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☆ 3G Capital quietly exited its Kraft Heinz investment last year
▼ + stars: | 2024-04-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

They had continued to be an investor and were treated as we do any investor," Kraft Heinz said in a statement to CNBC. "We did learn from their recent filing that 3G exited the Kraft Heinz stock entirely in 2023." Brazilian private equity firm 3G Capital quietly sold off its 16.1% stake in Kraft Heinz in the fourth quarter, nearly nine years after masterminding the blockbuster merger of Kraft Foods and Heinz with Warren Buffett. Kraft Heinz sought to drive inorganic growth through a takeover bid for Unilever, but the Popsicle owner rejected its offer. In 2022, it distributed about 7% of Kraft Heinz to investors in its fund, which reportedly included tennis star Roger Federer.

Persons: Kraft Heinz, Warren Buffett, 3G's, Heinz, Buffett, Jorge Paulo Lemann, Alexandre Behring, Joao Castro, Neves, Roger Federer, Carlos Abrams, Rivera, he's Organizations: 3G, CNBC, Kraft, 3G Capital, Kraft Foods, Heinz, Busch InBev, Burger King, Big, Unilever, Securities and Exchange, Berkshire, InBev, Planters Locations: Berkshire, Lactalis

☆ Abu Dhabi’s Etihad Airways is gearing up for a potential IPO, CEO says
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbu Dhabi’s Etihad Airways is gearing up for a potential IPO, CEO saysEtihad Airways CEO Antonoaldo Neves says the company must be ready to IPO whenever shareholders believe it is the right time to do so.

Persons: Antonoaldo Neves Organizations: Abu Dhabi’s Etihad Airways, Etihad Airways

☆ Etihad Airways CEO says he would like to cut costs by $100-150 million each year
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways CEO says he would like to cut costs by $100-150 million each yearEtihad Airways CEO Antonoaldo Neves tells CNBC's Dan Murphy that the airline saved more than $150 million in contract renegotiation and managed to block the effect of inflation in the cost lead sheet last year.

Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways, renegotiation

☆ Etihad Airways signals possible IPO after 2023 revenue rebound
▼ + stars: | 2024-03-06 | by ( Dan Murphy | ) www.cnbc.com time to read: +2 min

Abu Dhabi's Etihad Airways is gearing up for a potential initial public offering after increasing revenue in 2023 on the back of a 40% boost in passenger numbers. Asked about a possible listing, Etihad Airways Group CEO Antonoaldo Neves told CNBC on Tuesday, "I'm working to be ready, whenever it's the time." Talk of an IPO has been swirling after it was reported that ADQ, the Abu Dhabi-based investment company that owns Etihad Airways, was in discussions with banks about going public as soon as this year. "It's not for me to confirm the shareholder decisions," Neves said, while also signaling efforts to prepare the airline. If it materializes, an IPO would enable Etihad to tap capital markets to fund future growth and expansion plans.

Persons: Abu, Antonoaldo Neves, Neves, ADQ, Raffael Quintas Organizations: Abu Dhabi's Etihad Airways, Etihad Airways Group, CNBC, Etihad Airways, Etihad, Emirates, Portuguese, TAP, Azul Airlines Locations: Abu Dhabi, Dubai, New York, Azul

☆ Etihad Airways CEO says he's not concerned about Boeing's safety standards
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways CEO says he's not concerned about Boeing's safety standardsAntonoaldo Neves, Etihad Airways CEO, says the airline is "not really" considering any alternatives, adding that "we really trust" the Boeing 787.

Persons: he's, Antonoaldo Organizations: Etihad Airways, Antonoaldo Neves, Boeing

☆ Tour Etihad’s newest plane with the airline’s CEO
▼ + stars: | 2024-02-23 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTour Etihad’s newest plane with the airline’s CEOAntonoaldo Neves, CEO of Etihad Airways, gives CNBC's Dan Murphy an exclusive tour inside the airline's latest plane, the 787-9 Dreamliner.

