achieve.
