Zamalek: We owe FIFA over quarter a billion Egyptian kilos

Zamalek: We owe FIFA over quarter a billion Egyptian kilos

A member of the Zamalek normalization committee, Tarek Gabriel, stated that they owe over 1 / 4 of a billion Egyptian kilos to FIFA in late dues.

Because the elimination of Mortada Mansour and his board, all of Zamalek’s monetary points have been uncovered because the membership’s money owed have turn into public.

The top of the primary normalization committee, Ahmed El-Bakry, had beforehand revealed that they have been over EGP 1 billion in debt. These got here within the type of EGP 150m as authorized circumstances money owed and 35M as money owed in the direction of the Egyptian Soccer Affiliation.

Including to that, that they had EGP 73m unpaid loans for the final and the present monetary years.

Hussein Labib, who at present heads the normalization committee, beforehand confirmed that they should pay FIFA $17 million, EGP 266 million, after many circumstances have been dominated towards them. Their newest superb got here at the beginning of June, after the Dispute Decision Chamber (DRC) in FIFA dominated in favor of Difaa Al-Jadidi, who filed a grievance towards the White Knights for the switch of Hamid Ahaddad.

Because of this, Zamalek have determined to open a checking account to fundraise cash from the general public and Zamalek followers to assist the membership.

Gabriel reaffirmed the membership’s monetary issues however assured they’ve taken the right steps to cut back these money owed.

“We took over the membership in a really troublesome scenario, the numbers of money owed and dues are surprising,” he informed Al-Shams TV.

“The membership’s checking account and the secure was not sufficient for a day and a half’s bills. All main golf equipment common EGP1 million to EGP2 million bills per day.

“The quantity demanded by FIFA from Zamalek amounted to $17 million {dollars} [just over EGP250 million].

“A few of these dues are new, for some the attraction is ongoing, and others have had a ultimate ruling.

“From the board of administrators, we assigned Amr Adham and Hussein Al-Sayed together with Nasr Azzam, the Egyptian lawyer, and one other foreigner, to deal with the file.

“We observe up on the matter every day, and we have now began negotiations with some events they usually appear that they could possibly be profitable,” he concluded.

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