The Saudi Football Federation has announced its readiness to approve the consolidated financial statements for the period extending from July 1, 2024, to December 31, 2025, during the general assembly meeting scheduled for May 18 in Riyadh. This step reflects the completion of the financial cycle and its entry into the phase of official endorsement.
The Middle East obtained details of the financial figures, revealing that total revenues amounted to 2.599 billion riyals (approximately 693.1 million dollars), while expenditures reached 2.511 billion riyals (around 669.6 million dollars), resulting in a financial surplus estimated at 88.4 million riyals (about 23.6 million dollars). This surplus indicates financial balance despite the increase in spending.
Event Details
The competitions item topped the list of expenditures with a total of 717 million riyals (approximately 191.2 million dollars), a figure that includes organizing local tournaments and hosting regional, continental, and international competitions. Additionally, 246 million riyals (around 65.6 million dollars) were allocated to support clubs and competition prizes, reflecting the scale of investment in local competitions.
Regarding national teams, the federation reported spending approximately 467 million riyals (about 124.5 million dollars), while referee allocations amounted to 210 million riyals (around 56 million dollars), as part of its efforts to enhance technical and organizational aspects and develop referees and their training camps.
Background & Context
In terms of human resources, the total salaries and incentives for the federation's employees and all Saudi national teams (19 teams) reached 543 million riyals (approximately 144.8 million dollars). On the operational revenue side, sponsorship contracts, broadcasting rights, and match income recorded 256 million riyals (around 68.3 million dollars).
Moreover, transportation and logistics expenses allocated for all federation employees and teams totaled 229 million riyals (approximately 61.1 million dollars), a category linked to the nature of activities extending both domestically and internationally.
Impact & Consequences
The agenda of the general assembly includes announcing the convening of the assembly and its formation according to the bylaws, approving the agenda, followed by the president's address. This is followed by appointing three representatives to review the meeting minutes and appointing independent auditors, then ratifying the minutes of the previous meeting.
The assembly will also discuss the president's report on activities since the last meeting, before presenting the external auditor's report and approving the consolidated financial statements, including the financial position and activity list. Additionally, proposals for amending the regulations and permanent orders will be voted on, leading to the appointment of an independent legal accountant based on the board's proposal.
Regional Significance
The Saudi Federation aims to continue its journey in the Saudi Professional League and secure a qualifying spot for the next edition of the AFC Champions League, facing Al-Khulood on Monday as part of the 30th round. This match comes at a critical time for the federation, which seeks to return to competition after a less-than-ideal season.
In the same round, Al-Fayha will host Al-Riyadh, while Al-Ettifaq will meet Al-Najma, which has confirmed its relegation. These matches hold significant importance for the participating clubs as they battle for points to ensure survival or qualification for external tournaments.