Saudi’s Al Nassr FC announced on Wednesday that the club will be turned into an investment company.
This announcement came after the decision of the Saudi General Sports Authority.
Al Nassr tweeted on their official account that the club had an official agreement to establish the investment company under the name of “Al Nassr FC Investment Company.”
“The company will be subject to all the laws and legislation and it will involve in many investments in order to be an important source of income to the club, according to 2030 Saudi Arabia vision.
Also, the company will have all the trading and marketing rights of the club”, Al Nassr tweeted on their official account.
Al Nassr became the third Saudi club that established an investment company, as both Al Hilal and Al Ahli managed to establish their own firms.