{"id":30510,"date":"2026-04-17T16:27:12","date_gmt":"2026-04-17T16:27:12","guid":{"rendered":"https:\/\/eplvip.com\/index.php\/2026\/04\/17\/saudi-sovereign-wealth-fund-sells-70-of-al-hilal-stake\/"},"modified":"2026-04-17T16:27:12","modified_gmt":"2026-04-17T16:27:12","slug":"saudi-sovereign-wealth-fund-sells-70-of-al-hilal-stake","status":"publish","type":"post","link":"https:\/\/eplvip.com\/index.php\/2026\/04\/17\/saudi-sovereign-wealth-fund-sells-70-of-al-hilal-stake\/","title":{"rendered":"Saudi sovereign wealth fund sells 70% of Al Hilal stake"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>RIYADH, Saudi Arabia (AP) &#8211; A Saudi sovereign wealth fund has sold a majority stake in one of the country&#8217;s top soccer teams. <span class=\"LinkEnhancement\">Al Hilal<\/span>.<\/p>\n<p>The Public Investment Fund announced it would sell a 70% stake in the record 21-time Saudi soccer champions to Kingdom Holding Company, a company controlled by Prince Alwaleed bin Talal, a member of the Saudi royal family.<\/p>\n<p>Al Hilal was one of four clubs in the Saudi Professional League managed by PIF. The rest is Al Nasr. <span class=\"LinkEnhancement\">Cristiano Ronaldo<\/span> Like Al-Ittihad and Al-Ahly, it also performs theater. In soccer, PIF also <span class=\"LinkEnhancement\">Acquires majority stake in Newcastle<\/span> in the English Premier League.<\/p>\n<p>The investment fund said in a statement Thursday that the sale of Al Hilal is &#8220;consistent with PIF&#8217;s strategy to maximize profits and reallocate capital within the domestic economy&#8221; in a broader effort to promote &#8220;the development and diversification of Saudi Arabia.&#8221;<\/p>\n<p>\u201cPIF is pioneering opportunities to have a transformative impact on the Saudi sports sector and deliver positive long-term results.\u201d<\/p>\n<p>The agreement was announced the same week amid speculation that PIF was on the brink of cutting financial support for the divisive upstart LIV Golf Competitions.<\/p>\n<p>Following reports that PIF would be withdrawing from LIV, the competition&#8217;s CEO said in a memo to staff, a copy of which was sent to The Associated Press: <span class=\"LinkEnhancement\">The 2026 season will go ahead.<\/span> \u201cExactly as planned, without interruption and at full throttle.\u201dHowever, the situation beyond 2026 remains uncertain.<\/p>\n<p>___<\/p>\n<p>AP Soccer: <span class=\"LinkEnhancement\">https:\/\/apnews.com\/hub\/soccer<\/span><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/apnews.com\/article\/alhilal-pif-saudi-owners-3ddb2e6ebbd993d3819820a164db867d\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIYADH, Saudi Arabia (AP) &#8211; A Saudi sovereign wealth fund has sold a majority stake in one of the country&#8217;s top soccer teams. Al Hilal. The Public Investment Fund announced it would sell a 70% stake in the record 21-time Saudi soccer champions to Kingdom Holding Company, a company controlled by Prince Alwaleed bin Talal,<\/p>\n","protected":false},"author":1,"featured_media":30511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-30510","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-soccer"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Saudi sovereign wealth fund sells 70% of Al Hilal stake - EPL VIP \u2013 Latest English Premier League News &amp; Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eplvip.com\/index.php\/2026\/04\/17\/saudi-sovereign-wealth-fund-sells-70-of-al-hilal-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi sovereign wealth fund sells 70% of Al Hilal stake - EPL VIP \u2013 Latest English Premier League News &amp; Updates\" \/>\n<meta property=\"og:description\" content=\"RIYADH, Saudi Arabia (AP) &#8211; A Saudi sovereign wealth fund has sold a majority stake in one of the country&#8217;s top soccer teams. Al Hilal. 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