JEDDAH, Saudi Arabia, July 21 (NNN-SPA) – The General Sports Authority (GSA) announced today, a USD 650 million financial and governance strategy, aimed at making sports a flourishing and prosperous sector, and to encourage clubs to diversify sports practices and commit to the highest standards of governance.
Under the strategy, 170 active clubs in Saudi Arabia will benefit from direct financial support, as well as, performance-based support. The strategy encourages the clubs to meet certain standards of governance, infrastructure and fan attendance.
Chairman of the GSA Board of Directors said, “The Crown Prince is very keen, despite his busy schedule, to monitor this strategy, to guarantee the implementation of governance standards in football, and to shed light on other sports, to attract investors and create job opportunities.”
Chairman of the GSA Board of Directors, said, “Support is available and the strategy is well prepared. Now it’s time for the football clubs to work in securing additional financial support and on their sustainability, administratively and financially.”– NNN-SPA
