REVEALED: PIF key to Chelsea selling stars to Saudi clubs

Football
20 Jun 2023 • 5:59 PM MYT
Tribal Football
Tribal Football

Tribal Football covers news from the Premier League, LaLiga and Serie A

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Chelsea are happy to sell their unwanted players to Saudi Arabian clubs this summer.

N'Golo Kante, Edouard Mendy, Hakim Ziyech and Kalidou Koulibaly are all on the brink of moving to the Saudi Pro League.

The Daily Mail says the key link between all parties is the Saudi Public Investment Fund (PIF), which has just taken a controlling stake in four SPL clubs - Al-Hilal, Al-Nassr, Al-Ittihad and Al-Ahli.

PIF also hold a stake in ClearLake Capital, which are part owners in Chelsea along with Todd Boehly.

As such, they're happy to tap their relationship with Chelsea to not only strengthen their SPL teams, but also ease Financial Fair Play concerns at Chelsea.

In two transfer windows, Chelsea have paid out over 600m on new signings, recouping around 60m for a net spend of 540m.