A huge deal in Saudi Arabia gives 100 million riyals annually to Hilal, Al-Nasr, Al-Ittihad and Al-Ahly
Four Saudi clubs, Al-Hilal, Al-Nasr, Al-Ittihad and Al-Ahly, will receive 100 million riyals ($26.67 million) annually after signing huge partnership contracts with two companies owned by the Public Investment Fund on Sunday.
The Saudi Press Agency stated that Qiddiya Investment Company signed a "historic strategic partnership" agreement with Al Hilal and Al Nasr from this year until 2042, with a value of 100 million riyals annually for each club, "with the possibility of reviewing the terms of the partnership agreement every five years."
The agreement includes holding all matches of the two clubs on their stadiums in the Qiddiya Stadium, which will accommodate about 40,000 spectators after its construction is completed.
After signing the partnership with the two clubs located in Riyadh, the Central Jeddah Development Company, also owned by the Public Investment Fund, announced the signing of a similar contract with the two Jeddah poles, Al-Ittihad and Al-Ahly.
Saudi clubs also announced the signing of this huge agreement.
Union leads the league with 48 points from 20 matches, seven points ahead of the second-placed Victory, who played an additional match.
Al Hilal, the Asian champion, comes fourth with 34 points from 18 matches, while Al-Ahly suffers and occupies the ninth place with 25 points.
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