Saudi Arabia’s Al-Hilal Pumps $562 Million Into Transfers to Muscle Past Football’s Old Elite
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Saudi football club Al-Hilal has spent $562 million on player transfers in just two years. This massive spending comes after Saudi Arabia’s Public Investment Fund (PIF) bought a 75% stake in the club in June 2023. PIF manages $700 billion and wants to use sports to help Saudi Arabia’s economy grow beyond oil. Al-Hilal’s spending […]