Persons: Antonoaldo Neves, Dan Murphy Organizations: Etihad Airways

☆ Does the UAE need two major air carriers?
▼ + stars: | 2024-02-23 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoes the UAE need two major air carriers? CNBC's Dan Murphy sits down with Antonoaldo Neves, CEO of Etihad Airways and asks whether the UAE needs both Emirates and Etihad?

Persons: Dan Murphy, Antonoaldo Neves Organizations: Etihad Airways, Emirates, Etihad Locations: UAE

☆ Etihad CEO: This is how we are going to deliver future profits
▼ + stars: | 2024-02-22 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad CEO: This is how we are going to deliver future profitsCNBC's Dan Murphy sits down with Antonoaldo Neves, CEO of Etihad Airways, to discuss the airline's performance and future prospects.

Persons: CNBC's Dan Murphy, Antonoaldo Neves Organizations: Etihad, Etihad Airways

☆ Opinion: 17 syllables a day that are changing your lives
▼ + stars: | 2024-01-28 | by ( Opinion Tess Taylor | ) edition.cnn.com time to read: +7 min

CNN —For me, writing a haiku a day began as a practice on my birthday, October, 2022. As my birthday rolled around that fall, the idea of writing a haiku a day was simply a way of promising myself that that day, I’d steady myself make note of — ha — just one thing. No matter the day, I was sure I could find a way to write down one sentence, one spattering of roughly 17 syllables. Tink Boord-Dill wrote in that liked that he loved writing haiku because it was daily creativity without performance pressure. Robin from Maryland wrote “the daily writing of seventeen syllables quickly created a rhythm to my thinking and even my walking….

Persons: Tess Taylor, —, Tess Taylor Adrianne Mathiowetz, Robert Hass, I’d, Basho, we’d, Tink, Dill, Elaine Questell, ” Carla White, ” Paul Nelson, Allen Ginsberg, Linda Neves, …, Candace Waldron, “, birdsong, — Linda Neves, Brad Taylor, Nancy B, — Philip Chan, Carolyn W, — Susan B, Karen Jacobs, Weren’t, — Stephen Schwei, Derek Thaczuk, I’m Organizations: “, CNN Locations: California, Maryland, Virginia, New York, Quebec, Bill, Alaska, Arizona, Guynn , Texas, Ohio, Derek Thaczuk , Ontario

RIYADH, Saudi Arabia (AP) — Cristiano Ronaldo walked off the field with the gleeful chants of “Messi, Messi, Messi!” ringing in his ears from delighted Al-Hilal fans who had just watched their Saudi Pro League team beat the Portugal superstar's Al-Nassr 3-0 in the Riyadh Derby on Friday. Saudi soccer has not been the same since the former Real Madrid and Manchester United forward completed a move last December. Lots of people want to be like Cristiano Ronaldo but few want to work like Cristiano Ronaldo. Ronaldo may have his work cut out to help his team win title No. 10 but, given his form so far this season, he may still have the last laugh with the Messi chants fading away.

Persons: — Cristiano Ronaldo, “ Messi, Messi, Al, Portugal superstar's, Ballon, — Aleksandar Mitrovic, Milinkovic, Savic, Hilal, Ronaldo, Cristiano, ”, Fahad, “ Al, Sadio Mane, Marcelo Brozovic, Alex Telles, “ Cristiano, ” Al, Luis Castro, Cristiano Ronaldo, ” Ronaldo, Mitrovic, Hilal’s, Germain, Neymar, Ruben Neves, Kalidou Koulibaly, Salem, Saleh Al, Shehri, Lionel Messi's, ___ Organizations: Saudi Pro League, Riyadh Derby, Serbian, Al, King Fahd International, Real Madrid, Manchester United, Fahad Al, Associated Press, Liverpool, Inter Milan, Paris Saint, English Premier League, Saudi Arabian Locations: RIYADH, Saudi Arabia, Portugal, Riyadh, Saudi Arabian, Saudi, Al, Hilal, Asia, Paris, Brazil, Lionel Messi's Argentina, cryptocurrency

