Saudi’s billionaire Prince Alwaleed bin Talal donates $500k to local soccer club

Prince Alwaleed bin Talal billionaire of Saudi Arabia, freed two weeks ago from detention in a luxury hotel during a corruption sweep, told on Tuesday that he was responding to a government call to support local soccer clubs by donating half a million dollars.

Prince Alwaleed, one of the country’s top international investors, spent approximately three months of detention in the Riyadh Ritz-Carlton hotel, along with dozens of senior officials and businessmen, part of a crackdown on the orders of Crown Prince Mohammed bin Salman.

In an interview held hours before his release, he mentioned that Reuters he maintained his innocence and believed to keep full control of his firm. But when asked, he did not rule out making a donation to the government in return for his freedom.

A senior Saudi official later mentoned that Reuters he was released after reaching a financial settlement with the attorney general, but neither party provided details. Most detainees have been released, after settlements that the attorney general said secured more than $100 billion from members of the elite.

Prince Alwaleed tweeted a photo of himself on Tuesday viewing a soccer game with his family and told, “Answering my brother Turki al-Sheikh’s invitation to support Saudi clubs … I present 2 million Saudi riyals ($533,333) to support Al Hilal FC.”

Al-Sheikh heads the government’s General Sports Authority and is seen as near to the crown prince. Prince Alwaleed’s fortune was previously calculated by Forbes magazine at $17 billion.

تجاوباً مع دعوة أخي @Turki_alalshikh في دعم الأندية السعودية، وبمناسبة تدشين نادي #الهلال لملعبهم، أقدم ٢ مليون ريال سعودي تشجيعاً لـ @Alhilal_FC https://t.co/rRylcPts1c pic.twitter.com/wd7KXYUuVE— الوليد بن طلال (@Alwaleed_Talal) February 13, 2018

 

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