Why Saudi Arabia is spending hundreds of millions on soccer stars like Cristiano Ronaldo and Neymar

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Why Saudi Arabia is spending hundreds of millions on soccer stars like Cristiano Ronaldo and Neymar
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Soccer in Saudi Arabia has entered a new era — the era of having global superstars play on Saudi turf.

to the now star-studded Pro League, which also includes five-time Ballon d'Or winner Cristiano Ronaldo.

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is the financial vehicle driving these high-priced transactions. Saudi Arabia's de facto leader, Crown Prince Mohammed bin Salman, chairs the PIF board.

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