Goldman Sachs raised its price target on General Motors after the stock's best day since early 2021. The bank reiterated a buy rating as well as a top pick label, accompanied by a $300 per share price target. Goldman Sachs also maintained its buy rating and increased its target price to $345 per share from $340. To be sure, it maintained its $16 per share price target, which implies more than 3% downside from Wednesday's $16.52 close. — Brian Evans 5:45 a.m ET: Goldman raises GM price target Goldman Sachs analyst Mark Delaney increased his price target on General Motors to $45 from $42 after a series of bullish moves by the auto giant.

Persons: Goldman Sachs, Morgan Stanley, 31.6x, Eric Heath, Wells, Andrew Nowinski, — Brian Evans, José Neves, Marvin Fong, Brian Evans, Salesforce, Brad Sills, Kash Rangan, Jefferies, Snapchat, Pinterest, James Heaney, Meta Marshall, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, General Motors, Hewlett Packard Enterprise, Wall, Bank of America, SNAP, Goldman, GM Locations: Okta, America

☆ Richemont digital strategy goes back to square one
▼ + stars: | 2023-11-29 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse Acquire Licensing RightsMILAN, Nov 29 (Reuters Breakingviews) - Johann Rupert’s digital strategy may be heading back to the drawing board. But even if Rupert can extricate himself from the Farfetch situation, Richemont’s digital plans will still be unclear. In August 2022 Richemont agreed to sell a 47.5% stake in its digital platform, Yoox Net-A-Porter, to Farfetch. Shares in Richemont were up 1.5% by 1100 GMT on Nov. 29.

Persons: Denis Balibouse, Johann Rupert’s, Porter, Cartier, Rupert, Farfetch, José Neves, Richemont, Financiere Richemont, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, The Telegraph, Financiere, Telegraph, Thomson Locations: Bellevue, Geneva, Switzerland, Swiss, U.S, YNAP, New York, Richemont

☆ Farfetch founder bids to take company private - Telegraph
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

A banner to celebrate the IPO of online fashion house Farfetch is displayed on the facade of the of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 28 (Reuters) - Online luxury retailer Farfetch's (FTCH.N) founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. Shares of the company edged 20% higher following the news. Farfetch did not immediately respond to a Reuters request for comment. Reporting by Juveria Tabassum and Annett Mary Manoj; Editing by Maju Samuel and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, José Neves, Neves, Farfetch, Juveria Tabassum, Mary Manoj, Maju Samuel, Shilpi Majumdar Organizations: New York Stock Exchange, REUTERS, Telegraph, JPMorgan, HK, Thomson Locations: New York, U.S, Swiss

☆ Newcastle get green light to loan players from Saudi Pro League - media
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

Nov 21 (Reuters) - Newcastle United will be allowed to loan players from sides controlled by their Saudi owners in the January transfer window after a vote on a temporary ban on related-party loans did not get enough support from Premier League clubs, British media reported on Tuesday. Thirteen Premier League clubs voted in favour of the temporary ban on loan moves between teams under the same ownership at a shareholders' meeting on Tuesday, the BBC reported, falling one vote short of the number needed for it to be introduced. The vote means that Newcastle, who in October 2021 were acquired by a group led by Saudi Arabia's Public Investment Fund (PIF), will be permitted to loan players from other clubs also owned by the fund. PIF owns majority stakes in the Pro League's "big four" clubs -- Al-Ittihad, Al-Ahli, Al-Nassr, and Al-Hilal -- who signed players including Karim Benzema, Sadio Mane, Ruben Neves and Neymar in the last transfer window. Reporting by Anita Kobylinska in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: PIF, Karim Benzema, Sadio Mane, Ruben Neves, Neymar, Anita Kobylinska, Toby Davis Organizations: Newcastle United, Premier League, BBC, Saudi Arabia's Public Investment Fund, Thomson Locations: Newcastle, Ittihad, Al, Ahli, Hilal, Gdansk

☆ There is no reason why aviation should not grow at least 10% per year: Etihad CEO
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no reason why aviation should not grow at least 10% per year: Etihad CEOThere is no reason why aviation should not grow at least 10% per year, Etihad CEO Antonoaldo Neves tells CNBC’s Dan Murphy.

