Inside The Saudi Gold Rush

In the first week of June, Saudi Arabia’s soccer authorities and its sovereign wealth fund announced an audacious plan to transform the game in the kingdom

By Rory Smith, Tariq Panja and Ahmed Al Omran

LONDON — The cold calls and text messages started arriving on Jan Van Winckel’s phone a couple of months ago, and they have not stopped. They come at a rate of about 10 a day, he said, a steady stream of hope-you’re-wells and long-time-no-speaks from old acquaintances, archived contacts, friends of friends of friends.

The bromides change, but the brass tacks are the same. Van Winckel, 49, now works in the United Arab Emirates, but he has spent a good portion of his career in soccer in Saudi Arabia, serving as both a coach and the technical director of the country’s national teams.

That is what makes him valuable to agents, brokers and executives pinging his phone, over and over, all asking for the same thing: an introduction to a Saudi club president, a connection to an official at the Saudi Pro League, the phone number of someone, anyone, who might be able to help them stake their claim in soccer’s new gold rush.

In the first week of June, Saudi Arabia’s soccer authorities and its sovereign wealth fund announced an audacious plan to transform the game in the kingdom: The Public Investment Fund, they announced, would take control of four of Saudi Arabia’s most prominent teams, and hundreds of millions of dollars would be made available to buy some of the game’s biggest stars. And in that moment, even before the first checks were cut, the Pro League became one of the most appealing destinations in the world.

Just as with its interventions in golf, boxing and a host of other sports, the rationale offered by the Saudi authorities focused on public health benefits, the need to diversify the country’s economy, a desire to help wean it from a reliance on oil. Outside, a more cynical explanation took hold: This was just another attempt by the country’s autocratic leaders to hide its abysmal human rights record behind sport’s gilded drapes.

Soccer, though, did not waste time wondering about the whys and wherefores. Instead, the sport — or, rather, the web of agents and intermediaries, fixers and middlemen who operate in the game’s opaque player trading industry — did what it always does when there are deals to be done and money to be made. It got to work.

Maelstrom

It did not take long for Saudi Arabia’s bold vision of the future to bear fruit. A couple of days after the Public Investment Fund’s announcement, Karim Benzema — the reigning Ballon d’Or winner — was on a private jet to Jeddah, where he would sign with Al-Ittihad. In the weeks since, a half-dozen other pros who played in Europe have followed, among them N’Golo Kanté, Rúben Neves and Roberto Firmino.

That is probably only the start. Saudi Arabia’s sports ministry has reportedly set aside about $800 million to beef up the league’s rosters this summer, with the aim of making at least 18 high-profile signings. Philippe Coutinho and Jordan Henderson may join Al-Ettifaq, now coached by the former Liverpool and England star Steven Gerrard. Colombians Radamel Falcao and James Rodríguez and Brazilian midfielder Fabinho are considering lucrative offers, too.

Even current and former employees at Newcastle United — the Premier League team majority owned by the Public Investment Fund, or PIF — have found their phones unexpectedly busy. Some calls come from agents with players to hawk. Others are from teams desperate to offload their surplus to Saudi Arabia. Far too many come from self-appointed rainmakers of indeterminate credibility.

Nobody, though, has been quite so affected by the maelstrom created by Saudi Arabia’s vision of the future — either carelessly or inadvertently — as the Saudis themselves.

It took months for the Saudi Pro League, the Ministry of Sport and the PIF to draw up a plan to change Saudi soccer. External consultants, paid princely sums for their advice, were hired to make sure the venture felt “authentic.”

The country did not, it made plain, want to repeat the myriad mistakes made by the Chinese Super League in its brief, dazzling moment in the sun in 2016. The intention, as with many of the projects linked to Crown Prince Mohammed bin Salman’s Vision 2030 program, was to build something sustainable.

Saudi Arabia’s teams are among the best in Asia, but many of them have only the loosest internal structures. Few have sophisticated recruitment departments: For years, they have been “passive” purchasers, one executive said, reliant on agents to pitch players to them.

The clubs’ finances, too, can be surprisingly fly-by-night. At one point this season, Al-Ittihad — now home to Benzema and Kanté and their nine-figure contracts — failed to pay some of its employees for three months. Even as those recent signings were being announced, the club had not yet fulfilled its bonuses for what had been a title-winning campaign last season.

It was also one of a number of Saudi clubs that still had a case outstanding at the dispute resolution chamber at FIFA’s headquarters in Zurich, the body where players and teams that have been stiffed over unpaid salaries or transfer fees go to complain. So, too, did Al-Nassr, home of Cristiano Ronaldo.

The Pro League issued its clubs a list of a couple dozen recommended signings, mainly players in their early 30s, many of them out of contract at European teams, and a set of relatively simple ground rules.

