Al-Nassr financials show $30m deficit for fiscal year

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. (File/Twitter)
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Updated 26 August 2021
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Al-Nassr financials show $30m deficit for fiscal year

  • President Mussali Al-Muammar and board outline cost-cutting strategy at general assembly

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.


Saudi rally driver sets her sights on the fast lane 

Updated 38 min 45 sec ago
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Saudi rally driver sets her sights on the fast lane 

  • With podium finishes at home and ambitions abroad, Mashael Al-Saad is ready for the next race
  • Rally Jameel remained a defining chapter in Al-Saad’s journey, exposing her to the demands of desert racing and pushing her beyond familiar limits

MAKKAH: What began as a chance encounter with motorsport has evolved into a growing rallying career for Saudi driver Mashael Al-Saad.

With a growing list of domestic achievements and ambitions that extend beyond the Kingdom’s borders, Al-Saad is carving out her place in a discipline defined by endurance, precision and mental resilience.

Her first exposure to rally driving came as she emceed the second Rally Jameel in 2023, the region’s first women-only navigational rally. 

Witnessing the participants’ determination and competitiveness sparked Al-Saad’s curiosity about motorsport and encouraged her to explore the possibility of competing herself. 

A recommendation from Saudi rally driver Abdullah Bakhashab opened the door to her first professional opportunity with Lexus, marking the start of her rally career during the fourth Rally Jameel in 2024.

That quickly translated into results. As a Lexus team driver, Al-Saad secured first place in her category and sixth overall among more than 40 participants. 

Rally Jameel remained a defining chapter in her journey, exposing her to the demands of desert racing and pushing her beyond familiar limits. She continued to compete in subsequent editions, later earning second place overall and first in her category, before taking part in events at other race circuits across Saudi Arabia and the wider Middle East and North Africa region.

Despite entering a traditionally male-dominated sport, Al-Saad says she did not perceive her path as a challenging one. 

Instead, she highlights the extensive support she received on multiple fronts, from Saudi Arabia’s leadership and the Saudi Automobile and Motorcycle Federation to corporate backing from Lexus. 

She also credits her family, particularly her mother, for playing a vital role in shaping her confidence and determination long before she entered competitive racing.

Among her domestic successes, Al-Saad considers her Time Attack victory in Jeddah last year as one of the most significant milestones of her career. One of her earliest races, it saw her progress steadily to first place in the Women’s Cup, reinforcing her belief in her own capabilities. 

Another pivotal moment came in 2024, during the Racing Hill Climb, where she raced on mountainous terrain for the first time in Taif. The unfamiliar conditions tested her technical skills and adaptability, ultimately accelerating her development as a driver.

Competing at a high level has reshaped Al-Saad both on and off the track. Racing alongside experienced champions has, she says, been both humbling and motivating. 

Over time, she has developed a deeper understanding of the technical side of motorsport, spending increasing amounts of time studying vehicle dynamics and kinematics to better synchronize her driving style with the car. Personally, the sport has made her more confident in facing uncertainty, strengthening her ability to approach new challenges with focus rather than fear.

Al-Saad is often viewed as a role model for Saudi women entering motorsport, something which makes her feel humble. She says she would be honored to inspire just one woman but believes role models exist across all levels of the industry. For her, progress comes from observing the strengths of others and applying those lessons to one’s own journey — a philosophy she sees as relevant far beyond motorsports.

Managing pressure and risk is an integral part of rallying, and Al-Saad relies on preparation and composure to navigate intense stages. Planning ahead helps her mitigate challenges, while calm decision-making becomes crucial when conditions change unexpectedly. 

In a sport where every second counts, she emphasizes that clarity and decisiveness often make the difference between success and setback.

Looking ahead, Al-Saad has set her sights firmly on international competition. She aims to compete in the Middle East Rally Championship and hopes one day to line up at the start of the Dakar Rally in Saudi Arabia. 

She is also eager to explore other racing formats, viewing the learning process itself as one of the most rewarding aspects of her career.

To young Saudi women who aspire to follow a similar path but hesitate because they fear failing, Al-Saad offers a simple word of advice — start. 

She believes progress begins with the first step, learning through experience and allowing confidence to grow over time. 

In a rapidly evolving motorsports scene, her journey stands as a reflection of what is increasingly possible in Saudi Arabia — both on the road and beyond it.