# Potential Al-Nassr ownership acquisition > Developing situation record from CLSTR: https://clstr.news/situations/potential-al-nassr-ownership-acquisition > Updated: 2026-10-30T14:55:51.000Z. Sources: 6. Developments: 2. Reports emerged that an American investment consortium led by RedBird Capital Partners is in preliminary negotiations to acquire a 70% stake in the Saudi Arabian football club Al-Nassr. Under this proposed deal, Cristiano Ronaldo could potentially acquire a 20% share in the team. This move is viewed as part of a broader effort by Saudi Arabia to attract private investment and reduce the reliance of football clubs on the Public Investment Fund, which is reportedly working to stabilize the club's finances amid approximately $213 million in debt. Following these reports, Gerry Cardinale, the head of RedBird Capital Partners, confirmed that preliminary discussions regarding a potential investment are taking place. While Cardinale noted that discussions are in the early stages with no established timeline or agreement, he expressed strong interest in the Middle East region. He also indicated a desire to meet with Cristiano Ronaldo to discuss the player's future ambitions and potential involvement with the club after his retirement. ## Timeline ### 2026-10-30: Gerry Cardinale expresses interest in acquiring Al-Nassr RedBird Capital Partners head Gerry Cardinale has confirmed preliminary talks regarding a potential acquisition of Saudi Arabian football club Al-Nassr. 4 sources. https://clstr.news/cluster/gerry-cardinale-expresses-interest-in-acquiring-al-nassr ### 2026-10-28: Cristiano Ronaldo linked to Al-Nassr ownership stake Cristiano Ronaldo could acquire a 20% stake in Al-Nassr as American investors RedBird Capital Partners negotiate a 70% takeover of the Saudi Arabian club. 2 sources. https://clstr.news/cluster/cristiano-ronaldo-linked-to-al-nassr-ownership-stake --- Cite as: Potential Al-Nassr ownership acquisition. CLSTR, https://clstr.news/situations/potential-al-nassr-ownership-acquisition