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Saudi Hits Again: Al Hilal Clinches €90 Million Deal with PSG for Neymar.

Victoria Attah by Victoria Attah
September 12, 2023
in Markets, Wealth
Reading Time: 2 mins read
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Saudi Hits Again: Al Hilal Clinches €90 Million Deal with PSG for Neymar.
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In a surprising turn of events, Saudi Pro League outfit Al Hilal has secured a monumental €90 million ($98.6 million) agreement with Paris Saint-Germain (PSG) for the transfer of Brazilian football superstar Neymar. Sources close to the matter have revealed the details of this groundbreaking deal, indicating a shift in the dynamics of international football transfers.

Earlier reports from ESPN had hinted at Neymar’s potential move to Al Hilal, with negotiations in progress between the player and the club. Now, it has been confirmed that Neymar will be donning the Al Hilal jersey under a two-year contract, featuring the option of extending to a third year.

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Neymar’s arrival at Al Hilal will see him join forces with newly acquired teammates, including the likes of Kalidou Koulibaly, Rúben Neves, and Sergej Milinković-Savić, all of whom embarked on their Al Hilal journey earlier this summer.

Notably, Al Hilal is among the four clubs, namely Al Nassr, Al Ahli, and Al Ittithad, which were taken under the ownership of Saudi Arabia’s Public Investment Fund (PIF) as part of the ambitious “Sports Clubs Investment and Privatization Project.” This endeavor aims to elevate the stature of Saudi football and mark a significant milestone in the nation’s sporting landscape.

The Saudi Pro League teams have demonstrated a bold and strategic approach in the current transfer window, showcasing their willingness to offer substantial contracts to some of the most prominent figures in global football.

Neymar’s history with PSG is marked by exceptional accomplishments and challenges alike. In 2017, PSG made headlines by shattering the world record with the signing of Neymar from Barcelona in a jaw-dropping €222 million deal. This transfer made Neymar the most expensive footballer in history, a title he still holds to this day.

During his tenure in the French capital, Neymar collected an impressive array of achievements, including five Ligue 1 titles and a total of 13 domestic honors with PSG. Furthermore, he played a pivotal role in PSG’s journey to the 2020 Champions League final, solidifying his status as a football icon on the global stage.

As Neymar’s chapter with PSG concludes, his move to Al Hilal ushers in a new phase of his illustrious career. Football enthusiasts worldwide eagerly anticipate witnessing his impact on Saudi Pro League football and the legacy he continues to build in the beautiful game.

Tags: Al HilalFootball CareerFootball SuperstarFootball TransfersNeymar TransferParis Saint-GermainPublic Investment FundRecord TransferSaudi Pro LeagueSports Investment
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