QSL, QFA host financial control workshop

The Qatar Stars League (QSL), in co-operation with the Qatar Football Association (QFA) have hosted a workshop explaining the new Financial Control Regulations, which are set to be implemented in time for the start of the 2017-18 QSL season.In the presence of QSL CEO and QFA Executive Committee member Hani Ballan, a number of QFA and QSL officials, and clubs representatives, the workshop was held with the view to introducing and interpreting new financial control regulations.The QFA and QSL officials demonstrated detailed presentation explaining these regulations and also responded to the queries by the clubs representatives.The QSL has been eager to place increasing financial responsibilities onto the clubs in recent years, and the new regulations will now ensure that all clubs within the state of Qatar will now have to formally comply.In order to ensure the financial stability of the clubs and within the framework of the efforts of the Ministry of Culture & Sports, the QFA and the QSL, a mechanism has been developed to tackle the challenges in clubs, some of which require radical changes in regards to the transfer of players, league registration and agreements of contracts with club coaches.The new regulations stipulate comprehensive control and monitor over the expenditures of players and coaches since the very beginning until the end. These regulations also limit clubs’ annual losses and debts. The regulations also come in the interest of financial balance; however the clubs are required to focus more on spending and incomes.The new financial regulations for the clubs which were drafted by the Ministry of Culture & Sport, the QFA and the QSL, will set new mechanism for the implementation of clear procedures within the clubs with the support and guidance to be presented by the QFA and the QSL.It was reiterated during the workshop that responsibility and financial control are a key element in the club’s access to the AFC licence. Moreover, the new financial regulations provide a framework for the teams to encourage club management to focus on their financial measures.