The Public Investment Fund (PIF) of Saudi Arabia who wanted to sign for the country Vinicius Already Lamine Yamal is now seeking to increase its participation in Nintendo. The entity already controls 8.58% of the Japanese video game company, as well as other Japanese companies in the sector. However, the fund wishes to continue to increase its investments abroad.
The Saudi fund manages the four major football clubs from the eastern country (in the Saudi Professional League), who had been working on Operation Vinicius since last January. After that, they set their gaze on Lamine Yamal.
Concretely, the entity set its sights on the Barcelona player and offered a contract of 1,000 million net for five seasonsso that he becomes one of the icons of his league, as reported by OKDIARIO.
Saudi fund wants Nintendo
Now, Saudi Arabia’s Public Investment Fund is seeking to acquire Nintendo. In an interview with the Japanese agency Kyodo with the prince Faisal bin Bandar bin Sultan Al Saudvice-president of Savvy Games Group, a company which brings together PIF’s investments in the video game sector, admitted that “there are always opportunities”, referring to a possible additional investment.
The PIF strengthens its presence in the video game industryacquiring significant stakes in various Japanese companies. Currently, he controls 8.58% of Nintendo and almost 9% of Koei Tecmo Holdings, according to documents filed with the Department of Finance in June.
Additionally, the fund acquired shares in other video game software developers, such as Nexon And Capcomand plans to invest in other companies in the sector.
Regardless, the vice president of Savvy Games suggested that the fund did not intend to increase its stakes without the consent of its partners. “It is important to maintain communication to achieve goals in the right way,” he said. “We don’t want to rush,” he warned.
The official also highlighted Saudi Arabia’s potential to take advantage of business opportunities in video game localization and the use of intellectual property in collaboration with Japanese companies.
Nintendo stock reflected this increasing market activity, closing Monday’s session at Tokyo Stock Exchange with an increase of 4.44%.
Interest in Lamine Yamal
The sporting and financial managers of the FRP They have already silently started working on Operation Lamine. With Cristiano Ronaldo, Benzema And Neymar as the flagships of a countless constellation of stars, most in the latter part of their careers, but some also in their infancy, The Saudi Pro League began a new stage of expansion this summer and growth to become one of the best football competitions in the world within five years, according to the strategic plan designed by PIF officials.
After last summer’s pumpkins Messiwho pushed his family chose Miami over Saudi Arabia’s mega offerthe technical managers of the PIF, the fund which owns the four major clubs of the Saudi Pro League, have prepared a list with three names: Kylian Mbappé, Kevin de Bruyne and Vinicius Jr. In all three attempts they failed, but the Saudis are not going to give up and the next target is Lamine Yamal.
The offer of Viniciusrevealed at the end of August by several Saudi media, would have been the most important in the history of football if Vini had wanted it: 1,000 million net for 5 seasons, 200 kilos per yeara contract with which he would have multiplied his salary by more than ten in the the real Madrid of 20 million gross.
