Please reveal the details of the financial situation

Al -Rajaa Sports Club for Football Club revealed the details of its current financial status before the date of the next year, which is expected to unveil the next president of the “Eagles”, in light of the great competition between the current interim president, Abdullah Piruen, Saeed Hasban and Jawad Al -Zayat.

In an official communiqué, the “Green Team” explained the details of the financial evaluation of its assets, in the context of the agreement concluded with the new investor who joined the club’s sports company.

According to the report, the total value of the club’s assets amounted to about 51 billion centimeters, divided as follows: 8 billion centimeters as an estimated value for the players, 15 billion centimeters for his commercial brand, and 28 billion centimeters for the academy.

As for the financial obligations, the total debt and the opponents owed to the club were determined in about 13 billion centimeters, which means that the net financial evaluation amounted to 38 billion centimeters. It should be noted that the ownership of the academy will remain preserved for the club’s sports association, but it will be placed at the disposal of the new sports company.

In an important step to restructure the capital, Raja announced the lifting of its capital from 300 thousand dirhams to 25 billion centimeters. The Sports Association will contribute with a share of 10 billion centimeters, which represents the value of the assets that will be transferred to the company, while the institutional investor is committed to pumping 15 billion centimeters in three batches, distributed over three sports seasons.

Yesterday, Thursday, Al -Rajaa Sports Club set the deadline for the presidential nominations, in preparation for the general assembly that will be held on July 7.