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Al Ain Club’s debts exceed 64 million riyals left over from the previous administration.

by Ruslan Burak
July 3, 2023
in Sports
3 min read
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The board of directors of Al Ain in charge of the club found that the club’s debts incurred last season and the obligations of the previous administration during the presence of the first team in the Premier League, the Prince Mohammed bin Salman Cup League, exceeded $64 million. rials, most of which represent financial rights to international and local players, as well as to a number of clubs as a result of unpaid contracts that the club has. It is subject to a FIFA suspension for several periods and is deprived of the ability to register players, which puts the first football team in a real and major crisis. Al Ain Club’s administration responsible for this confirmed that it had identified the club’s debts and any obstacles and problems that the club might face next season and handed them over in full. and unequivocally to the position of the Ministry of Sports.

The administration of Al Ain added that, despite the increasing difficulties and obstacles that the club faced from the beginning of the season to the end, we took on a heavy responsibility, a difficult legacy and difficult conditions and were able, thanks to God, to manage the club’s crisis. in the current season and the survival of the first football team in the first division (yellow) in the next season in addition to Participate in all the different games of the club in various leagues and tournaments, and also receive the championship of the region in some of them.

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We also worked to activate the management program approved by the Ministry of Sports, which resulted in the support of the club’s treasury with financial support, and this is one of the achievements achieved by the Al Ain club for the first time in its entire career. , first team players and all administrators, coaches and players of all different games have their rights for the whole season, as well as employees of the club as a whole, and no debts have been added to the club’s treasury.

The management of the Al Ain Club stated that the first football team since the acquisition of the club this season, faced financial crises, obstacles and serious difficulties, including the inability of the club to achieve financial solvency before the period of our appointment. The amount of financial efficiency for the first period is estimated at eight million rials.

In addition to the incomplete quorum of first team players specified in the professional regulations, in connection with which the first team was not able to play their first meeting in the first division against the Bisha club, due to a lack of players, which led to the decision to calculate the result of the match for the club ” Bisha 3-0 in addition to the impossibility of registering foreign players in the team and local players during the current season before its end due to the ban on the registration of the Al Ain club due to a number of financial problems and claims arising from the club in the previous season following its relegation from the Prince Mohammed bin Salman Cup League. The club also suffered from a lack of financial support in general and a lack of sponsors other than support. The club’s monthly sports ministry was (416,000 rials) and the club’s monthly expenses exceeded (one million rials) as a result of the renewal of a number of players’ contracts from last season by very large amounts, exceeding the budget of the Yellow League.

Al Ain Club management concluded their statement by thanking His Highness Emir Al Baha for his position, material and moral support, and his constant questions about the club’s conditions.

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