Persons: Antonoaldo Neves, CNBC’s Dan Murphy Organizations: Etihad

☆ Etihad Airways CEO: Competition is very much welcomed
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways CEO: Competition is very much welcomedAntonoaldo Neves, Etihad Airways CEO, speaks to CNBC's Dan Murphy about competition in the region.

Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways

☆ The Premier League is missing key players like Cristiano Ronaldo and N'Golo Kanté. They've left for the Saudi Pro League.
▼ + stars: | 2023-08-25 | by ( Will Gendron | Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

The English Premier League kicked off this month without key players like Cristiano Ronaldo and N'Golo Kanté. They have opted to join the Saudi Pro League instead, which has been poaching the world's best players. They've joined the dozens of players flocking to the Saudi Pro League in Saudi Arabia. Saudi Pro League clubs are also targeting high-profile managers in their push to develop the sport in the country. "Something new is obviously happening" in regards to the Saudi Pro League, Richard Masters, the CEO of the Premier League, told the BBC last month.

Persons: Cristiano Ronaldo, N'Golo Kanté, Jordan Henderson, Riyad, Rúben Neves, They've, Neymar, Getty, Michael Reaves, Rumblings, Ronaldo, Hilal, Kylian Mbappé, phenom, Prince Al Waleed bin Talal, Karim Benzema, Sadio Mané, Steven Gerrard, Shaun Botterill, doesn't, Nuno Espírito Santo, LIV, Richard Masters Organizations: English Premier League, Saudi Pro League, Premier League, Eastern, BBC, Investment Fund, Guardian, Saudi, Al, He'll, Chelsea, France, ESPN, Forbes, Paris Saint Germain, Boeing, Bayern Munich, Liverpool, Scottish, Rangers, Aston Villa, Tottenham Hotspur, Saudi Public Investment Fund Locations: Saudi Arabia, Saudi, Hilal, Paris, Brazil, Barcelona, Real Madrid, France

☆ Factbox: Saudi transfers this summer
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Aug 22 (Reuters) - Saudi clubs have spent over 750 million euros ($813.45 million)in the close season signing players with the new Saudi Pro League season having kicked off on Aug. 11. Following are the main clubs' recent large purchases:Al-Ittihad (manager: Nuno Espirito Santo since 2022)N'Golo Kante from Chelsea. (40 million pounds)Al-Ahli (manager: Matthias Jaissle since 2023)Edouard Mendy from Chelsea. (40 million euros)Otavio from Porto. (40 million euros)Malcom from Zenit Saint Petersburg.

Persons: Nuno Espirito, N'Golo Kante, Karim Benzema, Matthias Jaissle, Edouard Mendy, Roberto Firmino, Mahrez, Allan Saint, Franck Kessie, Roger Ibanez, Merih Demiral, Luis Castro, Marcelo Brozovic, Alex Telles, Seko, Sadio Mane, Jorge Jesus, Kalidou Koulibaly, Ruben Neves, Sergej Milinkovic, Savic, Malcom, Yassine Bounou, Aleksandar Mitrovic, Steven Gerrard, Moussa Dembele, Jack Hendry, Jordan Henderson, Tommy Lund, Ken Ferris, Ed Osmond, Toby Davis Organizations: Saudi Pro League, Nuno Espirito Santo, Manchester City, AS Roma, Atalanta, Inter Milan, Manchester United, RC Lens, Bayern Munich, Wolverhampton Wanderers, Zenit Saint Petersburg, Paris St Germain, Fulham, Olympique Lyonnais, Club Brugge, Thomson Locations: Saudi, Ittihad, Chelsea, Real Madrid, Celtic, Liverpool, Al, Ahli, Manchester, Newcastle, Barcelona, Porto, Hilal, Lazio, Paris, Sevilla, Gdynia

