Saudi Arabia Eyeing Major European Football Club Takeover
In a shocking twist, Saudi Arabia is reported to be interested in acquiring another massive European football club, with the goal of transforming them into one of the best sides in the world. This comes just a year after the Saudi Public Investment Fund (PIF) purchased Newcastle United in the Premier League.
According to El Independiente, Saudi Arabia has taken an interest in Atletico Madrid, with rumors suggesting that the club’s CEO, Miguel Angel Gil Marin, may be open to selling his shares. The Saudi PIF, which already has a strong presence in European football, would likely be the buyer.
Atletico Madrid has been a force to be reckoned with in La Liga, currently sitting second in the table with 11 points. Saudi Arabia’s interest in the club could be seen as a strategic move to dominate the European football scene. The country has already been making waves in the sports world, with boxing being a particular area of focus.
Turki Alalshikh, the President of the Saudi Arabian General Sports Authority, has been instrumental in promoting boxing and other combat sports in the country. Just last weekend, the UFC hosted an event in Las Vegas with Saudi Arabian sponsorship, while this Saturday, Anthony Joshua will face off against Daniel Dubois at Wembley Arena in an event sponsored by Riyadh season.
The Saudi PIF has already made a significant impact in European football, buying a majority stake in Newcastle United in October 2021. The move allowed the club to attract some of the biggest names in football, including Cristiano Ronaldo and Neymar Jr.
Whether or not Saudi Arabia actually goes through with the Atletico Madrid takeover, one thing is certain – the country is serious about leaving its mark on the global sports scene. As more details emerge, 90min will be keeping you updated on all the latest developments.
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