How Saudi investments are impacting the world of sports

How Saudi investments are impacting the world of sports – CBS News

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After getting rejected by Lionel Messi, Saudi Arabia has made an offer to another soccer superstar that may be too good to refuse. The Saudi club Al Hilal has proposed a world-record $332 million transfer fee to bring Kylian Mbappé from the French club Paris Saint-Germain. Michael Goldberg, senior vice president of sports finance for global credit rating firm DBRS Morningstar, discussed the business of soccer and how Saudi investments are reshaping the landscape.

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