Al-Haili: The club privatization project was born a giant and will achieve its goals

Al-Ittihad Club President Anmar Al-Haili commented on the launch of the investment and privatization project for sports clubs, after the completion of the executive procedures for the first phase.

Al-Haili wrote on his Twitter account: “A new dawn is shining in the sky of the Saudi sports clubs. Football, in particular, is among the best leagues in the world.

The project at the current stage includes two main tracks; The first is to approve the investment of major companies and development agencies in sports clubs, in exchange for transferring ownership of the clubs to them, and the second is to offer a number of sports clubs for privatization, starting from the last quarter of this year.

The project aims to create quality opportunities and an attractive environment for investment in the sports sector to achieve a sustainable sports economy, raise the level of professionalism and administrative and financial governance in sports clubs, raise the level of clubs and develop their infrastructure to provide the best services to sports fans, which will reflect positively on improving the audience experience.

The transfer and privatization of clubs in general aims to achieve qualitative leaps in various sports in the Kingdom by 2030, to create a distinguished generation in sports at the regional and global levels, in addition to developing the football game and its competitions in particular, to bring the Saudi League to the list of the 10 best leagues in the world.

The privatization also aims to increase the revenues of the Saudi Professional League from 450 million riyals to more than 1.8 billion riyals annually, in addition to raising the market value of the Saudi Professional League from 3 billion to more than 8 billion riyals.