Day: October 19, 2026

To prep for sale of Ronaldo’s Saudi team, PIF pays off $213 million debtTo prep for sale of Ronaldo’s Saudi team, PIF pays off $213 million debt

The Scoop Saudi Arabia’s sovereign wealth fund is tapping its portfolio companies to pay off 800 million riyals ($213 million) of debt held by the soccer club Al Nassr — where star Portuguese striker Cristiano Ronaldo plays — according to people familiar with the matter. Public Investment Fund (PIF) is ...