Al-Nassr Football Club’s latest financial statements have revealed a deficit in excess of SR113 million ($30 million) for the fiscal year, Arabic sports daily Arriyadiyah has reported.
The Riyadh club’s revenues were revealed during the general assembly on Wednesday, and showed incoming revenue of $108 million and outgoings totalling $138 million.
Al-Nassr kicked off the 2021-22 Saudi Pro League season with a 4-1 win over Damac before losing its second match 2-1 to Al-Faisaly.
Club President Musalli Al-Muammar and board members, as well as the CEO and Ministry of Sports representatives, attended the meeting, which included a summary of the annual report and presentation of the financial statements after a review by the auditor.
The club’s administration announced a strategic plan and estimated budget for the next season that aims to reduce expenses by 30 percent, with expected revenues of $86 million and expenses of about $95 million leaving a deficit of $9 million.
