Berliner Boersenzeitung - Saudi football rise 'long-term project', says top official

EUR -
AED 4.060797
AFN 70.756208
ALL 90.431374
AMD 398.569355
ANG 1.978734
AOA 1014.914275
ARS 1708.345292
AUD 1.62437
AWG 1.991686
AZN 1.882117
BAM 1.949955
BBD 2.227483
BDT 137.561994
BGN 1.932351
BHD 0.417261
BIF 3319.47663
BMD 1.105571
BND 1.421278
BOB 12.945545
BRL 6.236636
BSD 1.105915
BTN 103.955201
BWP 15.343422
BYN 3.332002
BYR 21669.189657
BZD 2.224293
CAD 1.576262
CDF 2559.396803
CHF 0.923445
CLF 0.02794
CLP 1099.655858
CNY 7.374545
CNH 7.378083
COP 3668.660143
CRC 499.316779
CUC 1.105571
CUP 26.543273
CVE 109.937436
CZK 24.379609
DJF 196.481735
DKK 7.475761
DOP 67.100677
DZD 151.411591
EGP 59.0827
ERN 16.583564
ETB 178.100085
FJD 2.51329
FKP 0.832529
GBP 0.835132
GEL 2.87122
GGP 0.832529
GHS 12.962844
GIP 0.832529
GMD 81.811835
GNF 9798.627282
GTQ 8.450897
GYD 231.381634
HKD 8.672928
HNL 29.73939
HRK 7.48362
HTG 144.909546
HUF 365.431536
IDR 20161.190948
ILS 3.529539
IMP 0.832529
INR 103.978057
IQD 1676.6196
IRR 2115509.919078
ISK 136.593053
JEP 0.832529
JMD 175.19483
JOD 0.783913
JPY 176.739913
KES 143.702299
KGS 96.680961
KHR 4557.462056
KMF 488.662283
KPW 995.013768
KRW 1476.705536
KWD 0.344363
KYD 0.921662
KZT 491.210858
LAK 24916.80304
LBP 99003.874278
LKR 367.787487
LRD 188.011512
LSL 18.433875
LTL 3.264463
LVL 0.668749
LYD 7.12544
MAD 10.893642
MDL 20.173076
MGA 5048.004898
MKD 61.545607
MMK 2321.394204
MNT 3985.476695
MOP 8.935158
MRU 44.728337
MUR 52.360102
MVR 17.028491
MWK 1917.803164
MXN 20.562911
MYR 4.509067
MZN 70.64224
NAD 18.433875
NGN 1486.992784
NIO 40.699103
NOK 10.563399
NPR 166.327923
NZD 1.993195
OMR 0.425089
PAB 1.106015
PEN 3.770899
PGK 5.044968
PHP 70.615582
PKR 305.828557
PLN 4.403323
PYG 6855.666244
QAR 4.031642
RON 5.345452
RSD 117.642753
RUB 91.540917
RWF 1632.928221
SAR 4.173358
SBD 8.952138
SCR 15.419245
SDG 664.999828
SEK 11.079151
SGD 1.422891
SHP 0.828422
SLE 25.328345
SLL 23183.273867
SOS 632.022576
SRD 41.463321
STD 22883.085509
STN 24.427438
SVC 9.676992
SYP 14374.632504
SZL 18.42128
THB 37.489599
TJS 10.202447
TMT 3.869498
TND 3.328921
TOP 2.661949
TRY 55.560394
TTD 7.512684
TWD 36.503406
TZS 2940.399567
UAH 50.255561
UGX 4551.479826
USD 1.105571
UYU 44.827044
UZS 13266.851283
VES 995.556089
VND 28390.507948
VUV 132.606443
WST 3.082109
XAF 655.957
XAG 0.022121
XAU 0.000285451161
XCD 2.987861
XCG 1.993179
XDR 0.781696
XOF 655.957
XPF 119.331742
YER 261.466668
ZAR 18.536637
ZMK 9951.464559
ZMW 22.5889
ZWL 355.993379
SSP 6397.412014
MXV 2.309841
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Saudi football rise 'long-term project', says top official
Saudi football rise 'long-term project', says top official / Photo: Fayez Nureldine - AFP

Saudi football rise 'long-term project', says top official

Saudi Arabia's extraordinary football expansion is a "long-term project" with strong government support, unlike the short-lived Chinese boom, a senior league official told AFP.

Text size:

The Saudi Pro League has a years-long commitment from the oil-rich kingdom's rulers in its goal to become one of the world's top competitions, chief operating officer Carlo Nohra said.

Nohra was speaking at Al-Hilal's unveiling of Brazilian superstar Neymar, who joins Cristiano Ronaldo, Karim Benzema and a host of other big names in a spending binge costing hundreds of millions of dollars.

"It's not something that we expect will happen overnight. It's not a one-weekend event -- this is a long-term project, and everybody accepts that that's what it's going to take," Nohra said at the King Fahd International Stadium late on Saturday.

"And it's not a function of throwing money at it and it will happen," he added. "It is ensuring that we do all the right things along the way to bring everything and everybody and the ecosystem up together."

The Saudi league's rapid expansion has drawn comparisons with the Chinese Super League, which sucked in players for exorbitant sums until clubs hit financial problems.

At one stage, Guangzhou Evergrande made little-known Argentine Dario Conca one of the world's best-paid players, and Shanghai Shenhua was lavishing a reported 730,000 euros ($795,000) a week on an ageing Carlos Tevez.

"These comparisons are inevitable," said Nohra.

"But for us, the fact that this project is part of a transformation project that's moving this country where it wants to go... provides the sustenance that we need in order to keep moving forward."

- 'No end to ambition' -

The no-expense-spared revamp is part of 37-year-old Crown Prince Mohammed bin Salman's ambitious Vision 2030 project, which aims to reshape the economy of the world's top oil exporter.

Also part of the de facto ruler's plans are Neom, a futuristic new city costing $500 billion, plus tourist resorts and sports events including Formula One and the upstart LIV Golf, which has effectively seized control of the US PGA Tour and Europe's DP World Tour.

 

"The strategy is 360 degrees, many elements to it. At the heart of it, one of those objectives set for us is how do we improve performance on the pitch, with world-class sports performers."

Nohra said Pro League clubs -- including four recently acquired by the Public Investment Fund, a sovereign wealth vehicle -- were still on the hunt for players before the Saudi transfer window closes on September 20, three weeks after Europe's.

"There are clubs that are still in the market looking for players," said Nohra, calling their targets a "closely guarded secret".

Despite the enormous outlays -- Neymar's Al-Hilal is the world's second biggest-spending club this summer -- the budget is not bottomless, and the aim is for the teams to become financially viable and perhaps go private.

"There has been a (spending) limit set, yes, but we have understood from the outset, that in order to get the quality players that we need to come to make an impact here, we needed to pay a premium for that," Nohra said.

"We're fortunate enough to have the support at the moment, and that will continue for some time," he added.

"But we also have the responsibility to ensure that they cross the bridge to the other side and become financially independent as well."

Nohra said he was "definitely" confident the Pro League could become a top-five competition when measured by the quality of players, stadium attendances and commercial success.

"There is no end to kind of the ambition of the people here," he said, citing the Asian Champions League as a major target of the Saudi clubs.

"This strategy will continue to evolve over time. We'll correct course, we'll take a different shape as we feel we've arrived at a threshold that requires us to move to the next step."

(F.Schuster--BBZ)