PIF stakes in sports clubs deliver on targets: Governor

06:11 PM (Mecca time) Argaam
Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF)

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF)

The Public Investment Fund’s (PIF) sports club portfolio has delivered on targets, driving up commercial revenue, matchday income, retail, and sponsorships by 120%, said Governor Yasir Al Rumayyan.

 

All clubs are equal and are managed as corporate entities, with governance in place—an approach that has delivered success for the PIF, Al Rumayyan explained during the government press briefing today, April 15.

 

Some sports clubs, however, receive significantly higher donations from honorary members than others, reflecting disparities within the ecosystem.

 

He added that detailed disclosures on the PIF’s investment and achievements in the sports clubs sector will be announced later this week.

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