Will Kuwaiti business woman own prominent Saudi football club?
Kuwaiti business woman has announced she is seeking to buy shares in the club after the cabinet’s decision to privatize clubs in Saudi Arabia
Kuwaiti business woman and honorary member of al-Nasr Football Club, Khawla al-Hassawi, has announced she is seeking to buy shares in the club after the cabinet’s decision to privatize clubs in Saudi Arabia. The cabinet’s decision will turn professional football league clubs into companies.
Hassawi said she still needs time to find the most appropriate way to invest in accordance with the General Administration of Sport’s regulations regarding the investment in Saudi clubs.
General Administration of Sport chief, Prince Abdullah bin Mousaad bin Abdulaziz revealed at a press conference on Monday that the decision to privatize clubs would be put into place within the next six months and that it would start with up to four clubs as a maximum. He added that it would be dedicated to Saudis.
Hassawi told al-Arabiya: “I have no specific plan on how to currently invest in the Nasr Club following the announcement of conditions surrounding club privatization and that the investor has to be a Saudi citizen. But I definitely want to get into this field, especially since I am a big fan of the club. I will reconsider this idea and maybe I will invest in it through a friend. This will be determined in the coming period.”
Khawla al-Hassawi emerged in the Saudi Arabian sporting arena in the 2013-2014 football season, when she offered tickets for al-Nasr fans to attend several matches. She has also offered financial rewards to players on several occasions, not least when the team won both the local championship and league.