☆ Saudi binge is fiscal free kick for European clubs
▼ + stars: | 2023-08-18 | by ( Streisand Neto | ) www.reuters.com time to read: +3 min

The Saudi binge may help European teams raise funds and meet tough new financial rules. The Roshn Saudi League is a top scorer in the football transfer market. UEFA, the governing body for European football, has introduced new rules limiting clubs’ spending on wages, transfers and agent fees to 70% of revenue. European clubs should take the money before the referee's whistle blows. Saudi clubs have spent over 550 million euros buying players from European clubs in the 2023/2024 transfer season, according to Transfermarkt.

Persons: Al Hilal's, Neymar, Fahd bin Saad Al, Neymar da Silva Santos Júnior, Germain, Rúben Neves, Prince Mohammed bin Salman, Len Blavatnik, China’s, Oscar, Marouane, Hilal, Cristiano Ronaldo, Karim Benzema, Neil Unmack, Thomas Shum, Pranav Kiran Organizations: Soccer, Al, Saudi Pro League, REUTERS Acquire, Reuters, Paris Saint, Saudi, Saudi Public Investment Fund, Britain’s Premier League, Premier League, Deloitte’s Sports Business, UEFA, Deloitte, Reuters Graphics Reuters, Bloomberg, BBC, Thomson Locations: Al Hilal, Paris, France, Saudi, Hilal, Saudi League, Al, Ittihad, Saudi Arabia, Riyadh, Kingdom, Saudi Arabian

☆ Farfetch shares plunge as weak demand in US, China slams 2023 outlook
▼ + stars: | 2023-08-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Branding for online fashion house Farfetch is seen at the company headquarters in London, Britain January 31, 2018. REUTERS/Toby Melville Acquire Licensing RightsAug 18 (Reuters) - Shares of Farfetch (FTCH.N) slumped nearly 40% to a record low on Friday, as choppy demand in the online luxury goods retailer's top two markets, the United States and China, drove a gloomy annual sales outlook. Farfetch projected total gross merchandise value, or the total dollar value of orders processed - a key revenue metric - to be about $4.4 billion for 2023, compared with prior expectations of $4.9 billion. As of Thursday's close, Farfetch had a market capitalization of about $1.68 billion, per Refinitiv data. Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Farfetch, José Neves, Morgan, Keybanc, Oliver Chen, Cowen, Marvin Fong, Fong, Deborah Sophia, Krishna Chandra Organizations: REUTERS, Thomson Locations: London, Britain, United States, China, U.S, Mainland China, J.P, Bengaluru

☆ Neymar praises Cristiano Ronaldo for helping the Saudi Pro League grow
▼ + stars: | 2023-08-17 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

Today, you see the league grow more and more,” the former PSG forward told Al Hilal’s social channels. Since then, Karim Benzema, N’Golo Kanté, Kalidou Koulibaly, Edouard Mendy, Roberto Firmino, Sadio Mané and Marcelo Brozović have been among the star names to move to the Saudi Pro League. Yes, surely the league will be very competitive especially after the signings made in this summer transfer window.”Neymar joined Al Hilal from French giant PSG. Saudi Pro League/Handout/ReutersThe Brazilian forward spent six years with PSG, winning 13 major trophies along the way. Neymar will now star for Al Hilal alongside the likes of Sergej Milinković-Savić, Rúben Neves and Malcom who have also made summer moves to the club.

