The reasons why Saudi Arabia will not buy an English club

first_imgIt has recently been announced that the country will host a Formula 1 Grand Prix in 2023, and important boxing matches have already taken place. In addition, Al Hilal, champion of the previous season of the Asian Champions League, is a team from Saudi Arabia. For this reason, the Saudi government wants to privatize its main football teams.These rumors circulate because it would not be the first time that a European club is bought by a country in the Middle East. In 2008, Abu Dhabi bought Manchester United, and later, in 2011, Qatar bought the PSG.The reason for the investment made by these countries was to soften the risks in the face of political instability in the Gulf, moving their assets abroad. Saudi Arabia, however, is less concerned with mitigating risks, as it is one of the political, religious and ideological powers of the region.For this reason, if the Riyadh government invests abroad it would be for commercial reasons. Even so, this option is unlikely since the Saudi government focuses more on the national level. In fact, such a purchase would mean a significant change in the policy of the Saudi government. Despite rumors about Saudi Arabia’s interest in buying an English football team, the Saudi sports strategy is based on national investment to achieve its growth.During the past three years, several have circulated rumors about the interest that Saudi investors have in buying a Premier League club. The biggest rumor is that Newcastle United is being persecuted by the Public Investment Fund of the government of Saudi Arabia. It is also believed that Mohammed Bin Salman, Crown Prince of the kingdom, is very interested in buying the Manchester United.The idea would be to buy a football club and then sign some of the best players in the world and thus be able to promote yourself as a tourist destination.But The objective of the Saudi government focuses more on the national level. For now, Saudi Arabia will spend billions of dollars on projects that attract tourists to the country and position the kingdom as one of the tourist destinations and host of the most important events in the world.last_img

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