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EXCLUSIVE: SAUDI ARABIA TO INVEST €200 MILLION IN AFRICAN FOOTBALL

May 20, 2023
2 years ago
Adaora Okonkwo Avatar
EXCLUSIVE: SAUDI ARABIA TO INVEST €200 MILLION IN AFRICAN FOOTBALL
Saudi Arabia has stated its intention to make a large investment in African football, reaffirming its commitment to the sport's development and expansion on the continent. The news was revealed in a statement on Transfer News Live's verified Twitter feed, a well-known source for football transfer reports. According to the tweet, the government is now negotiating a landmark sponsorship agreement worth roughly €200 million with the Confederation of African Football (CAF).



The planned arrangement aims to sponsor the future African Super League, a much-anticipated football league featuring the greatest talent from around the continent. Saudi Arabia's substantial financial support is expected to greatly raise the tournament's prestige and provide crucial resources.

Saudi Arabia's huge financial support is expected to greatly raise the tournament's reputation and provide crucial resources to participating teams and organizers. With this investment, Saudi Arabia hopes to strengthen ties with African football while also bolstering its own objectives within the global football community.



Furthermore, the arrangement serves a greater strategic goal for Saudi Arabia. The sponsorship agreement is expected to attract African nations' support for Saudi Arabia's ambition to host the renowned 2030 FIFA World Cup. Saudi Arabia hopes to improve its bid for hosting the world's most prestigious football tournament in a few years by exhibiting a deep interest in the growth of African football and investing in its development.

The announcement has sparked widespread excitement in the African and global football communities. If the deal is implemented, it might herald in a new age of collaboration between Saudi Arabia and African football, encouraging mutual growth, sporting excellence, and international cooperation. The African Super League would not only benefit financially from the substantial investment, but would also acquire notoriety on the global stage, capturing the attention of football fans worldwide.


Wesley Fofana reflects on a turbulent first season at Chelsea


Wesley Fofana has shared the 'pain' he feels as turbulent first season at Chelsea comes to a close in a recent interview.

The French defender was one of the marquee purchases made by new co-controlling owner Todd Boehly after completing his £70million move from Leicester during last summer transfer windows.

But his debut season has been one the club will hope to forget very quickly – unless they win their remaining three fixtures against Manchester City, Manchester United, and Newcastle, and their west London rivals Fulham suffer an almighty collapse, the Blues are set to finish in the bottom-half of the table for the first time in 27 years.

The 22-year-old suffered personally with spells on the sideline due to injury, whilst the club itself has seen four managers before the season's close, an enormous influx of players that has left those in charge with a bloated and disatisfied squad, and a string of poor results that that has unsettled the teams and fans alike.

Speaking to Sky Sports, Fofana shared how 'difficult' his first season in west London has been, and gave an insight into the club's dressing room.

'It's difficult for everybody because you see Chelsea in this position, and for sure everybody is not happy,' the centre-back said. 'But it's football. Some seasons, you are good. Some seasons, you are bad.

'Everybody is staying focused for next season now, to train more and push more to return to a high level.'