Any player commanding an annual salary of more than $3 million would have to be approved by the league. Teams were not to negotiate against one another, and any player found to be using one team as a bargaining chip to elicit a more lucrative salary from a rival would be immediately blacklisted. The teams were urged to think collectively. The idea of appointing a sporting director to work across the league as a whole was suggested. The role may soon be handed to Michael Emenalo, who once held that post at Chelsea.

For the time being, though, the clubs were granted a degree of autonomy. They would be able to pursue the targets they felt best suited their needs. They would not have to accept players against their wishes.

Al-Hilal, for example, one of the four clubs slated to be taken over by the PIF, elected against signing Luka Modric when it became clear he would consider only a one-year contract. (Most of the deals being offered run for three years, ensuring that players who sign will be in Saudi club colors in the run-up to the 2026 World Cup.)

It did not take long, though, for the opportunists who populate the shadier corners of the transfer market to spot the cracks in the system. Saudi executives, unaccustomed to the active pursuit of players, found themselves flummoxed by the sheer number of agents claiming an exclusive mandate to negotiate on behalf of clients or to act as the sole representative of a European club.

At the same time, the league found that its valuations at times varied wildly from those of its team presidents, who were apparently more than happy to use government money to pay well above market value. When Al-Hilal submitted a bulk offer for five Chelsea players, officials privately fumed at what they perceived to be a massively inflated fee, one that might drive up prices elsewhere.

Within a couple of weeks, the league realized it needed to change its approach, to find a way to impose some sort of order on the chaos. The job of doing so would fall to an official who had built an influential, if low-profile, career in Saudi sports. That man, Saad Al-Lazeez, was about to become arguably the most important person in European soccer.

Receipts

One of Van Winckel’s tasks after taking on a post as the technical director of the Saudi Arabian soccer federation in 2015 was to arrange a tour of a handful of major European clubs. He took, as his guests, a number of officials from the federation and a couple of team presidents. The aim was to see what Saudi Arabia could learn from Europe’s most famous talent factories.

It was a good decision. At the end of the trip, Van Winckel not only gave a detailed presentation to a hundred or so staff members at the Saudi federation, showcasing what he and his cohort had learned, but he also submitted a full set of receipts for the trip.

He had been sent by Prince Abdullah bin Mosaad, minister for the General Sports Authority, the precursor to the Ministry of Sports. But it was his vice president for technical and investment affairs who signed off on the expenses: Al-Lazeez.

Al-Lazeez has taken the same fastidious approach since replacing a British executive, Garry Cook, as chair of the Saudi Pro League in May. Colleagues describe him, variously, as urbane, effective and smart. His English is “impeccable.” He is, as Van Winckel put it, “someone who thinks in the macro.”

Precise biographical details, though, are scant. Al-Lazeez is said to be an ardent NFL fan. He has, according to a Pro League statement, a master’s degree in project management from the University of Liverpool. He has had spells as the Pro League’s CEO and vice chair, too, and has had places on the boards of a number of European teams owned by Abdullah, including Sheffield United.

Quite how much any of those roles prepared him for his current task — managing the flow of hundreds of millions of dollars and the acquisition and dispersal of some of the world’s best soccer talent — is unclear.

At Sheffield United, he helped allocate the budget and assess performance, but staff members at the club during his yearlong spell as a director do not recall him helping with player recruitment or attending board meetings. This summer, then, his learning curve has been steep.

In an attempt to streamline the Pro League’s attempts to sign players, Al-Lazeez relocated to Europe. Splitting his time among London, Paris and Spain, he did all he could to cut through the noise and keep Saudi Arabia’s carefully curated plans on track.

It is Al-Lazeez, now, who ultimately controls access to the Saudi market. He chooses which players, which agents and which clubs profit from the gold rush.

He is the person all of those people — the agents and the intermediaries, the fixers and the fantasists — must talk to if they are to stake their claim. His is the one phone number everyone wants. For most, it is the one number they will never get. – New York Times

Comments are closed, but trackbacks and pingbacks are open.