Persons: CNN — Neymar, Germain, Cristiano Ronaldo, Al, Ronaldo, Nassr, Karim Benzema, N’Golo, Kalidou Koulibaly, Edouard Mendy, Roberto Firmino, Sadio Mané, Marcelo Brozović, Al Nassr, Yasser Bakhsh, Neymar, “, ”, ” Neymar, Kylian Mbappé, Lionel Messi, Al Hilal, Sergej, Rúben Neves, Malcom Organizations: CNN, Saudi Pro League, Al Hilal, Paris Saint, PSG, Al, Manchester United, Reuters, League Locations: French, Paris, Al Hilal, City of, Paris –

☆ Neymar credits Ronaldo for Saudi Pro League transformation
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Aug 16 (Reuters) - Cristiano Ronaldo is responsible for transforming the Saudi Pro League, according to Brazil forward Neymar who is looking forward to facing the Portuguese international when he starts playing for Al-Hilal. Today you see the league grow more and more," Neymar said in his first interview after the transfer on Wednesday. The Saudi Pro League has since invested over 600 million euros to lure a host of top players and coaches from European clubs. And it is a given when you face Ronaldo, Benzema, (Roberto) Firmino, that the excitement is even greater," Neymar said. Al-Hilal host Al-Feiha in the next round of the Saudi Pro League on Saturday.

Persons: Cristiano Ronaldo, Neymar, Ronaldo, Ballon, Nassr, Karim Benzema, Jordan Henderson, Riyad, Benzema, Roberto, Firmino, Hilal, Jorge Jesus, Ruben Neves, Serbia's Sergei Milinkovic, Kalidou Koulibaly, Malcom, –, Al, Tommy Lund, Ed Osmond Organizations: Saudi Pro League, Portuguese, Al, Paris St Germain, Manchester United, Liverpool, Manchester City, Wolverhampton Wanderers, Thomson Locations: Brazil, Hilal, Riyadh, Real Madrid, Manchester, Portuguese, Savic, Senegal, Gdansk

☆ Saudi league set to kick off after raiding Europe's top clubs
▼ + stars: | 2023-08-10 | by ( Shady Amir | ) www.reuters.com time to read: +4 min

Soccer Football - Opening of 2023-2024 Saudi Pro League - Jeddah, Saudi Arabia - August 7, 2023 General view of the trophy at the opening of the Saudi Pro League Saudi Pro League Media Office/Handout via REUTERS/File PhotoAug 10 (Reuters) - When the new Saudi Pro League season kicks off on Friday it will herald a new dawn for football in the Gulf kingdom which has spent close to half a billion dollars luring top players and coaches from traditional European powerhouses. Al-Ahli, in particular, are one of the few clubs that have benefited from the Saudi Public Investment Fund's (PIF) project to invest in and privatise clubs, which also include reigning champions Al-Ittihad, Al-Hilal and Al-Nassr. Saudi clubs spent nearly 450 million euros in the close season signing players, most from elite teams in Europe as the PIF created a blueprint for what football fans can expect in transfer windows to come. The league turned heads when Cristiano Ronaldo joined Al-Nassr last season soon after the World Cup in a deal which made him the highest-paid athlete on the planet. The Portugal forward's move paved the way for more household names to sign up for a Saudi league that has increased its size from 16 teams to 18.

Persons: Hazm, Al, Riyad Mahrez, Edouard Mendy, Roberto Firmino, Cristiano Ronaldo, Nassr, Ronaldo's, Nuno Espirito, Karim Benzema, N'Golo, Marcelo Brozovic, Alex Telles, Mane, Luis Castro, Hilal, Jorge Jesus, Ruben Neves, Serbia's Sergei Milinkovic, Savic, Kalidou Koulibaly, Malcom, Steven Gerrard, Jordan Henderson, Ettifaq, Gerrard, Henderson's, Shady Amir, Rohith Nair, Ken Ferris Organizations: Soccer, Saudi Pro League, Saudi Pro League Saudi Pro League Media, REUTERS, Saudi Public Investment, Al, Champions, Saudi, Nuno Espirito Santo, Croatia, Inter Milan, Manchester United, Bayern Munich, Wolverhampton Wanderers, Barcelona, Liverpool, Thomson Locations: Jeddah, Saudi Arabia, Al, Ahli, Ittihad, Hilal, Saudi, Europe, Portugal, Ballon, Senegal, Portuguese, Riyadh, England

