Club Owner Refuses Further Investment, New Chairman Threatens to Resign

Club Owner Refuses Further Investment, New Chairman Threatens to Resign

On July 26, Ibrahim Al- Muhaidib, the new chairman of Al-Nassr, threatened to resign due to lack of financial support. This puts the club at risk of having two chairmen in a year.

In April, after losing the Riyadh derby 0-2 to Al-Hilal, Muammar, then chairman of Al-Nassr, resigned due to the team’s poor performance.

As the new season of the Saudi Pro League is about to begin, the club’s new chairman Ibrahim Al- Muhaidib has clashed with the club’s investment institution PIF (Public Investment Fund). PIF stated that Al-Nassr spent too much money last year, depleting the transfer budget, and will not approve new funds for reinforcement this summer.

Al-Nassr’s new chairman Ibrahim Al- Muhaidib expressed his dissatisfaction: “Everyone knows that you can’t clap with one hand. If the current situation of Al-Nassr does not improve, I will submit my resignation. I will always be with the fans of Al-Nassr and will do my best to help the team.”

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