Saudi clubs curb lavish signings as financial strain forces new spending rules

Saudi Arabia’s drive to become a global football hub is entering a more cautious phase after clubs collectively shelled out roughly $2 billion in transfer fees since mid-2023, a sum rivaling the Spanish league despite far lower revenues. Al-Nassr, the reigning champions, has halted all new signings this window, permitted only to buy players using its own commercial income as the Public Investment Fund works to resolve a debt load over 800 million riyals.

The fund is reportedly weighing external advisors, curbing managerial financial powers, or even selling a portion of the club. Al-Ittihad’s summer spending has also dropped dramatically, reflecting a reported liquidity crunch. In contrast, Al-Hilal, now largely owned by Prince Alwaleed bin Talal, spent $91 million on Crysencio Summerville, marking the league’s second-most expensive transfer.

The broader PIF strategy for 2026-30 deprioritises sport, prompting tighter budgets across its clubs and raising the spectre of player wage lawsuits. Parallel financial pressures have hit PIF’s overseas asset Newcastle United, which faces regulator-imposed loss caps after a costly stadium deal.