Saudi boxing chief Turki Alalshikh is in advanced discussions with Derby County regarding a potential investment deal, as the Championship club awaits approval from league authorities. Alalshikh, a Saudi government official known for his influence in boxing, has been in dialogue with Derby owner David Clowes. The Independent Football Regulator is currently performing the necessary checks before potentially granting Clowes permission to proceed with an agreement that could significantly boost the club's ambitions.
Background on the Talks
Alalshikh, who chairs the General Entertainment Authority and serves as an adviser at the royal court, previously explored buying into Bristol City last year. Derby's owner, David Clowes, a lifelong supporter, saved the club from liquidation in June 2022 by spending approximately £55 million to take them out of administration. He has since held talks with several interested groups seeking financial injection to strengthen the club's position in the Championship.
Financial Details and Ownership Structure
Clowes is open to selling up to 80 percent of his shareholding but intends to remain as chairman if any deal is finalized. Alalshikh, who has previous football ownership experience in Spain and Egypt, could bring substantial resources to the club. Derby has not been in the Premier League since 2008, when they set unwanted records for fewest points. They finished eighth in the Championship table this season, four points shy of the play-off positions.
Saudi Arabia's Growing Football Portfolio
Saudi Arabia's most notable investment in English football remains Newcastle United, which they acquired in 2021. The investment transformed Newcastle from relegation candidates into a Champions League side, breaking the club's transfer record. However, after an underwhelming season and a poor transfer window, there have been accusations of declining interest, which the Saudi owners deny. Separately, Saudi Arabia's Public Investment Fund recently withdrew from LIV Golf as they continue to review their sports portfolio.
This potential Derby County investment underscores the Kingdom's ongoing strategy to expand its footprint in global sports, particularly English football.
