Saudi Arabia is not finished with its investments in sport. And even if Frank McCourt hasn’t seen anything coming for the moment, OM is one of the clubs that the Prince dreams of for several reasons.
The world’s largest producer of crude oil, Saudi Arabia has almost unlimited funds and has decided to invest heavily in sport in recent years. Expenditure which will lead to the designation of the Kingdom as the organizing country of the 2034 World Cup, which will clearly be a high point for the Gulf country, even if it will also be far from being an end in itself. The image of Saudi Arabia has changed enormously in recent times, notably by conquering new markets in football, but also Formula 1, golf, boxing, cricket and winter sports. Despite these investments, the time has not come to slow down the budget to impose itself in the eyes of the world, and according to AFP and the press of the Arabian Peninsula, Prince Mohamed Ben Salmane is particularly satisfied to have invested in Newcastle to restore the image of the English club. To the point that this term “sleeping giant” gives him ideas for the future and why not the acquisition of another European club.
OM, a perfect profile in the eyes of the PIF
???????? OFFICIAL: World Cup 2034 will be hosted by Saudi Arabia, as president Gianni Infantino has confirmed. ????????
“Football unites the world like no other sport, World Cup is perfect showcase for a message of unity and inclusion”.
“Different cultures can be together”. pic.twitter.com/ScNJqPzPf7
— Fabrizio Romano (@FabrizioRomano) October 31, 2023
As for the sleeping giant, OM seems more than ever to fit into the boxes, with the most prestigious track record of French clubs, but also an absence of titles which now exceeds a decade. In addition to this, it remains a popular fervor and in the heart of a city anchored on the Mediterranean which has enormous potential in the eyes of Saudi Arabia. A new investment is possible, even if the local media emphasize a major clarification, namely that it is only the PIF, the Saudi investment fund, which holds the keys to the timing of possible expenditure or purchases. And on this subject, whether negotiations are underway or planned in the coming months with Frank McCourt, there is complete silence and no indication of a rapid resolution of a purchase of OM. What also calms those who announce a closure in the coming months, knowing that for the moment, the profile of the Marseille club clearly interests Saudi investors, but without the American owner of OM being offered for the moment a mountain of gold to sell his property.
2023-11-02 11:00:31
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