Saudi Sovereign fund

I see mostly Mexicans attending the soccer games in the US. The MLS never took off in spite of celeb promotions like Beckam, Zlatan and Messi and strong marketing from US far-reaching media.

Edit: I even remember attending a COSMOS soccer game in NYC in the 1980s. I remember Pelé, Neeskens and Chinaglia playing for Cosmos at that time.
 
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4 Chelsea players all on huge wages being bought by Saudi clubs where the owner has investments. Helps them massively with ffp. The whole thing stinks but it’s not City doing it so it’s fine

Have they bought them yet and how much have they paid?
 
4 Chelsea players all on huge wages being bought by Saudi clubs where the owner has investments. Helps them massively with ffp. The whole thing stinks but it’s not City doing it so it’s fine

Leave he conspiracy stuff to other fanbases. PIF, like Mubadala and ADIA, has got their hands in every big investment fund out there.

They have a <5% stake in clearlake and no control over it.
 
Over 300 million largely high-income individuals in the US? ... hmm ... the whole US population (including babies) was 330 million in 2021. I have family in the US who wouldn't describe themselves as high-earners.
In worldwide terms, they absolutely are.
 
The Pro League has broadcasting deals in Germany, Austria, Switzerland, Australia, the Balkans, France, Greece, Italy, Portugal, Turkiye, across South America and the Carribean, across the ‘Arab World’, India, Hong Kong, Malaysia, Brunei and others.

Al-Ittihad regularly pulls in upwards of 40,000 fans to games. That’s a clearly heavily supported football club, showing appetite for football in Saudi Arabia.

The other clubs seem to average between 5k and 18k, clearly far less popular than Al-Ittihad but as the noise around the Pro League continues you would expect that to rise somewhat, and again, it’s still currently Luton Town figures.

Saudi clubs regularly go far in the continental competitions, they were already regionally strong before state ‘encouragement’.

Most top-division clubs these days globally don’t make the majority of their income from ticketing. That is only a small part of the pie. It’s far more lucrative the marketing and product sales side, as well as advertising. Saudi, viewed as an institution, are great at marketing and advertising. They are and will shine on that front, no matter what direction the project goes.

I don’t believe that income is an immediate priority for this project, it’s about power, prestige, and status, something Saudi are more than willing to pay for in the medium-to-long term, however, if you consider that income is a priority, they do have the means to generate it through marketing, advertising, and media, and that is the game they’ve been in for a considerable time.

You will see a lot more merchandise for Pro League clubs in Saudi, than necessarily ticketed fans in stadiums. Football shirts, tee-shirts, backpacks, sunglasses, water bottles. Saudi is a typical Arabian market where this stuff just does very well.

There has always been Saudi interest in the EPL and the European game. Saudi has a football culture already. That doesn’t need building. It’s more a case of converting the chunk of football interest in Saudi that is focused abroad, into Pro League interest.
Absolutely, but that's nothing that can't also be said for plenty of other leagues around the world. The Saudi league has one team that averages over 40k fans. The second highest in 17k and the third is 13k. And what are the ticket prices? Are they charge 50 quid a ticket? A quick Google search suggests that they are starting at around 5 quid.

The point is that if you're going to pay out salaries that are double the top leagues in Europe, and have it be sustainable, you don't just have to start earning a bit more, you have to be bringing in double the income of the top leagues in Europe. I'm sure there will be increased interest in their league and they'll get increased TV deals out of it and sponsorship, but it'll be absolutely nowhere near that of the Premier League et al, so they will inevitably be bankrolling it for years. And as I said, when something is being politically bankrolled, it only takes a change in the political situation for everything to change. A single economic crisis is all it takes for people to start wondering why so much money is going to such vanity projects and it becomes an easy political win to get rid of them.
 
A single economic crisis is all it takes for people to start wondering why so much money is going to such vanity projects and it becomes an easy political win to get rid of them.
That would be the case in a democratic society but in UAE. Those at the top level don't get replaced. Saudi Arabia could get bored of football but they will just continue bank rolling it to save face.

Many thought they would disappear when they couldn't win over the PGA in Golf. What has happened instead is that PIF have just taken over the lot.
 
That would be the case in a democratic society but in UAE. Those at the top level don't get replaced. Saudi Arabia could get bored of football but they will just continue bank rolling it to save face.

Many thought they would disappear when they couldn't win over the PGA in Golf. What has happened instead is that PIF have just taken over the lot.
It's a myth that dictatorships aren't subject to political pressure though. Arguably moreso, because running things well is the only legitimacy they have, and beyond that, there's only violent oppression. That's why government programmes in the Middle East are so generous. They have to be or they'd have a major uprising on their hands.
 

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