Salem Badughaish #THEGULFNEWS
Source of the picture: https://images.app.goo.gl/q4oahhBFbtFeBAS36
According to Saudi Arabian reports, a company in Saudi Arabia called Al-Wasail has recently struck a deal with Alawwal Bank "SAB" to rename the King Saud University stadium, formerly known as Marsool, to "Al-Awwal Park."
This is a significant development in the history of the stadium, which has been a prominent landmark in the country for many years. The King Saud University stadium was originally constructed in the 1970s to serve as a sporting venue for the university's students and staff. Over the years, it has been renovated and expanded to accommodate larger crowds and host major events. It has been the site of many important matches and competitions, including international football games and the Saudi Crown Prince Cup.
As part of the agreement, the previous contract between the Al-Wasail Company and the former sponsor was terminated due to disagreements between the parties. The new contract is for three years, with the option to extend for an additional two years. The deal is worth a total of $15 million, which will be paid in three installments. The first year will see $5 million paid, followed by $4.5 million for each of the following two years.
The renaming of the stadium to "Al-Awwal Park" will take effect during the semi-finals of the Custodian of the Two Holy Mosques Cup, beginning with the game between Al-Nassr and Al-Wehda. This is an exciting time for sports fans and sponsors alike, as the new name and sponsorship deal will undoubtedly help to elevate the profile of the stadium and attract even more high-profile events in the future.