Saudis start sports club privatisation plan amid player grab ...Kuwait

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Saudis start sports club privatisation plan amid player grab
Saudi Arabia's crown prince has launched an investment plan for the country's sports clubs, as teams in the top-flight football league try to poach world-class players from European leagues. Mohammed bin Salman's plan will see private companies and development funds invest in clubs and have ownership transferred to them, state news outlet Saudi Press Agency (SPA) reported Monday. From the last quarter of this year, a number of Saudi sports clubs will be offered the privatisation plan, SPA said. The project's launch came amid reports that long-time Real Madrid star Karim Benzema would be signing a two-year contract with Saudi club Al-Ittihad. Portuguese striker Cris

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