Tuesday’s reports claim that Milan’s ownership group RedBird capital have held talks regarding a potential purchase of a majority stake in Saudi Pro League club Al-Nassr, which would also see Cristiano Ronaldo claim 20% of the shares in the club that he currently plays for.
Report: Milan owners interested in acquiring Al-Nassr alongside Ronaldo
According to information from Calcio e Finanza, the Saudi Public Investment Fund (PIF), which owns 100% of the shares in Al-Nassr, are working to settle the club’s current debts, which reportedly amount to €190m ($213m, 800m).
TURIN, ITALY – AUGUST 23: Gerry Cardinale, President of AC Milan, looks on before the Serie A match between Torino FC and AC Milan at Stadio Olimpico Grande Torino on August 23, 2026 in Turin, Italy. (Photo by Valerio Pennicino/Getty Images)
Their hope is to improve the club’s current financial situation in order to facilitate a sale to a consortium of investors led by RedBird, who also own Milan.
According to the Calcio e Finanza report, RedBird have met ‘at least twice’ with representatives from the PIF, and have discussed the possibility of acquiring a 70% stake in Al-Nassr.
It has been suggested that Cristiano Ronaldo could also take a 20% stake in the club that he currently plays for. Other entities, including the Saudi Media Company, are also involved in the consortium according to Tuesday’s report.
RIYADH, SAUDI ARABIA – OCTOBER 12: Cristiano Ronaldo of team Al Nassr celebrates scoring their second goal during the AFC Champions League Elite game between Al Nassr and Neftchi Fargona at Al Awwal Park on October 12, 2026 in Riyadh, Saudi Arabia. (Photo by Abdullah Ahmed/Getty Images)
Calcio e Finanza claims that RedBird are prepared to invest around €238m ($267m, 1bn) to acquire a 70% stake in Al-Nassr. This would give the club a total valuation of €340m ($381m, 1.43bn).
As things stand, negotiations are said to be at a ‘preliminary’ stage. Sources have told Calcio e Finanza that an agreement between RedBird and the Saudi PIF is not a guarantee at this stage.