Soccer-First Foreign Owners of Saudi League Club Say They Will Make Superstars, Not Buy Them | Sports-Games

Soccer-First foreign owners of Saudi League club say they will make superstars, not buy them | Sports-Games

Soccer-First foreign owners of Saudi League club say they will make superstars, not buy them American led Harburg Group, the first foreign owners of a Saudi Pro League club, said their goal is not to sign global stars but to develop them, after acquiring 100% ownership of Al-Kholood. The investment firm aims to steer away from the marquee spending that has defined the league, through the acquisitions of Cristiano Ronaldo, Neymar and Karim Benzem…

Harbinger Group becomes first foreign owner in Saudi Pro League

U.S. investor Ben Harburg’s Harbinger Group acquires Al-Kholood FC, marking the first foreign ownership in the Saudi Pro League as Vision 2030 opens doors for international investment in football.

First foreign firm takes ownership of Saudi football club

A foreign company sealed the purchase of a Saudi football club -- a first in the kingdom -- the country's sports ministry said Thursday, as it announced the privatisation of three teams in the Saudi Pro League. The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of Al Kholood Club, of the Saudi Pro League, as part of the groundbreaking privatisation initiative of Saudi Vision 2030." L…

Saudi Football Club Acquired by Harburg in First Foreign Deal

A Saudi Pro League football club has been acquired by Harburg Group, the global sports firm founded by foreign investor Ben Harburg, in the first deal of its kind for the kingdom.

Landmark privatisation deal in Saudi football

Al-Kholood has become the first club in Saudi Arabian football to be wholly-owned by a foreign entity, following its acquisition by the American Harburg Group.