QFA follows up on April 18 meeting, details finance control rules

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Monday, May 1st 2017 05:45 AM

DOHA: The Executive Committee of the Qatar Football Association (QFA) on Sunday underlined key points relating to financial controls at football clubs in the country. According to details released by QFA, the rules relate to the financial performance of every football club, stability and management of clubs. In the addition, the football clubs have been advised to feature in events only organized by QFA. Clubs should refrain from featuring tournaments hosted by 'any third party'. In maybe mentioned that the Executive Committee of the QFA approved a draft resolution on April 18 when it was decided to put together a Standing Committee for Financial Control (SCFC). Soon afterwards, the Qatar Stars League (QSL), in cooperation with the QFA, hosted a workshop explaining the new Financial Control Regulations, which will be implemented in time for the start of the next season. The workshop was chaired by Hani Ballan, Member of the QFA Executive Committee and the CEO of the QSL. The new regulations are aimed at streamlining financial matters at the football clubs, a process that would 'ensure the financial performance of clubs'. QFA believes that this practice in future would safeguard the interests of the clubs and their players. The SCFC is responsible for ensuring compliance of the new rules that could be used for decision-making. QFA informed that the SCFC shall consist of: a Chairman, a Vice-Chairman and an appropriate number of members to be appointed by the Executive Committee for a period of four years. QFA said at least one member of the SCFC must have a legal qualification. The Chairman, the Vice President and the members of the SCFC shall not be members of any judicial organ or committees affiliated with the QFA or the QSL, it was said. The new regulations include said the clubs must work to comprehensively control the mechanism of exchange of players and coaches from start to finish of a season, knowing that these regulations limit the annual losses and debts on clubs. The new financial regulations put the onus on the clubs as they must develop their capabilities either in contracting or negotiating with other clubs, mediators or players.