Al-Ittihad club takeover bids

What happened before and after this story. Background events not previously covered were summarised by AI.

1. 1 Mar 2023Background

   Saudi Arabia announces plan to privatise clubs and sell PIF stakes

   Saudi authorities unveiled a programme to move football clubs into private hands, starting with four major clubs held through the PIF.

2. 9 Jun 2023Background

   Saudi PIF takes 75% stakes in four major football clubs

   On 9 June 2023, Saudi Arabia's sovereign wealth fund took 75% ownership of Al-Ittihad, Al-Nassr, Al-Hilal and Al-Ahli.

3. 

   8 Nov

   Three bidding groups reach final round to buy Saudi club Al-Ittihad

   Three consortiums, including the Glazer family and a Saudi prince, are in the final stage of talks to take over Al-Ittihad from the Public Investment Fund.