Semafor says PIF is doing financial housekeeping to help make RedBird's pursuit of the club possible.
Semafor reports that RedBird is pursuing Al Nassr, the Saudi club where Cristiano Ronaldo plays, and says PIF is doing financial housekeeping to help make a deal happen.
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Semafor reported Oct. 19 that Saudi Arabia’s Public Investment Fund is tapping portfolio companies to pay off 800 million riyals ($213 million) of debt held by Al Nassr, the soccer club where Cristiano Ronaldo plays. According to people familiar with the matter, PIF is arranging corporate sponsorship deals to strengthen the club’s balance sheet and help facilitate a potential sale to investors led by RedBird Capital, which owns AC Milan. The report describes work underway, not confirmation that the debt has been paid in full.
RedBird has held at least two meetings with PIF about a 70% stake, Semafor’s sources said. One person close to the fund called RedBird’s interest “early” and cautioned that a deal might not happen.
Under the prospective terms described by Semafor’s sources, RedBird and its partners would pay about 1 billion riyals ($267 million) for the stake, while Ronaldo is expected to hold a 20% share. Saudi Media Company could be among the other investors. and could change. RedBird and PIF declined to comment to Semafor; Al Nassr and Ronaldo’s representatives did not immediately respond to its requests for comment.
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@rogoswamiNew @semafor: Ronaldo and Gerry Cardinale walk into a bar… and PIF buys them some drinks. The latest on Redbird’s quest for Al Nassr, and the financial housekeeping PIF is doing to make it happen. W/ the inimitable @MattMartin128 https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt
@semaforPublic Investment Fund (PIF) is orchestrating corporate sponsorship deals to strengthen the Saudi Pro League club’s balance sheet, which would help facilitate a sale to investors led by AC Milan owner RedBird Capital, according to people familiar with the matter. Read more from @MattMartin128 and @rogoswami: https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt@rogoswamiNew @semafor: Ronaldo and Gerry Cardinale walk into a bar… and PIF buys them some drinks. The latest on Redbird’s quest for Al Nassr, and the financial housekeeping PIF is doing to make it happen. W/ the inimitable @MattMartin128 https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt@semaforPublic Investment Fund (PIF) is orchestrating corporate sponsorship deals to strengthen the Saudi Pro League club’s balance sheet, which would help facilitate a sale to investors led by AC Milan owner RedBird Capital, according to people familiar with the matter. Read more from @MattMartin128 and @rogoswami: https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt@rogoswamiNew @semafor: Ronaldo and Gerry Cardinale walk into a bar… and PIF buys them some drinks. The latest on Redbird’s quest for Al Nassr, and the financial housekeeping PIF is doing to make it happen. W/ the inimitable @MattMartin128 https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt@semaforPublic Investment Fund (PIF) is orchestrating corporate sponsorship deals to strengthen the Saudi Pro League club’s balance sheet, which would help facilitate a sale to investors led by AC Milan owner RedBird Capital, according to people familiar with the matter. Read more from @MattMartin128 and @rogoswami: https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt@rogoswamiNew @semafor: Ronaldo and Gerry Cardinale walk into a bar… and PIF buys them some drinks. The latest on Redbird’s quest for Al Nassr, and the financial housekeeping PIF is doing to make it happen. W/ the inimitable @MattMartin128 https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt@semaforPublic Investment Fund (PIF) is orchestrating corporate sponsorship deals to strengthen the Saudi Pro League club’s balance sheet, which would help facilitate a sale to investors led by AC Milan owner RedBird Capital, according to people familiar with the matter. Read more from @MattMartin128 and @rogoswami: https://www.semafor.com/article/10/19/2026/to-prep-for-sale-of-ronaldos-saudi-team-pif-pays-off-213-million-debt
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