Saudi clubs outspent four of the “big five” soccer leagues, the first time another league has outspent any members of the dominant European grouping since 2016.
Of the 10 largest spenders in the world, three are owned by the PIF, and the four clubs spent a combined 835.1 million euros on transfers, while generating just 4.86 million euros from incoming fees for players, according to Transfermarkt data.
However, Al-Rumayyan insisted the fund's decisions were not driven solely by interest in sport, insisting that investments have to generate financial returns. This came after a report from the Mail on Sunday which said the club's owners, the Glazer family, believe they will be able to secure a valuation of up to £10 billion by delaying any sale until 2025.
"We believe in ourselves … we have the best competition in the world, the biggest clubs in the world, the best players in the world. I don't think it's a real danger."
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