RIYADH, Sept 8 — Saudi Arabian football clubs splashed US$957 million (RM4.5 billion) on players in the summer transfer window, with a net spend of US$907 million that was second...
RIYADH, Sept 8 — Saudi Arabian football clubs splashed US$957 million on players in the summer transfer window, with a net spend of US$907 million that was second only to England’s Premier League, Deloitte said on Friday.
The Pro League’s net spend, deducting money received from selling players, was US$907 million, placing it behind the Premier League’s net spend of US$1.39 billion. The Pro League, including four teams owned by the government’s oil-funded Public Investment Fund, has been buying players to revamp the league as part of the country’s ambitious economic diversification plan.
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