70 Days
Source:
الاقتصادية
Saudi clubs must adopt 5-year strategy
The Saudi Ministry of Sports has approved an investment regulation aimed at organizing and improving the utilization of sports clubs' assets. This will be achieved through the establishment of independent investment committees linked to the board of directors and the development of five-year strategic plans. The regulation includes strict conditions such as feasibility studies, restrictions on high-risk investments, regulation of intellectual property rights, in addition to mandatory periodic financial reports, and the establishment of governance and disclosure mechanisms to enhance transparency and financial efficiency in the Saudi sports sector. The executive regulations will come into effect after addressing any comments, with the goal of attracting investments and ensuring the optimal management of club resources.
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