The Financial Efficiency Committee of the Saudi Football Association issued its report revealing the financial position of Saudi clubs and granting licenses to those clubs that have met the financial conditions to contract with players during the winter transfer window.
On the issuance of a financial competency certificate, which allows clubs to register new players, during the current winter transfer period, at a press conference held by the committee this Thursday evening.
Based on Article 11 of the Financial Competency Regulations for Sports Clubs, the committee decided to approve the granting of a certificate of financial competence for clubs (Damak – Al Fath – Al Ain – Al Qadisiyah – Al Faisaly – Abha – Al Taawun – Al Raed – Al Shabab – Al Ahly – Al Hilal), and the committee also decided not to grant the certificate. For clubs (Al Batin – Al Ettifaq – Al Wehda – Al Ittihad – Al Nasr); Because they do not meet the binding criteria for certification.
The committee clarified that, based on Article 22 of the regulations, the clubs have the right to request a review of this decision within a period not exceeding 3 days only from the date of its notification, with the assurance that the committee will continue working with all sports clubs as planned and stipulated in A list of the financial competence of sports clubs, with continuous monthly follow-up.
In a related context, Abdullah Kabuha, Chairman of the Financial Efficiency Committee, confirmed that the committee rejected Al-Nasr’s request to postpone the announcement of the committee’s report, indicating that Al-Nassr Club debts exceeded 120 million riyals.