How wealthy is Al Nassr’s owner? A look at Cristiano Ronaldo’s new club owner’s net worth

Cristiano Ronaldo officially signed Saudi Arabian team "Al Nassr" until June 2025

How wealthy is Al Nassr’s owner? A look at Cristiano Ronaldo’s new club owner’s net worth

Cristiano Ronaldo with Al Nassr

The Saudi Pro League, the nation’s football competition, is now receiving significant interest as a result of Cristiano Ronaldo’s entrance onto Saudi Arabian soil. After making the largest signing in the Asian football market, Ronaldo’s new club, Al Nassr, has caught the attention of football fans all over the world.
Despite it being universally acknowledged that Gulf countries are eager to invest significant sums of money in European football, the cost of luring the top names in sports to Saudi Arabia remains to provoke questions.

Cristiano Ronaldo has a deal with Al Nassr through 2025 and is expected to make £173 million annually. The former Manchester United player is anticipated to continue serving as the nation’s ambassador while it prepares to organize the FIFA World Cup in 2030. In addition to embracing Ronaldo, the nation created headlines in the world of football when it announced in October 2021 that it had purchased Newcastle United of the English Premier League. The Magpies are now owned by the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund.

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So who is funding Al Nassr and permitting them to place such large bets on the football industry?

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When was Al Nassr formed?

Al Nassr was established in 1955 and has earned nine league championships, six King’s Cup honors, three Crown Prince’s Cup accolades, three Federation Cups, and two Saudi Super Cups. Rudi Garcia, the club’s current coach, has previously held positions at several European clubs, notably Roma, Marseille, and Lille.

Who is the owner of Al Nassr?

Cristiano Ronaldo will collect £172 million a season thanks to the contract he recently inked with Al Nassr, making him the highest-paid footballer in the world at the moment. Since the Saudi Arabian Public Investment Fund acquired Newcastle United, the nation of Saudi Arabia has grown to be known as one of the most wealthy in sports (PIF). There isn’t a lot of precise material available about the owners of Al Nassr or Newcastle for that reason.

This is because nation-states are not permitted to buy football clubs, but organizations like Paris Saint-Germain, Manchester City, Newcastle, and Al Nassr have discovered strategies to circumvent this restriction. The team is owned by Saudi Arabia and has strong connections to the Saudi royal family, which governs the nation and holds the majority of its assets.

Musalli Al-Muammar serves as the club’s president. He was chosen for the position in 2021 by the Al Nassr board of directors. He has previously served as the Saudi Pro League’s president. Prince Khalid bin Fahd bin Abdulaziz is among the team’s most ardent supporters. Hussein Al-Jabaa and Zaid Al-Jabaa, brothers, formed Al Nassr together in 1955. Ex-Saudi Prince Abdul Rahman bin Saud Al Saud joined the club five years after it went official.

Continue reading: Amnesty International urges Cristiano Ronaldo not “to become a tool of Saudi’s sportswashing” and call out the state’s human rights violations

How rich is Cristiano Ronaldo’s club Al Nassr and its owners?

It is exceedingly difficult to set a price on Al Nassr or the owner because of the opaque ways through which the club is financed and managed. PIF, which is miles above the summit of football’s rich ranking, has assets worth a combined £320 billion if you use Newcastle as an example. In contrast, Manchester City’s ownership is valued at around £21 billion.

While this does not necessarily imply that Al Nassr is worth exactly the same amount, it does provide a window into the type of riches that leading figures of Saudi Arabian society can amass. Al Nassr’s annual salary has increased to $278,584,102 with the inclusion of football sensation Cristiano Ronaldo.

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