Everything You Need To Know About Al-Hilal’s Record Transfer Offer For Kylian Mbappe

Paris Saint-Germain have accepted a world record £259 million transfer fee from Al-Hilal for wantaway striker Kylian Mbappe. The French giants are desperate for a sale this year to avoid Mbappe leaving Parc des Princes as a free agent next summer, and as such they have granted Al-Hilal permission to speak with the player. However, the 24 year-old is said to be uninterested in a move to the Saudi Pro League and his preference is to hold out for Real Madrid in 2024. Along with the transfer fee, the Saudi side have also reportedly offered Mbappe a jaw-dropping £604 million in wages for just a single season with the club.

So, who exactly are the owners behind the Al-Hilal mega-money offer and which players have they signed so far during the summer 2023 transfer window? Here is everything you need to know.

Who Owns Al-Hilal?

Al Hilal is under shared ownership, with the Public Investment Fund (PIF) the majority owner with a 75% share. The remaining 25% is controlled by the Al Hilal Non-Profit Foundation.

The PIV is the sovereign wealth fund of Saudi Arabia, and with total estimated assets of around £320 billion, it is one of the largest in the world. It was set up in 1971 to invest money on behalf of the government, and has been controlled by Crown Prince Mohammed bin Salman, de facto ruler of Saudi Arabia, since 2015.

The PIF is playing a crucial part in Saudi’s strategy, named Vision 2030, to diversify the nation’s economy away from its dependence on oil. The sovereign wealth fund bought Newcastle United for £300 million in October 2021, acquiring