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Saudi Pro League takes over financial oversight of clubs in major governance shift

Saudi Pro League takes over financial oversight of clubs in major governance shift

Arab News14 hours ago
RIYADH: The Saudi Professional League announced on Sunday it had officially taken on the responsibility of organizing and monitoring the financial regulations governing its member clubs.
The announcement follows a decision by the Ministry of Sports to transfer oversight duties from the Financial Sustainability Committee to a newly established body under the League.
The new Financial Oversight Committee, operating under the SPL's remit, will be tasked with overseeing football-related financial activity across all SPL clubs.
The move is designed to enhance financial governance, streamline regulatory processes, and strengthen institutional discipline within the rapidly growing Saudi football sector.
The committee will be composed of representatives from the Ministry of Sports, the Saudi Arabian Football Federation, and the SPL itself, alongside independent members.
Its core responsibilities will include issuing financial competency certificates, monitoring club finances, and ensuring compliance with league-wide financial regulations.
'This is an important step toward unifying oversight, simplifying procedures, and promoting a more professional work environment across clubs,' the League said in a statement.
'The aim is to raise compliance levels and improve the speed and efficiency of financial reviews,' it added.
While the new mandate is limited to football activity within Saudi Pro League clubs, officials said the reform marked a broader commitment to improved governance and financial sustainability across the sport.
The SPL added that it would continue its work on existing oversight functions, such as tracking late payments and ensuring clubs meet their financial obligations, as part of the existing certification process.
The issuance of financial competency certificates will remain a key condition for clubs to operate in compliance with league rules.
In addition, new regulatory standards and planning tools are being gradually introduced.
These are intended to bolster long-term investment in club infrastructure and administration, while also helping clubs avoid financial distress through better fiscal discipline.
The SPL noted that the changes come in response to past financial and administrative challenges faced by several clubs, and reflect a coordinated effort between the League, the sports ministry, and the SAFF to promote sustainable growth.
'This development is part of an integrated approach,' the League said, 'aimed at supporting clubs in building strong, stable institutions that match the ambitions of their fans.'
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