- Al Nassr football club became famous after signing Portugal international Cristiano Ronaldo
- Ronaldo became the highest-paid football player in the world with a contract at Al Nassr
- SportsLeo takes a look at the owners of Al Nassr football club and their networth
After the owner of Al Nassr was able to persuade Cristiano Ronaldo to join his team and play, a renewed focus is going to fall on the Saudi Arabian Pro League.
It is undeniable that this is not the move Ronaldo had in mind when he stated in the summer of 2022 that he desired to leave Manchester United in order to play in the UEFA Champions League. However, there was not sufficient interest to achieve a transfer.
After his contract with Manchester United was terminated a short while later, he joined with Al Nassr, which means he most certainly won’t ever play in the Champions League again. How exactly did a team that most people had never heard of join forces with one of the greatest players in football history?
Cristiano Ronaldo and his family during his unveiling as Al Nassr player. | PHOTO: Al Nassr |
Who are the owners of Al Nassr?
Ronaldo is currently the highest-paid footballer in the world according to the contract he signed with Al Nassr, where he will receive £172 million annually.
Since the Saudi Arabian Public Investment Fund acquired Newcastle United, the nation of Saudi Arabia has grown to be known as one of the most wealthy in sport (PIF). There isn’t a lot of precise information available about the owners of Al Nassr or Newcastle for that matter.
This is due to the fact that nation-states are not permitted to buy football clubs, but organizations like Paris Saint-Germain, Manchester City, Newcastle, and Al Nassr have discovered ways to get around this restriction. The club is owned by Saudi Arabia and has strong ties to the Saudi royal family, who governs the nation and holds the majority of its wealth.
Cristiano Ronaldo will wear the number 7 on his shirt at Al Nassr. | PHOTO: Al Nassr |
Musalli Al-Muammar serves as the club’s president. He was chosen for the position in 2021 by the Al Nassr board of directors. He has previously served as the Saudi Pro League’s president. Prince Khalid bin Fahd bin Abdulaziz is one of the club’s most ardent supporters.
Hussein Al-Jabaa and Zaid Al-Jabaa, brothers, co-founded Al Nassr in 1955. Former Saudi Prince Abdul Rahman bin Saud Al Saud got involved five years later when the club turned professional.
How rich is Al Nassr football club?
It is highly challenging to assign a precise value to Al Nassr due to the opaque manner in which the club is funded and owned.
If you use Newcastle as an example, PIF’s assets amount to £320 billion, placing them at the very top of football’s rich list. In contrast, the value of Manchester City’s owner is £21 billion.
This does not imply that Al Nassr is equally valuable, but it does provide a window into the kind of riches that prominent members of Saudi Arabian society can amass. Ronaldo has been added, bringing Al Nassr’s annual salary to $278,584,102.
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