Is Al-Nassr bankrupt? Will Ronaldo look for a new club?
Al-Nassr has hit a crisis that is already dealing a serious blow to the club’s ambitions.
Details: According to the Saudi outlet Arriyadiyah, Al-Nassr’s total debt has exceeded 800 million Saudi riyals, which is roughly $213 million. Most of these obligations stem from financial decisions made last season.
The club’s management has been banned from signing players or coaches until Al-Nassr secures the necessary liquidity through sponsorship deals and its own revenue.
Because of these financial constraints, the club has yet to complete a single summer transfer. Reports claim that Al-Nassr has already reached an agreement with Mallorca midfielder Samu Costa, but the deal cannot be finalized yet. Negotiations to extend Abdulrahman Ghareeb’s contract are also dragging on.
The Saudi Public Investment Fund has developed three options to resolve the crisis: limiting the financial authority of the current management, bringing in independent consultants to boost revenue and cut costs, and considering offers to sell a stake in the club.
Currently, PIF has two serious offers on the table to purchase Al-Nassr, and the fund favors a partial sale over a complete takeover of the club.
Reminder: Al Hilal open talks to sign Everton forward Iliman Ndiaye.
Steven Perez
Dailysports's expert
