Privatization of sports clubs welcomed to bring quality shift in Saudi sports

Updated 23 November 2016
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Privatization of sports clubs welcomed to bring quality shift in Saudi sports

RIYADH: The Cabinet decision approving privatization of sports clubs in the Kingdom enthused sports lovers, analysts and businessmen alike, as they welcomed the decision on Tuesday, which they described as a good move to bring a quality shift in Saudi sports, and promote more sports clubs.
The Cabinet meeting, chaired by Custodian of the Two Holy Mosques King Salman here on Monday, approved the privatization of premier football league clubs. The General Authority for Sports will stipulate the regulations and conditions governing how these sports companies will carry out their activities.
Moreover, it approved formation of a committee to supervise the completion of the club privatization stages, to be headed by the president of the General Authority for Sports, and members comprising the deputy minister of economy and planning, commerce undersecretary for systems and regulations, in addition to representatives of the Finance Ministry, the Saudi Arabian Football Association, and the Professional League Association.
Majed Abdullah Al Hedayan, legal affairs in-charge at the Riyadh Chamber of Commerce and Industry, told Arab News, “With this decision we are assured of a way of switching sports institutions of full reliability to professionalism, more competitive sports, and a better future of sports organizations to create internal investment opportunities, contribute to the creation of permanent jobs, and help to stimulate physical activity and creativity to achieve sustainable development in sports to meet the public’s aspirations and expectations.”
He said sports clubs have been given considerable attention in recent years, and attempts were made to revive these institutions, enhancing their role in society, which, unfortunately, did not keep pace with the required progress at the national level, as they were not commensurate with the needs of young people, who represent a large proportion of our society.
Abdurrahman Inayat, a sports enthusiast, said sports and entertainment form an important part of the Vision 2030, as the ambitious plan asserts that the two aspects represent the main pillars of a quality life; therefore, the government pledges to provide a rich experience and reach the citizen’s expectations. This decision would encourage the sports sector, and allow it to contribute to the national economy and help diversify income sources with the private sector, he added.
Commenting on the decision, Fawwaz bin Khairi Al-Hakami, an associate professor for sports sciences at King Saud University, said that the Cabinet decision is a mega-stimulus for investment as it copes with the economic diversification drive contained in Vision 2030. It is expected that private investment in sports clubs will generate thousands of jobs, he added.
Salman Al-Malik, of the Saudi Arabian Football Association, told local media that the privatization decision was a positive step and a quality leap for sports in the Kingdom. The privatization move is a historic decision that will positively be reflected on sports clubs, in particular, and sports, in general, he added.
Appreciating the decision, sports investors speaking on local TV went on to suggest that an inventory of assets of the sports clubs should be made before the privatization process.


Floyd Mayweather rematch closer as Manny Pacquiao signs to face ‘top PBC fighters’

Updated 23 October 2018
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Floyd Mayweather rematch closer as Manny Pacquiao signs to face ‘top PBC fighters’

  • Pacquiao said that he was “90 percent” sure a bout with former four-division world champion Adrien Broner would happen in January
  • Unbeaten Mayweather said in September he would come out of retirement to face Pacquiao later this year

MANILA: A potential blockbuster rematch between Manny Pacquiao and Floyd Mayweather moved a step closer as the Filipino icon confirmed he has signed with Al Haymon’s Premier Boxing Champions (PBC).
Eight-weight world champion Pacquiao said he would close out his storied career by facing “top PBC fighters” in announcing late Monday the tie-up with influential Mayweather adviser Haymon’s organization.
“My team will work closely with Al Haymon for the remainder of my career to deliver the most anticipated fights with the top PBC fighters,” Pacquiao said in a statement.
“Those are the fights the fans want to see and the ones I want to have to close out my career,” he added.
Pacquiao said last week that he was “90 percent” sure a bout with former four-division world champion Adrien Broner would happen in January, possibly in Las Vegas.
“Pacquiao’s first defense of the World Boxing Association welterweight world title will kick off the new partnership,” Haymon’s PBC said in a statement without giving further details.
“The new alliance will have team Pacquiao and Haymon work together to navigate the remainder of his illustrious career,” it added.
The deal could pave the way for a Pacquiao-Mayweather rematch of the 2015 megafight which generated a record 4.6 million pay-per-view buys earning $600 million and ended with the American winning on points.
Unbeaten Mayweather, who hasn’t fought since knocking out mixed martial artist Conor McGregor last year, said in September he would come out of retirement to face Pacquiao later this year.
The American, 41, has since hinted at taking a warm-up fight first, talking on social media of a “huge boxing event” in Tokyo and then last week said he would be willing to accept a challenge to fight against McGregor’s MMA conqueror Khabib Nurmagomedov.
The deal with Haymon represents a new chapter for the 39-year-old Pacquiao, who has been promoted for the majority of his 20-year professional career by Bob Arum’s Top Rank organization.
“I wish him the best of luck, a tremendous warrior, and whatever he’s doing in the future, he deserves,” Arum said of Pacquiao on Fighthub TV in Las Vegas at the weekend.
Pacquiao pumped new life into his storied career in July when he delivered his first knockout in nine years against Lucas Matthysse of Argentina.
Ahead of the fight against big-punching Matthysse, Pacquiao said he considered himself the “underdog,” but he rolled back the years to register a 60th win and take the Argentine’s WBA welterweight belt.