Media: Cristiano Ronaldo's club Al-Nassr has over $200 million in debt

Al-Nassr, the Saudi Arabian club represented by football superstar Cristiano Ronaldo, is reportedly grappling with significant financial problems. According to the Saudi newspaper Al-Riyadiah, the club's debt exceeds $200 million, largely stemming from financial decisions made last season.

This substantial debt has led to a transfer ban, preventing Al-Nassr from acquiring new players without sufficient financial resources. "The club is not allowed to make new acquisitions unless the management can ensure sufficient liquidity from the club's own revenues," a source told Al Riyadiah.

In response to the crisis, Saudi Arabia's Public Investment Fund (PIF) is said to be preparing measures to stabilize Al-Nassr's finances. The PIF has reportedly drafted a financial recovery plan for the club, which includes reducing the decision-making power of the club's management regarding fund usage. Independent consulting firms have also been hired to boost revenue and cut costs.

Al-Nassr's owners may also consider selling a portion of the club to a new investor, with two entities reportedly expressing interest in partial ownership. Despite these financial woes, Al-Nassr won the Saudi League last season, with Ronaldo scoring 28 goals in 30 matches.

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The club is not allowed to make new acquisitions unless the management can ensure sufficient liquidity from the club's own revenues.