otc high blood pressure treatment blood pressure guidelines medications blood pressure pills that is safe for the liver high blood pressure medication levothyroxine blood pressure medication that reduces blood pressure is there any difference in blood pressure pills high blood pressure child medication blood pressure medication recommendation nose blue blood pressure medication blood pressure is 150 68 should i take my medication blood pressure medication while nursing taking a bunch of high blood pressure pills aerobic exercise and blood pressure medication good blood pressure medication acupuncture treatment for low blood pressure best over the counter pills for high blood pressure blood pressure pill amlodipine besylate high blood pressure signs and treatment moderna vaccine blood pressure medication which blood pressure drugs do not cause tinnitus blood pressure medication fights cancer blood pressure medication skin rash side effects of high blood pressure medication impotence medication to avoid on blood pressure medications high blood pressure rx medication peripheral neuropathy caused by blood pressure medication high blood pressure in pregnancy treatment nice runny nose do to blood pressure medication how to get off of blood pressure pills hiv medication and high blood pressure niacin treatment for high blood pressure two drugs for blood pressure that caused cancer high blood pressure causing medications high blood pressure medication names canada blood pressure medication side effects alcohol i take 3 blood pressure medication blood pressure pills that help with anxiety what iv drug raises blood pressure list of doctors who formulated blood pressure medications how to remember blood pressure medications sleeping pills blood pressure how fast does blood pressure medication take effect sweet n low high blood pressure medication home treatment for blood pressure high blood pressure medication matrocet high blood pressure medication doses blood pressure drug bystolic iberstaron blood pressure medication blood pressure medications st alphabetical celexa and high blood pressure medication does blood pressure pills irritation skin can i take combivent with high blood pressure medication blood pressure medications beta blockers list what to do if blood pressure medication does not work drugs to lower your blood pressure red beet pills for blood pressure taurine and blood pressure medications how ling for garlic pills to lower blood pressure blood pressure medication list and side effects can i take aspirin with high blood pressure medication blood pressure medication teaching about hot tubs water pills high blood pressure over counter what is an arb medication for blood pressure resveratrol high blood pressure medication high blood pressure medication and weight loss gum disease and blood pressure medication benzenesulfonic acid in blood pressure medication taking two blood pressure pills by mistake allergy pills for high blood pressure blood pressure prescription drugs safety blood pressure medication in pregnancy trazodone and blood pressure medication which blood pressure medication is linked to skin cancer list of blood pressure medications with the least side effects could blood pressure medication make blood thicker disadvantages of high blood pressure medication blood pressure medications ludipril typical drugs for high blood pressure otc water pills for high blood pressure blood pressure medications that do not doncause bowel blockage high blood pressure after corrosion treatment how soon does high blood pressure medication work blood pressure medication teaching amertyrine high blood pressure medication increased blood pressure and heart rate after drug overdose over the counter drugs high blood pressure blood pressure medication 25 is blood pressure medication a nitrate most effective blood pressure pills blood pressure medical does red yeast rice interfere with high blood pressure medication can apple cider vinegar pills lower blood pressure does blood pressure medication give you headaches high blood pressure medication and driving should you take blood pressure pills with food inn blood pressure drugs can you eat bananas if taking blood pressure medication popular high blood pressure medication blood pressure medication los blood pressure medication second drug low blood pressure and hypertension medication do water pills lower blood pressure high blood pressure pill aqunadine high blood pressure cholesterol medication how does medication lower blood pressure acetaminophen blood pressure medication blood pressure medication 30 mg that works around the heart what does grapefruit do to blood pressure medication can red yeast rice be taken with blood pressure medication pharmaceutical treatment for high blood pressure are blood pressure pills statins blood pressure pills that start with r blood pressure medication and male impotence taking baby aspirin with other high blood pressure medications what is the medical name for a blood pressure cuff leg cramps and blood pressure medication blood pressure pill name starts with p natural high blood pressure treatments blood pressure medication names losartan higher blood pressure with radiation treatment medical marijauna high blood pressure how to avoid medication for high blood pressure what time is best to take blood pressure medication medication for palpitations and high blood pressure latest news on blood pressure treatment what if i take two blood pressure pills does xanax interfere with blood pressure medication amlipan blood pressure medication vitamin e and blood pressure medication tell me the side effects of high blood pressure medication herbs pills to lower blood pressure blood pressure medication urge to urinate what medication will safely replace lisop as blood pressure medicine active ingredient in high blood pressure medication blood pressure medications cause adrenal tumors is biktarvy ok to take with high blood pressure medication alembic blood pressure medication sandoz blood pressure medication exercise high blood pressure medication grapefruit pills blood pressure treatment for high blood pressure at home blood pressure medication for patients with osa cycle on off blood pressure medication blood pressure drugs that do not cause heat sensitivity blood pressure medications that do not cause coughing what blood pressure medications do not cause rosacea pfizer blood pressure medication side effects do garlic pills really help lower blood pressure should i take medication for anxiety induced blood pressure treatment for uncontrolled blood