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After a summer of big spending came a winter of tight pockets in Saudi Arabia. The arrival of Cristiano Ronaldo in January 2023 was the cornerstone of Crown Prince Mohammed Bin Salman Bin Abdulaziz Al Saud’s ambitious project to place the Arabian country at the epicentre of the Sports world, with soccer at the forefront, and to give the region a facelift with an unprecedented injection of money. The executing arm of the Saudi plan is the Public Investment Fund (PIF) is governed by Yasir bin Othman Al Rumayyan, chairman of Newcastle and Saudi Arabia’s largest oil company. The PIF is the owner of the four big soccer clubs: Al Hilal, Al Nassr, Al Ittihad and Al Ahly , which are largely responsible for the Saudi Pro League’s investment of more than $1 billion in transfers last summer. Scenes 💙#AlHilal#RiyadhSeasonCup ✨ pic.twitter.com/xTS8ltSWqQ — AlHilal Saudi Club (@Alhilal_EN) January 29, 2024 The Saudis have stopped spending money Thanks to this cash injection, the four ...

Barcelona have tied down young prospect Lamine Yamal with a three-year contract extension , with plans in place to offer him improved terms when he turns 18. The club have announced that the new deal will keep him at the club until 30 June 2026 . Yamal’s new contract has a buyout clause set at €1 billion ($1.05bn) . The 16-year-old winger has broken into the first team this season and become a frequent starter for the Spanish champions. Xavi Hernandez named Yamal in the team ahead of Ferran Torres for last weekend’s game against Sevilla and he was instrumental in setting up the only goal of the game. ❝It's an honor.❞ — Lamine Yamal on his new deal with Barça pic.twitter.com/bm3eFfimnx — FC Barcelona (@FCBarcelona) October 2, 2023 Yamal made his Barcelona debut aged just 15 years, nine months and 16 days and he is the youngest person to play for and to score for the Spanish national team. Why is Lamine Yamal’s release clause so high? In a bid to protect their most ...