Prince Abdulaziz Al-Faisal Treats Al-Nasr and Al-Ittihad Strictly

The Saudi Minister of Sports, Prince Abdulaziz Al-Faisal, refused to bear the debts of the clubs of the Kingdom, before the start of the new season 2021-2022.

The new sports season will start in the KSA on August 12. It starts amid fierce competition expected, after the many international deals for major clubs.

According to news reports, Prince Abdulaziz bin Turki Al-Faisal refused to bear the debts of these clubs. That was during his meeting with the heads of the professional league clubs, on Wednesday.

The newspaper pointed out that a number of club heads suggested that the Ministry of Sports pay the past debts. However, each club bears new financial obligations.

However, the Minister of Sports responded that each president should assume his responsibilities, provided that the clubs pay their debts themselves.

Furthermore, the Ministry of Sports announced earlier that the debts of Al-Ittihad Club amounted to 140 million riyals. And 135 million for Al-Nasr, and 125 for Al-Ahly.

These debts, announced by the Saudi Ministry of Sports, are due to be paid before the end of August. That is in order for clubs to be able to register their deals.

As for Al Hilal, it has officially succeeded in paying off all its debts and financial obligations. And it obtained an official Financial Efficiency certificate.

In fact, the total debts owed by Saudi clubs amount to about 600 million Saudi riyals.

Al-Ittihad club debts amounted to 140 million riyals, compared to 135 million riyals for Al-Nassr. They are the largest debt in the Saudi league.

Al-Ahly’s debts amounted to 124 million riyals, while Al-Shabab to 68 million riyals.

 

See also: Financial Fair Play Causes Disputes between Saudi Clubs

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