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This is how the money will be spent... 7 decisions in the Council of Ministers regarding new funding for sports clubs
19:54
A statement from the media office, a copy of which was received by 964 Network , stated :
This is how the money will be spent... 7 decisions in the Council of Ministers regarding new funding for sports clubs
19:54
Baghdad – 964
The Council of Ministers issued 7 decisions regulating the new funding that institutional sports clubs will receive, and controls the distribution of $4 billion annually to each of the clubs mentioned in the decision.[You must be registered and logged in to see this link.]
A statement from the media office, a copy of which was received by 964 Network , stated :
In the sports file, and with the aim of supporting sports clubs participating in the Professional Football League, the Council of Ministers approved the following:
1- Renting the stadiums belonging to the Ministry of Youth and Sports to the clubs participating in the Professional League (one stadium for every two clubs maximum), in exchange for a rental allowance, provided that the clubs bear the rehabilitation of the stadiums’ facilities from the amounts allocated to them, according to paragraph (3/a) shown below, Through coordination with the committee for activating the disbursement mechanism consisting of (LaLiga, the League, and the Club), whose tasks include presenting the real needs and giving the final opinion on that.
2- Amending Paragraph (8) of Council of Ministers Resolution (289 of 2017) amended by Council of Ministers Resolution (25 of 2021) to become as follows:
- Determining the annual support for clubs participating in the Iraqi Professional Football League at 4 billion dinars, instead of 2 billion dinars, (institutional clubs: Al-Zawraa, Al-Quwa Al-Jawiya, Al-Talaba, Al-Shorta, Al-Hodood, Al-Karkh, Al-Kahraba, Al-Mina, Al-Naft, and Naft Al-Wasat).
3- The club allocates an amount of one billion dinars from the allocation mentioned in paragraph (2), to rehabilitate and develop the infrastructure and staff working in the club, according to the following:
a. 850 million dinars to develop infrastructure (stadiums and buildings) in accordance with LaLiga standards.
B. 150 million dinars to develop working personnel (administrative, financial, legal, marketing, technical, media, and programs).
4- Emphasis on activating Paragraph (7) of Cabinet Resolution (289 of 2017), provided that it is the last time debts are paid.
5- The ministries or companies supporting the clubs are obligated to submit a 50% bank guarantee to pay the dues of players and coaches (one of the necessary requirements for granting a license to participate in the professional league).
6- The disbursed funds are subject to the supervision of the Federal Office of Financial Supervision.
[color:c3a7=rgba(0, 0, 0, 0)]7- The allocation to clubs affiliated with the ministries shall be from the profitable companies in the ministry or institution, and it shall be divided between the companies in fines, according to the size of their profits, or from the funds affiliated with the Ministry, for example but not limited to (the Higher Education Fund and the Education Fund), or from the collection amounts carried out by them. The Ministry, provided that the Ministry of Finance is notified of this for the purpose of notation, or from its allocations
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