Majed Al Sorour is a Saudi business entrepreneur who owns a wealth of assets totalling to 500 billion pounds. He is a business executive who has earned two degrees in business administration and is also a qualified finance manager. In addition to his professional experience in football, he has worked in the United States, where he gained a reputation for spotting performance potential in businesses. His expertise in business management has led him to become a leader in the Saudi golf industry.
A former professional soccer player, Al Sorour has also served as a director on the board of Al Nassr Football Club. He started his career in the US before returning to Saudi Arabia to pursue local business interests. Now, he is CEO of the Golf Saudi Federation and serves as a counselor to the Public Investment Fund. The PIF is the world’s largest sovereign wealth fund and is active in sports investments.
Prior to his current position, Al Sorour served as the chief executive officer of the Farmers Insurance Group. In addition to this, he was the CEO of Amana Cooperative Insurance. Today, he is also a member of the board of Sanabil Private Equity Investments. This private equity firm invests up to $2 billion annually. Founded in Saudi Arabia, Sanabil is a member of the TADAWUL record-keeping system.
Al Sorour has been in the sports and entertainment industries for over 30 years. In this time, he has worked with organizations such as Uptake, Bupa Middle East, and the Saudi Golf Federation. Currently, he is an advisor to the Public Investment Fund, and he is a board member of the Al Nassr Football Club. At the recent Golf Saudi Summit, he gave the opening keynote speech, where he outlined the country’s ambition to become the most innovative market in sport in the next ten years.
When asked about the deal, Norman has defended the offer, stating that it is based on his share of ownership in the LIV franchise. However, he has also denied offering Woods a billion dollars. Previously, Norman had said that the offer was based on the club’s share of the sponsorship deals involved in the upcoming season. As for the details of the deal, he is said to be negotiating with the club’s minority shareholders, Amanda Staveley and Jamie Reuben.
Majed Al Sorour has also joined the Newcastle United directorate as a director. He is expected to make a contribution to the club’s revenue of 2.1K in 2021 and a potential amount of 2.5K in 2022. Although he has not yet talked about his family, he has reportedly declined to talk to the press about his personal life.
While his public involvement may not be as extensive as that of the other members of the club’s board, his wealth and position seems to be increasing. With his new job, he is likely to join the likes of Yasir Al-Rumayyan, Jamie Reuben, and the other major stakeholders.