pressure decongestant medication high blood pressure can stiff days be used with high blood pressure medication how long does it take medication to lower blood pressure what if i miss a blood pressure pill tribenzor high blood pressure pills law lawsuit 2023 treatment of sudden drop in blood pressure zoloft and blood pressure medication orange high blood pressure pill cancer blood pressure pill why cant people with high blood pressure take keto pills how long for blood pressure to go down mini pill should i get second opinion before taking blood pressure medication blood pressure erectile dysfunction medication high blood pressure medication m lot ben medical device lowers blood pressure puppy ate blood pressure pill are there medications for low blood pressure dod blood pressure medication is losartan a blood pressure pill combination drugs for blood pressure marijuana and blood pressure medication interaction blood pressure medication interactions with grapefruit can you eat bananas while taking high blood pressure medication steps before going on high blood pressure medication blood pressure medication when to cut down foods to avoid on blood pressure medication blood pressure medications depression blood pressure medication non beta blocker tattoos and high blood pressure medication what is the medications used to lower blood pressure quickly high blood pressure medication leg swelling blood pressure medication men in your 40s blood pressure medication wieight loss blood pressure medication hy can blood pressure medication lower blood sugar does blood pressure medication make you pee natural treatment high blood pressure during pregnancy can you take l arginine with high blood pressure medication what class of blood pressure medication can can blood pressure pills reduce appetite faa approved medication for high blood pressure high blood pressure medication during pregnancy best blood pressure medication for type 2 diabetes blood pressure and pain medication pain medication that does not affect blood pressure best high blood pressure drugs on the market if you take incorrect medications to lower blood pressure low blood pressure treatments does your body have to adjust to blood pressure medication why water pill for high blood pressure drugs for treatment of very high blood pressure during pregnancy can i drink grapefruit juice with high blood pressure medication can blood pressure pills make you feel cold high blood pressure medication that helps with weight loss amlodipine blood pressure drug blood pressure medication for infants varicose veins blood pressure medication life extension high blood pressure medication does tylenol interfere with blood pressure medication can i take diamox with other high blood pressure medications prestige medical blood pressure cuff calibration drugs used for high blood pressure chamomile tea and high blood pressure medication narcotics stored alongside blood pressure medications in does nutrigrove blood pressure pills work extremely low blood pressure treatment blood pressure medication for iga nephropathy blood pressure medication low side effects can i increase my blood pressure medication what is the best blood pressure medication to take drugs that cause increased blood pressure does biotin interfere with high blood pressure medication cani od on high blood pressure pills blood pressure medication that also helps with jerking blood pressure medication categories first line treatment of high blood pressure medication for low blood pressure in usa armour thyroid drug interactions blood pressure meds hepatitis c treatment high blood pressure high blood pressure arb drugs low blood pressure treatment with essential oils high blood pressure medication list for pregnancy blood pressure medication and snake venom blood pressure medication low dose liquid blood pressure medications ivf drugs and high blood pressure left my blood pressure medication does it matter when you take blood pressure medication can you take blood pressure pills twice a day privilin blood pressure medication how big are blood pressure pills once you start blood pressure medication can you stop diuretic in blood pressure medication what medication reduce blood pressure new blood pressure treatment prescribed home medications for high blood pressure blood pressure medication side effects forums taking blood pressure pills dizzy when bend over a lot blood pressure medication and nyquil cinnamon pills and high blood pressure temporary high blood pressure treatment single agent blood pressure medication blood pressure medication made in china fda approved medications to reduce blood pressure immediate treatment for high blood pressure at home best time to take blood pressure pills muscle loss on high blood pressure medication blood pressure medication when needed treat high blood pressure without medication blood pressure medication side effects for men cbd pills for high blood pressure blood pressure regulation without medication blood pressure medication and pre workout high blood pressure alzheimer disease and antihypertensive treatment miss blood pressure medication blood pressure pills suicide peaceful emergency drugs for low blood pressure common blood pressure medications in canada systolic blood pressure define medical viril and high blood pressure pills can statin drugs help lower blood pressure do you have to wean off blood pressure medication new drugs for blood pressure when is high blood pressure medication necessary drugs for hi blood pressure cold medications and blood pressure taking 2 blood pressure pills mistake why doctors stopped prescribing blood pressure medication common high blood pressure medication canada what side effects does blood pressure medication have ulcer medication high blood pressure can high blood pressure medication elevate alkaline phosphatase blood pressure medication warning getting blood pressure medication jamaica alkaline water and blood pressure medication blood pressure going up and down with medication drugs reduce systolic blood pressure treatment for rapid high blood pressure low blood pressure alternative treatment do all high blood pressure medications cause weight gain medication for increasing blood pressure blood pressure medication for african american males vitamins for high blood pressure treatment aleve with blood pressure medication how to lower blood pressure without pills blood pressure triple pill who blood pressure guidelines for hygiene treatment what drug reduces blood pressure blood pressure medications enalapril met blood pressure medication