RedBird Capital in talks to acquire 70% of Saudi club Al-Nassr

RedBird Capital is negotiating a 70% stake in Saudi club Al-Nassr for about one billion riyals, with Cristiano Ronaldo set to hold a 20% share.

• RedBird Capital, owner of AC Milan, has held at least two meetings with Saudi Arabia's Public Investment Fund on the acquisition.
• The proposed structure would allot Cristiano Ronaldo a 20% stake alongside the investor alliance.
• The Public Investment Fund is working to settle Al-Nassr's debts of about 800 million riyals ($213 million) ahead of the sale.
• A source close to the fund said the talks remain preliminary and may not end in a deal; RedBird and the fund declined to comment.