24 Hrs
Source:
الاقتصادية
Saudi sports receives 1.47B riyals support
The Saudi Ministry of Sports has launched a new strategy to support sports clubs for the 2026-2027 season, with a total budget of 1.47 billion riyals. This includes 952.96 million riyals for direct support and 517 million riyals for various sports. The strategy focuses on enhancing the financial and operational sustainability of clubs by linking support to performance, governance, improving fan attendance, developing facilities, digital transformation, and diversifying revenue sources to reduce reliance on government funding. The initiative aims to support Saudi Pro League clubs with an annual amount of 42 million riyals for each club, along with additional allocations to support other sports, develop youth categories, and improve efficiency and transparency. This approach seeks to expand sports investment, promote the sustainability of clubs, enhance the fan experience, and support the diversification of income sources within the sports sector in the Kingdom.
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