Saudi financial oversight committee stuns Al-Nassr with bombshell decisions

The Financial Control Committee has imposed restrictions on Al-Nassr due to accumulated debts and scheduled obligations that have exceeded 800 million riyals, as part of measures aimed at controlling spending.

The decisions included contract renewals, as the extensions for Nawaf Al-Aqidi and Abdul Rehman for three seasons were rejected or suspended, along with Raghed Al-Najjar's contract for one season.

The oversight has extended to youth teams, where the committee did not approve the renewal of several player contracts, confirming that financial measures encompass various teams of Al Nassr.

The committee proposed solutions to provide urgent liquidity, including the loan of Sadio Mané or Abdul Rehman to Al-Ittihad, which was not approved by Al-Nassr's management.

The possibility of selling contracts for some professionals, including defender Iñigo Martínez and forward Ângelo Gabriel, was raised, but the sports management rejected the idea to maintain the team's strength.

Al Nassr's company has moved to overcome the crisis by presenting a financial plan that includes solutions and guarantees related to spending efficiency and reorganizing commitments to bridge the funding gap.

The sports management is working in parallel to reduce the list of local players to reach the approved number, especially with the promotion of a group of under-21 players.

Al-Nassr's management is awaiting final official approval on submitted procedures to lift imposed restrictions and finalize pending renewal contracts, along with registering new signings.