A source close to Al-Ittihad’s management said the club’s takeover process remains under review and that a new investor has yet to be named.
Review timeline
The source said the search for a new investor is still ongoing and that the ownership transfer could stretch until the end of 2027, depending on financial and administrative evaluations of the applicants.
Scope of the assessment
The source said the takeover file has entered an advanced stage of review, including assessments of investors’ financial solvency, funding sources, financial obligations and ability to own and run the club and meet its demands in the near and medium term.
The evaluation covers local and foreign investors in line with the conditions and regulations set by the owning body. Foreign investment requires a local partner within the ownership structure under the approved regulatory framework.
Applicants and negotiations
Local investors can apply to acquire Al-Ittihad individually with a stake of up to 70 per cent, provided they meet the required criteria on financial capacity and administrative efficiency, the source said.
Negotiations with interested parties are continuing, and the submitted files have reached the review of financial and administrative details and the final evaluation ahead of the executive procedures.
Decision on the deal
The investors have not been named and no final date has been set to close the deal, according to the source. The transfer date still hinges on completing the evaluations and approving the results, which may push resolution of the file back to the end of 2027.
