Saudi Handball CEO on achieving financial standards
The CEO of the Saudi Handball Federation stated that all the clubs that applied for the Financial Competency Certificate succeeded at a 100% rate in meeting the requirements after addressing their financial commitments in accordance with regulatory frameworks, with the aim of improving governance and financial stability. He explained that the financial obligations mainly pertain to the 2023/2024 season, and there is a joint plan to address them without postponing them to future seasons. He emphasized that continued participation of clubs without settling their financial obligations worsens the problem, and that the purpose of the financial competency regulations is to halt the accumulation of debts—not to exclude clubs from competition—by supporting sustainability through investment in youth categories and talent development. He concluded that the success of the clubs reflects a collaboration with the federation to build strong and stable sports entities capable of competing.
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