Riyadh: Saudi Pro League champions Al Nassr have reportedly fallen into severe financial difficulty despite their recent domestic success, with the club's debt estimated at around Rs 2,056 crore, according to a report by The Sunday Guardian.

The financial strain is expected to limit Al Nassr's ability to sign new players ahead of the upcoming season.

A major factor behind the club's financial burden is believed to be the contract signed with Portuguese superstar Cristiano Ronaldo before last season. Under the deal, Ronaldo reportedly earns an annual salary of around Rs 1,931 crore, placing significant pressure on the club's finances. The signing of several high-profile players has also added to the financial strain.

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Saudi Arabia's Public Investment Fund (PIF) owns a 75 per cent stake in Al Nassr. The sovereign wealth fund has acquired majority stakes in four of the country's leading football clubs as part of its wider investment in Saudi football.

Meanwhile, former Tottenham Hotspur manager Ange Postecoglou has been appointed as Al Nassr's head coach for the new season.