☆ Saudi Arabia's Al Hilal sign Brazilian Malcom
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Brazilian winger Malcom has joined Al-Hilal from Russian side Zenit Saint Petersburg, the Saudi Arabian club announced on Wednesday. The Brazilian winger, who joined Zenit in 2019 from Barcelona, was the Russian Premier League's top scorer last season with 23 goals as his club won the title. Al Hilal also sought to sign Lionel Messi, with the Argentine great ultimately deciding to join Major League Soccer side Inter Miami. Al Hilal are the most decorated club in Saudi Arabia and Asia having won 66 trophies and hold the record for league and Asian Champions titles with 18 and four respectively. Boosting the squad is a priority for the Riyadh-based club, who have lost their league and Champions League crowns.

Persons: Malcom, Al, Hilal, Alexandr Medvedev, Kalidou Koulibaly, Sergej Milinkovic, Savic, Ruben Neves, Al Hilal, Lionel Messi, Mohamed Yossry, Shady Amir, Pritha Sarkar Organizations: Al, Zenit Saint Petersburg, Saudi Arabian, Twitter, RIA Novosti, Zenit, Russian Premier League's, Argentine, Major League Soccer, Inter Miami, League, Thomson Locations: Hilal, Russian, Saudi, Senegal, Serbia, Barcelona, Saudi Arabia, Al, Asia, Riyadh

☆ Saudi soccer dominance could still take 'decades' despite reported $332 million Mbappé bid
▼ + stars: | 2023-07-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Aurelien Meunier - PSG/PSG via Getty ImagesSaudi Arabian soccer club Al-Hilal reportedly tabled a world record 300 million euro ($331.9 million) bid for Paris Saint-Germain star Kylian Mbappé, a further signal of the kingdom's efforts to shake up the sport's global order. Al-Ahli snapped up Chelsea goalkeeper Edouard Mendy and former Liverpool striker Roberto Firmino, and have just agreed a £30 million ($38.54 million) deal to bring in forward Riyad Mahrez from reigning English Premier League and European champions Manchester City. A medium-term threat Soccer isn't the first sport to be rocked by a sudden wave of Saudi investment. This is more like a couple of decades before I think we could see some significant impact." Cristiano Ronaldo stands prior to the Saudi Pro League week 28 soccer match between Al-Nassr and Al-Shabab at Alawwal Park Stadium in Riyadh, Saudi Arabia on May 23, 2023.

Persons: Kylian, Paris Saint, Germain, Le, Aurelien Meunier, Hilal, Mbappé, Nassr, Cristiano Ronaldo, Marcelo Brozovic, Alex Telles, Ronaldo, Ballon, Karim Benzema, N'Golo Kante, Edouard Mendy, Roberto Firmino, Mahrez, Anmar Al, Khalid Alhaj, Al, Ruben Neves, Kalidou Koulibaly, Sergej Milinkovic, Savic, LIV, Michael Goldberg, DBRS Morningstar, Goldberg, Jude Bellingham, Mohammed Saad Organizations: Paris Saint, Campus PSG, PSG, Getty Images, Al, French, country's Public Investment Fund, Real, English Premier League, Newcastle United, Saudi, — Al, Saudi Pro League, Inter Milan, Manchester United, Real Madrid, Chelsea, Liverpool, Manchester City, King Abdullah Sports City, Premier League's Wolverhampton Wanderers, Senegalese, Lazio, UEFA, Champions League, England's Premier League, Liga, Germany's Bundesliga, Italian Serie, isn't, DBRS, CNBC, Bayern Munich, Juventus, Borussia Dortmund, Alawwal, Anadolu Agency, Getty Locations: POISSY, France, Paris, Le Havre, Getty Images Saudi Arabian, Qatar, Real Madrid, Spanish, Saudi, Ittihad, Al, Hilal, Ahli, JEDDAH, Saudi Arabia, Europe, Italian, Barcelona, Liverpool, Shabab, Riyadh

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